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LVS

Las Vegas Sands

$61.07

-1.1 (-1.77%)

, MGM

MGM Resorts

$31.91

-0.02 (-0.06%)

07:57
07/17/17
07/17
07:57
07/17/17
07:57

Goldman says capital flow scrutiny could hurt sentiment on Macau gaming names

Goldman Sachs analyst Simon Cheung noted reports that Macau's largest junket operator has distributed a memo to its customers advising that police have launched large-scale investigations into questionable cross-border money transfers. To avoid scrutiny, some players may gamble less, which could hurt gross gaming revenue momentum in the near-term, Cheung tells investors. More important, perhaps, will be whether this issue will structurally impair the money transfer mechanism and that investors may become more concerned about the space. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).

LVS

Las Vegas Sands

$61.07

-1.1 (-1.77%)

MGM

MGM Resorts

$31.91

-0.02 (-0.06%)

WYNN

Wynn Resorts

$130.42

-4.56 (-3.38%)

MLCO

Melco Resorts & Entertainment

$21.20

-0.45 (-2.08%)

  • 27

    Jul

LVS Las Vegas Sands
$61.07

-1.1 (-1.77%)

06/12/17
TLSY
06/12/17
NO CHANGE
TLSY
Macau estimates should continue to move higher, says Telsey Advisory
Telsey Advisory's contacts indicate the first 11 days of June's results indicate growth year-over-year of 29%-31% for the month, which is better than expected and supports the firm's view that estimates will continue to move higher heading into the quarterly reporting season. Telsey's analyst continues to see better leverage for Outperform rated Wynn Resorts (WYNN), with MGM Resorts (MGM) and Las Vegas Sands (LVS) also as beneficiaries.
05/19/17
JPMS
05/19/17
NO CHANGE
JPMS
Macau gaming regulator comments 'nothing new,' says JPMorgan
After local Chinese media quoted Paulo Chan, the director of Macau's gaming regulator, as having said that existing casino operators will have to "re-bid" for their concessions, JP Morgan analyst DS Kim said earlier that "this is nothing new" as he believes Chan was just clarifying legal terminology and statutory facts. Chan emphasized there isn't any new development regarding gaming concessions, which Kim thinks is the message he wanted to convey. Kim also said in a note issued prior to the open that his view remains that all six existing licenses will be renewed and no new license will be issued.
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).
MGM MGM Resorts
$31.91

-0.02 (-0.06%)

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.
WYNN Wynn Resorts
$130.42

-4.56 (-3.38%)

MLCO Melco Resorts & Entertainment
$21.20

-0.45 (-2.08%)

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

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HOG

Harley-Davidson

$49.96

1.32 (2.71%)

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Heavy call activity in Harley Davidson as shares rally »

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Atlanta Fed's final Q2 GDPNow estimate was boosted to 2.8% »

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VBIV

VBI Vaccines

$4.61

-0.03 (-0.65%)

12:25
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Conference/Events
VBI Vaccines to host conference call »

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

, AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

12:22
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Hot Stocks
Delta Air Lines to acquire 10% equity stake in Air France-KLM for EUR375M »

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DAL

Delta Air Lines

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AFLYY

Air France-KLM

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GG

Goldcorp

$12.88

-0.91 (-6.60%)

12:20
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Options
Repeat activity in GoldCorp after earnings »

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12:20
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General news
Treasury Option Action: heavy put activity »

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$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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Technical Analysis
NYSE market internals summary »

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W

Wayfair

$78.91

-0.4533 (-0.57%)

12:15
07/27/17
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Options
Wayfair put volume heavy and directionally bearish »

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  • 08

    Aug

TDOC

Teladoc

$31.78

-2.575 (-7.50%)

, AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

12:11
07/27/17
07/27
12:11
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12:11
Recommendations
Teladoc, Amazon.com analyst commentary  »

Teladoc selloff on Amazon…

TDOC

Teladoc

$31.78

-2.575 (-7.50%)

AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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SBUX

Starbucks

$57.94

-0.61 (-1.04%)

12:11
07/27/17
07/27
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12:11
Technical Analysis
Technical Earnings Preview: Starbucks in consolidation phase before news »

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AAPL

Apple

$153.46

0.72 (0.47%)

12:06
07/27/17
07/27
12:06
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12:06
Periodicals
Breaking Periodicals news story on Apple »

Apple to discontinue iPod…

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  • 01

    Aug

NTES

NetEase

$312.15

3.26 (1.06%)

12:05
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Options
NetEase call volume above normal and directionally bullish »

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  • 09

    Aug

WABC

Westamerica

$54.57

-1.82 (-3.23%)

12:04
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Hot Stocks
Westamerica announces announces stock repurchase plan »

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12:00
07/27/17
07/27
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12:00
General news
Treasury's $20 B 14-day cash management bill saw pretty good demand »

Treasury's $20 B…

INTC

Intel

$34.75

0.08 (0.23%)

12:00
07/27/17
07/27
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Periodicals
Intel sells four offices buildings, development center in Alameda, SVBJ says »

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HOG

Harley-Davidson

$49.03

0.39 (0.80%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

11:58
07/27/17
07/27
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11:58
Hot Stocks
Harley-Davidson jumps amid chatter of Tesla partnership »

The move higher in shares…

HOG

Harley-Davidson

$49.03

0.39 (0.80%)

TSLA

Tesla

$343.85

4.25 (1.25%)

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  • 02

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RYAM

Rayonier Advanced Materials

$15.72

-0.11 (-0.69%)

11:56
07/27/17
07/27
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Hot Stocks
Tembec shareholders approve deal with Rayonier Advanced Materials »

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  • 03

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TKC

Turkcell

$9.29

0.29 (3.22%)

11:55
07/27/17
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Hot Stocks
Breaking Hot Stocks news story on Turkcell 

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FOSL

Fossil

$10.83

-0.19 (-1.72%)

11:55
07/27/17
07/27
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11:55
Hot Stocks
Breaking Hot Stocks news story on Fossil »

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CSX

CSX

$52.06

0.5 (0.97%)

11:55
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Options
CSX put volume heavy and directionally bearish »

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  • 21

    Aug

EXPE

Expedia

$156.94

2.37 (1.53%)

11:54
07/27/17
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Periodicals
Expedia investing $350M in online travel portal Traveloka, The Information says »

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  • 27

    Jul

NVDA

Nvidia

$167.26

1.91 (1.16%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

11:54
07/27/17
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11:54
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11:54
Periodicals
House panel supports speeding self-driving car development, Reuters says »

A House panel voted 54-0…

NVDA

Nvidia

$167.26

1.91 (1.16%)

TSLA

Tesla

$343.85

4.25 (1.25%)

GOOG

Alphabet

$947.80

-2.9 (-0.31%)

GOOGL

Alphabet Class A

$965.31

-3.72 (-0.38%)

INTC

Intel

$34.75

0.08 (0.23%)

AAPL

Apple

$153.46

0.72 (0.47%)

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CA

CA Technologies

$34.65

-0.38 (-1.08%)

11:53
07/27/17
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11:53
Periodicals
CA Technologies, BMC Software merger talks end, WSJ reports »

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  • 02

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IP

International Paper

$57.37

0.975 (1.73%)

11:52
07/27/17
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Technical Analysis
Technical View: International Paper near highs of the day »

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