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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:13 EDTWYNNWynn Resorts valuation will prove to be a great entry point, says Goldman
Goldman expects Wynn Resorts' recent weakness to prove to be a great entry point. The firm expects the Wynn Palace opening in 2016 to be a big success and for relative dividend yield, free-cash-flow, and EBITDA margins to drive shares higher. Shares are Buy rated with a $265 price target.
News For WYNN From The Last 14 Days
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June 30, 2015
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).
June 16, 2015
08:08 EDTWYNNMacau Q2 estimates lowered below consensus at Morgan Stanley
Following a trip to Macau, Morgan Stanley said the market is still far from a turnaround and trends are still weakening. The firm does not expect Q2 to-date GGR results of (36%) to improve, below its prior estimate of (30%), and lowered forecasts. Morgan Stanley's Q2 Macau property-level EBITDA estimate for MGM Resorts (MGM) falls to $121M vs. consensus of $141M, Wynn Resorts (WYNN) lowered to $200M vs. consensus of $210M, and Las Vegas Sands (LVS) drops to $521M vs. consensus of $549M.

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