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WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

, LVS

Las Vegas Sands

$56.96

0.11 (0.19%)

11:59
05/19/17
05/19
11:59
05/19/17
11:59

Macau casino name weakness attributed to report of regulator's rebid comments

Shares of several publicly traded companies in the Macau gaming space, including Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO), have seen some late morning weakness as attention gets called to a Bloomberg report last night regarding Chinese-language media reports regarding the G2E Asia conference. At the event, the Chinese reports claim that DICJ Director Paul Chan implied that existing Macau casino operators will have to rebid for their licenses, Bloomberg said last night. The DICJ is the Gaming Inspection and Coordination Bureau of Macau.

WYNN

Wynn Resorts

$122.42

-0.2 (-0.16%)

LVS

Las Vegas Sands

$56.96

0.11 (0.19%)

MGM

MGM Resorts

$31.36

0.4 (1.29%)

MLCO

Melco Resorts & Entertainment

$20.99

-0.27 (-1.27%)

  • 31

    May

WYNN Wynn Resorts
$122.42

-0.2 (-0.16%)

05/12/17
05/12/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tiffany (TIF) upgraded to Buy from Neutral at Goldman Sachs analyst Lindsay Drucker Mann saying the luxury category is improving amid higher international tourist spending and a "firming" high-end U.S. consumer. 2. Bed Bath & Beyond (BBBY) upgraded to Hold from Sell at Loop Capital with analyst Anthony Chukumba citing valuation, not a more bullish view of the company's fundamentals, for the upgrade. 3. Chemours (CC) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the stock's multiple can expand given the company's longer-term growth opportunities. Chemours has a proprietary set of "very profitable newer generation refrigerants with patent lives extending to 2022 with excellent growth potential," Zekauskas tells investors in a research note. He raised his price target for the shares to $50 from $39. 4. TripAdvisor (TRIP) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Stephen Turner citing improving underlying performance following the first quarter report. 5. Wynn Resorts (WYNN) and Las Vegas Sands (LVS) were upgraded to Overweight from Equal Weight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/12/17
05/12/17
UPGRADE

Overweight
Las Vegas Sands, Wynn Resorts upgraded on Macau recovery at Barclays
As previously reported, Barclays analyst Felicia Hendrix upgraded both Las Vegas Sands (LVS) and Wynn Resorts (WYNN), each to Overweight from Equal Weight, citing the recovery in Macau, which she now believes is sustainable. The Macau gaming market has been picking up steam, having posted four consecutive quarters of mass market GGR growth, and Hendrix sees this as the early stages of a multi-year growth cycle, she tells investors. The analyst, who raised her price target on Las Vegas Sands to $68 from $55 and on Wynn to $144 from $87, also keeps an unchanged Overweight rating and $34 target on casino peer MGM Resorts (MGM).
05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Wynn Resorts upgraded to Overweight from Equal Weight at Barclays
04/26/17
04/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Big Lots (BIG) upgraded to Strong Buy from Market Perform at Raymond James with analyst Dan Wewer saying all productivity metrics continue to improve as the company has pruned back underperforming stores and has focused on sales, productivity, EBIT%, ROIC, FCF, dividend growth, and buybacks. Wewer notes Big Lots' short interest has reached 33% and could be a benefit as the company delivers on on earnings and guidance. 2. Dynegy (DYN) upgraded to Hold from Sell at Deutsche Bank with analyst Abe Aza citing a balanced risk/reward with the stock down 30% since February's "disappointing" New England capacity auction results. The analyst raised his price target for the shares to $7 from $6. 3. L Brands (LB) upgraded to Buy on core comp, margin opportunity at Buckingham with the firm saying the worst of trends at Victoria's Secret are past and believes core comps and margin can improve going forward. 4. Wynn Resorts (WYNN) upgraded to Buy from Hold at Union Gaming. 5. BHP Billiton (BHP) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LVS Las Vegas Sands
$56.96

0.11 (0.19%)

05/12/17
LEHM
05/12/17
UPGRADE
LEHM
Overweight
Las Vegas Sands upgraded to Overweight from Equal Weight at Barclays
04/28/17
SUSQ
04/28/17
NO CHANGE
Target $69
SUSQ
Positive
Las Vegas Sands price target raised to $69 from $63 at Susquehanna
Susquehanna analyst Rachel Rothman raised her price target on Las Vegas Sands to $69 from $63 following solid Q1 results. The analyst cited the company's organic growth in Macau, free cash flow deployment, global portfolio and a bullish long-term outlook. Rothman reiterated her Positive rating on Las Vegas Sands shares.
MGM MGM Resorts
$31.36

0.4 (1.29%)

03/08/17
STFL
03/08/17
NO CHANGE
STFL
MGM Resorts decline caused by several factors, says Stifel
Stifel analyst Steven Wieczynski blames yesterday's decline in MGM's stock on the company's statement that President Trump's travel ban "created some noise in Strip lodging trends during January and February.," a decline in National Harbor's win rate in February versus January, and the North Korea missile launch. However, the analyst notes that March has been more encouraging in Vegas so far, and he keeps a Buy rating on the shares.
04/25/17
MSCO
04/25/17
NO CHANGE
MSCO
Macau forecasts raised at Morgan Stanley
Morgan Stanley analyst Thomas Allen raised Macau estimates to reflect stronger Q1 momentum, driven by the VIP segment, and increased confidence in infrastructure, such as the Taipa ferry terminal opening. As a result, the analyst raised Wynn Resorts price target to $130 from $124 and continues to believe it has the most upside versus consensus, raised Las Vegas Sands (LVS) price target to $58 from $57, and increased MGM Resorts' price target to $31 from $30.
03/28/17
WOLF
03/28/17
INITIATION
Target $32
WOLF
Outperform
MGM Resorts initiated with an Outperform at Wolfe Research
Wolfe Research initiated MGM Resorts with an Outperform and a $32 price target.
MLCO Melco Resorts & Entertainment
$20.99

-0.27 (-1.27%)

04/24/17
UGAM
04/24/17
UPGRADE
UGAM
Buy
Melco Resorts & Entertainment upgraded to Buy from Hold at Union Gaming

TODAY'S FREE FLY STORIES

F

Ford

$10.81

-0.0337 (-0.31%)

13:08
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13:08
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DHL, Ford unveil jointly manufactured electric delivery vehicle, AP reports »

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BX

Blackstone

$32.30

0.04 (0.12%)

, GM

General Motors

$35.68

0.135 (0.38%)

13:05
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Hot Stocks
Forum CEOs: Yesterday's press conference was 'point of no return,' Coombs tweets »

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BX

Blackstone

$32.30

0.04 (0.12%)

GM

General Motors

$35.68

0.135 (0.38%)

JPM

JPMorgan

$92.76

0.03 (0.03%)

BLK

BlackRock

$428.72

0.47 (0.11%)

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HBNC

Horizon Bancorp

$25.84

-0.2 (-0.77%)

13:01
08/16/17
08/16
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13:01
Hot Stocks
Horizon Bancorp, Lafatyette Community Bancorp receive regulatory approvals »

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CBI

CB&I

$10.47

-0.72 (-6.43%)

13:00
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13:00
Options
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CPB

Campbell Soup

$53.94

0.21 (0.39%)

12:56
08/16/17
08/16
12:56
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12:56
Hot Stocks
Campbell Soup CEO resigns from President Trump's council »

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PG

Procter & Gamble

$92.68

0.475 (0.52%)

12:56
08/16/17
08/16
12:56
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12:56
Hot Stocks
Procter & Gamble: Trian offering 'no new, actionable ideas' to drive value »

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BX

Blackstone

$32.30

0.04 (0.12%)

, BLK

BlackRock

$429.21

0.96 (0.22%)

12:55
08/16/17
08/16
12:55
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12:55
Periodicals
Trump's Strategic and Policy Forum to disband, CNBC says »

President Donald…

BX

Blackstone

$32.30

0.04 (0.12%)

BLK

BlackRock

$429.21

0.96 (0.22%)

IBM

IBM

$142.81

0.744 (0.52%)

MMM

3M

$207.94

0.76 (0.37%)

INTC

Intel

$36.00

-0.34 (-0.94%)

UAA

Under Armour

$18.26

0.0402 (0.22%)

UA

Under Armour

$16.77

0.105 (0.63%)

MRK

Merck

$62.87

0.37 (0.59%)

03/08/13
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UIS

Unisys

$8.23

0.225 (2.81%)

12:55
08/16/17
08/16
12:55
08/16/17
12:55
Conference/Events
Unisys to host webinar »

SVP & CTO El-Sadany…

03/08/13
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AROW

Arrow Financial

$32.05

-0.55 (-1.69%)

12:53
08/16/17
08/16
12:53
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12:53
Hot Stocks
Arrow Financial names Edward Campanella CFO »

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BX

Blackstone

$32.30

0.041 (0.13%)

, BLK

BlackRock

$429.20

0.95 (0.22%)

12:52
08/16/17
08/16
12:52
08/16/17
12:52
Hot Stocks
Breaking Hot Stocks news story on Blackstone, BlackRock, IBM, 3M, Merck, Intel, Under Armour, Under Armour »

Trump's Strategic…

BX

Blackstone

$32.30

0.041 (0.13%)

BLK

BlackRock

$429.20

0.95 (0.22%)

IBM

IBM

$142.81

0.742 (0.52%)

MMM

3M

$208.11

0.93 (0.45%)

MRK

Merck

$62.90

0.4 (0.64%)

INTC

Intel

$36.00

-0.34 (-0.94%)

UA

Under Armour

$16.78

0.119 (0.71%)

UAA

Under Armour

$18.28

0.055 (0.30%)

03/08/13
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03/06/13
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    Oct

HRG

HRG Group

$15.89

0.1 (0.63%)

12:50
08/16/17
08/16
12:50
08/16/17
12:50
Options
$4.9M call buyer in HRG Group »

$4.9M call buyer in HRG…

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  • 25

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AERI

Aerie Pharmaceuticals

$52.40

1.8 (3.56%)

12:45
08/16/17
08/16
12:45
08/16/17
12:45
Periodicals
Aerie approval jeopardized by manufacturing problems, STAT reports »

The FDA's approval…

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BX

Blackstone

$32.32

0.0566 (0.18%)

, BLK

BlackRock

$429.21

0.96 (0.22%)

12:42
08/16/17
08/16
12:42
08/16/17
12:42
Periodicals
Strategic and Policy Forum members on verge of disbanding, NY Times reports »

Members of President…

BX

Blackstone

$32.32

0.0566 (0.18%)

BLK

BlackRock

$429.21

0.96 (0.22%)

IBM

IBM

$142.61

0.54 (0.38%)

MMM

3M

$208.18

1 (0.48%)

INTC

Intel

$36.00

-0.34 (-0.94%)

UAA

Under Armour

$18.29

0.07 (0.38%)

UA

Under Armour

$16.79

0.13 (0.78%)

MRK

Merck

$62.84

0.34 (0.54%)

03/08/13
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AAPL

Apple

$162.42

0.8 (0.49%)

12:41
08/16/17
08/16
12:41
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12:41
Periodicals
Ireland says no change to Apple tax policy, Bloomberg reports »

The Irish Finance…

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  • 23

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UNH

UnitedHealth

$193.33

-1.17 (-0.60%)

12:40
08/16/17
08/16
12:40
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12:40
Recommendations
UnitedHealth analyst commentary  »

UnitedHealth made…

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MU

Micron

$29.68

0.44 (1.50%)

12:40
08/16/17
08/16
12:40
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12:40
Options
20K Micron Sep 33 - 36 call spreads bought for 32c »

20K Micron Sep 33 - 36…

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  • 29

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12:30
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General news
SF Fed says "Good News on Wage Growth," »

SF Fed says "Good…

MMM

3M

$208.13

0.95 (0.46%)

12:29
08/16/17
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Hot Stocks
3M CEO resigns President Trump's Manufacturing Jobs Initiative »

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AAPL

Apple

$161.60

1.75 (1.09%)

12:25
08/16/17
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Periodicals
Ireland shuns EU petition that it collect EUR 13B from Apple »

According to Reuters,…

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  • 23

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MMM

3M

$208.12

0.94 (0.45%)

12:25
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Hot Stocks
Breaking Hot Stocks news story on 3M »

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AMZN

Amazon.com

$982.74

-0.56 (-0.06%)

, TGT

Target

$56.21

1.86 (3.42%)

12:23
08/16/17
08/16
12:23
08/16/17
12:23
General news
On The Fly: Top stock stories at midday »

Stocks opened in positive…

AMZN

Amazon.com

$982.74

-0.56 (-0.06%)

TGT

Target

$56.21

1.86 (3.42%)

LPLA

LPL Financial

$46.07

0.07 (0.15%)

URBN

Urban Outfitters

$16.82

-0.91 (-5.13%)

A

Agilent

$61.71

2.325 (3.92%)

NEFF

Neff

$24.58

-1.575 (-6.02%)

HEES

H&E Equipment

$21.09

0.16 (0.76%)

DORM

Dorman Products

$68.96

-6.53 (-8.65%)

AAPL

Apple

$161.60

1.75 (1.09%)

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VIX

Volatility Index S&P 500 Options

12:20
08/16/17
08/16
12:20
08/16/17
12:20
Options
Heavy trading in VIX calls on expiration Wednesday »

Heavy trading in VIX…

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STOR

Store Capital

$24.98

0.47 (1.92%)

, INVH

Invitation Homes

$23.11

0.17 (0.74%)

12:17
08/16/17
08/16
12:17
08/16/17
12:17
Hot Stocks
Breaking Hot Stocks news story on Store Capital, Invitation Homes »

Josh Browns names Store…

STOR

Store Capital

$24.98

0.47 (1.92%)

INVH

Invitation Homes

$23.11

0.17 (0.74%)

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  • 12

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$NSD

NASDAQ Market Internals

12:17
08/16/17
08/16
12:17
08/16/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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$NYE

NYSE Market Internals

12:16
08/16/17
08/16
12:16
08/16/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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