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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:49 EDTWYNNWynn Resorts rallies after results, levels to watch
Shares are up 5.8% at time of writing to $218.46 following stronger than expected results last night after the close. The company reported Q1 adjusted EPS of $2.32 versus consensus of $2.07. At current price, resistance is at $223.50. Support is at $212.87. Sterne Agee upgraded the shares to Buy. Deutsche Bank bumped its price target up to $265.
News For WYNN From The Last 14 Days
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July 2, 2015
12:11 EDTWYNNJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTWYNNUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTWYNNUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
06:48 EDTWYNNMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTWYNNMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTWYNNMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTWYNNMacau appears to re-lengthen visas to 7 days, says Brean Capital
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
June 26, 2015
09:32 EDTWYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
07:38 EDTWYNNMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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