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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

TODAY'S FREE FLY STORIES

BMRN

BioMarin

$93.54

-1.12 (-1.18%)

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IBM

IBM

$160.45

13.905 (9.49%)

, ABT

Abbott

$56.00

0.9449 (1.72%)

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IBM

IBM

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ABT

Abbott

$56.00

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ANTM

Anthem

$193.45

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CVS

CVS Health

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CREE

Cree

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RXDX

Ignyta

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0.95 (7.09%)

AGN

Allergan

$188.67

-9.11 (-4.61%)

SVU

Supervalu

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-1.65 (-8.51%)

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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:29
10/18/17
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12:29
Earnings
BioMarin sees 2017 product revenue at mid-point of guidance »

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EQT

EQT Corporation

$62.94

-0.3799 (-0.60%)

12:25
10/18/17
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12:25
Options
EQT Corporation call volume above normal and directionally bullish »

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NLSN

Nielsen

$41.06

1.06 (2.65%)

, LGF

Use LGF.A, LGF.B

12:20
10/18/17
10/18
12:20
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12:20
Hot Stocks
Nielsen to independently measure subscription-based streaming content. »

Nielsen announced that…

NLSN

Nielsen

$41.06

1.06 (2.65%)

LGF

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DIS

Disney

$97.64

-0.7161 (-0.73%)

TWX

Time Warner

$101.12

-0.34 (-0.34%)

NFLX

Netflix

$199.48

-3.2 (-1.58%)

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$NSD

NASDAQ Market Internals

12:17
10/18/17
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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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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:10
10/18/17
10/18
12:10
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12:10
Downgrade
MobileIron rating change  »

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MBI

MBIA

$7.08

0.07 (1.00%)

12:10
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Options
Far downside put buyer in MBIA opens a notable new position »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:07
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12:07
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12:07
Downgrade
MobileIron rating change  »

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STLD

Steel Dynamics

12:06
10/18/17
10/18
12:06
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12:06
Technical Analysis
Technical Earnings Preview: Steel Dynamics has a potential bullish pattern »

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    Oct

DANOY

Danone

$16.67

0.3 (1.83%)

12:05
10/18/17
10/18
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12:05
Hot Stocks
Danone names Emmanuel Faber as both Chairman and CEO »

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NFLX

Netflix

$199.48

-3.2 (-1.58%)

12:00
10/18/17
10/18
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12:00
Options
Large four-way option spread in Netflix as shares slump for a second day »

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  • 22

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12:00
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General news
Treasury Action: TIPS are weaker »

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ADBE

Adobe

$150.38

-0.08 (-0.05%)

11:55
10/18/17
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Hot Stocks
Adobe announces acquisition of KyleBrush.com; terms not disclosed »

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GMLP

Golar LNG Partners

$22.98

-0.08 (-0.35%)

11:50
10/18/17
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Options
Notable call write in Golar LNG Partners »

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FX Action: USD-JPY »

FX Action: USD-JPY…

IPXL

Impax

$19.30

-0.65 (-3.26%)

11:45
10/18/17
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11:45
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11:45
Conference/Events
Impax management to meet with Deutsche Bank »

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BITCOIN

Bitcoin

11:44
10/18/17
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Hot Stocks
Bitcoin falls after release of CFTC report on virtual currencies »

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EBAY

eBay

$37.49

-0.28 (-0.74%)

, SHOP

Shopify

$98.14

1.93 (2.01%)

11:41
10/18/17
10/18
11:41
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11:41
Earnings
On The Fly: What to watch in eBay earnings report »

eBay (EBAY) is scheduled…

EBAY

eBay

$37.49

-0.28 (-0.74%)

SHOP

Shopify

$98.14

1.93 (2.01%)

AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

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XOP

SPDR Oil Exploration and Production Fund

$33.41

-0.26 (-0.77%)

11:40
10/18/17
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Options
Hefty put spread in SPDR Oil Exploration and Production ETF »

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General news
Atlanta Fed's Q3 GDPNow estimate was unchanged at 2.7% »

Atlanta Fed's Q3…

HLF

Herbalife

$76.52

-1.06 (-1.37%)

11:35
10/18/17
10/18
11:35
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11:35
Options
Herbalife put volume heavy and directionally bearish »

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AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

, NFLX

Netflix

$199.48

-3.2 (-1.58%)

11:26
10/18/17
10/18
11:26
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11:26
Hot Stocks
Amazon Studios head Roy Price officially resigns amid harassment claims »

Shares of Amazon.com…

AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

NFLX

Netflix

$199.48

-3.2 (-1.58%)

AAPL

Apple

$160.47

0.59 (0.37%)

CMCSA

Comcast

$36.47

-0.14 (-0.38%)

CMCSK

Comcast

DIS

Disney

$97.79

-0.57 (-0.58%)

FOX

21st Century Fox

$26.22

0.12 (0.46%)

FOXA

21st Century Fox

$26.88

0.19 (0.71%)

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CF

CF Industries

$36.41

-0.59 (-1.59%)

11:25
10/18/17
10/18
11:25
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11:25
Options
CF Industries call volume above normal and directionally bullish »

Bullish option flow…

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