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Stock Market & Financial Investment News

News Breaks
August 7, 2014
09:26 EDTWYNNWynn Resorts upgraded at Craig-Hallum
As previously reported, Craig-Hallum upgraded Wynn Resorts to Buy from Hold. The analyst upgraded shares citing an attractive entry point and believes shares now discount concerns of the Chinese government corruption crackdown, junket credit availability and economic uncertainty. The firm expects meaningful top-line growth in 2016 when Wynn Palace in Cotai opens and believes it is one of the front runners for a Japan casino license. Price target is $244.
News For WYNN From The Last 14 Days
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August 28, 2015
09:34 EDTWYNNNevada reports July statewide gaming win down 0.96% to $922.89M
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August 27, 2015
06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
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August 21, 2015
07:17 EDTWYNNMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTWYNNMacau GGR poised to sink 37% in August, says Bernstein
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