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Fly News Breaks for June 30, 2015
WYNN, MPEL, MGM, LVS
Jun 30, 2015 | 15:17 EDT
Wells Fargo expects the rally in Macau gaming stocks to fade and does not recommend buying the short covering rally. The firm said the visa change does not signal a sustained shift in China's policy towards Macau, or an easing in the anti-corruption campaign. Wells Fargo expects June revenue to be released tonight and be down 39%-40%, below consensus expectations. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
News For LVS;MGM;MPEL;WYNN From the Last 2 Days
WYNN
Apr 19, 2024 | 05:13 EDT
LVS
Apr 18, 2024 | 16:26 EDT
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LVS
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
LVS
Apr 18, 2024 | 09:22 EDT
LVS
Apr 18, 2024 | 09:11 EDT
Macquarie lowered the firm's price target on Las Vegas Sands to $61 from $62 and keeps an Outperform rating on the shares. The company reported a slight Q1 beat, aided by lucky Singapore hold, which more than offset unfavorable Macau hold, the analyst tells investors in a research note. The firm says that while ongoing Macau construction remains an impact, it sets up Las Vegas Sands for a much stronger competitive position in 2025.
LVS
Apr 18, 2024 | 07:38 EDT
LVS
Apr 18, 2024 | 06:39 EDT
LVS
Apr 18, 2024 | 06:21 EDT
LVS
Apr 18, 2024 | 05:51 EDT
Citi raised the firm's price target on Las Vegas Sands to $75 from $74 and keeps a Buy rating on the shares following the Q1 report. At Macau, the disruption from Londoner phase 2 renovation has been largely priced in as it was well flagged and explained by management in previous earnings calls, the analyst tells investors in a research note. the firm continues to rank Las Vegas Sands as its "Global Top Pick." The stock appears to be trading at an "undemanding" valuation, says Citi.
LVS
Apr 18, 2024 | 05:42 EDT
LVS
Apr 18, 2024 | 05:28 EDT
LVS
Apr 17, 2024 | 18:28 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here
LVS
Apr 17, 2024 | 16:11 EDT
LVS
Apr 17, 2024 | 16:08 EDT
LVS
Apr 17, 2024 | 16:07 EDT
LVS
Apr 17, 2024 | 16:05 EDT
LVS
Apr 17, 2024 | 13:35 EDT
Pre-earnings options volume in Las Vegas Sands is 3.0x normal with calls leading puts 4:3. Implied volatility suggests the market is anticipating a move near 3.7%, or $1.89, after results are released. Median move over the past eight quarters is 4.5%.
LVS
Apr 17, 2024 | 13:18 EDT
MGM
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
