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MGM

MGM Resorts

$25.20

0.94 (3.87%)

08:49
01/03/19
01/03
08:49
01/03/19
08:49

MGM Resorts to enter New York and Ohio markets

Jim Murren, Chairman and CEO said, "We had a solid finish to the year in 2018, and as we look to 2019 and beyond, we remain confident in the ramp of our newly opened properties MGM COTAI, MGM Springfield, Park MGM and NoMad Las Vegas. We will enter two attractive markets in New York and Ohio. We will continue to work toward cementing MGM Resorts as the leader in sports, following the milestones achieved in 2018 with GVC and the professional sports leagues. We remain focused on pursuing an integrated resort opportunity in Japan. MGM 2020 reinforces our commitment to increasing margins and maximizing profitability."

  • 04

    Jan

  • 07

    Jan

MGM MGM Resorts
$25.20

0.94 (3.87%)

12/05/18
UBSW
12/05/18
NO CHANGE
UBSW
UBS now sees Macau gross gaming revenue declining in 2019
UBS analyst Robin Farley lowered her 2019 Macau gross gaming revenue forecast to down 1% from up 5% previously. Her 2020 GGR estimate is now up 4% from a prior estimate of up 8%. Despite better than expected revenue in November, likely due to hold fluctuations, the lower estimates are driven by weaker VIP and premium demand amid heightened risk to the macroeconomic outlook in China, Farley tells investors in a research note partially titled "More Visitors Spending Less." She raised her price target for Neutral-rated Wynn Resorts (WYNN) to $113 from $108 while lowering her targets for Neutral-rated MGM Resorts (MGM) to $30 from $32 and Neutral-rated Melco Resorts & Entertainment (MLCO) to $19.50 from $21.60. The analyst also keeps a Neutral rating on Las Vegas Sands (LVS).
12/03/18
MSCO
12/03/18
NO CHANGE
MSCO
Overweight
Xi-Trump truce should ease some Macau concerns, says Morgan Stanley
Morgan Stanley analyst Thomas Allen believes that the constructive outcome from the G-20 meeting of Presidents Trump and Xi should be a positive for both Las Vegas Sands (LVS) and Wynn Resorts (WYNN), as he believes a thawing of trade tensions should ease some concerns around Macau concession renewals. Macau stocks have also been weighed down by slowing demand and concerns around the China consumption backdrop, but there have been positive updates on that front too, said Allen, who noted that Las Vegas Sands continues to be his preferred play on Macau. He keeps Overweight ratings on Las Vegas Sands and MGM Resorts (MGM), but does not view MGM as the same type of China proxy given its less than 20% Macau mix. Allen keeps an Equal Weight rating on Wynn shares.
11/15/18
BERN
11/15/18
INITIATION
Target $28
BERN
Market Perform
MGM Resorts initiated with a Market Perform at Bernstein
Bernstein analyst Vitaly Umansky started MGM Resorts with a Market Perform rating and $28 price target. The analyst notes that over the last five years, gaming stocks have gone through periods of significant underperformance, followed by significant outperformance. The last six months have been exceptionally difficult for gaming stocks as Macau growth has begun to decelerate following nearly two years of strong growth and Las Vegas has seen unexpected near-term softness, he contends. However, Umansky argues that the gaming space has shown that if investors pick the right market, the right company, at the right time, outsized returns are possible.
11/08/18
ROTH
11/08/18
NO CHANGE
Target $140
ROTH
Buy
Wynn Resorts price target lowered to $140 from $210 at Roth Capital
Roth Capital analyst David Bain lowered his price target for Wynn Resorts (WYNN) to $140 from $210 as he believes Q4 Macau EBITDA guidance of between $304M-$340M versus $400M consensus exposes VIP/high-end play volatility in Macau and downside risks in the current China economy. While Wynn is the most exposed to VIP weakness in Macau, the analyst believes commentary stops the small momentum other Macau names were beginning to build since Las Vegas Sands (LVS) and MGM Resorts (MGM) reported earnings. He reiterates a Buy rating on Wynn's shares.

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Alibaba

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TORC

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-6.58 (-82.98%)

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VRSN

VeriSign

$186.74

-0.36 (-0.19%)

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Under Armour says 'always in compliance' with GAAP amid scrutiny »

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NVDA

Nvidia

$204.28

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BTC

Bitcoin

$0.00

(0.00%)

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$0.00

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Nvidia

$202.92

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Overstock.com

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AMD

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$39.05

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DPW

DPW Holdings

$1.16

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KODK

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  • 20

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PPL

PPL Corp.

$33.72

0.1 (0.30%)

10:30
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Options
Size call spread in PPL Corp reloads short calls »

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NFLX

Netflix

$292.26

2.58 (0.89%)

, HPQ

HP Inc.

$20.13

0.01 (0.05%)

10:29
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Netflix, HP Inc., Aramark analyst commentary  »

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$20.13

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ARMK

Aramark

$43.38

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Wolfe Research tech strategist to hold analyst/industry webcast »

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DTIL

Precision BioSciences

$11.35

-0.45 (-3.81%)

10:25
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Conference/Events
Precision BioSciences participates in a conference call with BTIG »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

10:20
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Options
Put sale in VIX appears to exit two-week position for 64% gain »

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10:20
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The September business inventory report undershot estimates »

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AMRN

Amarin

$22.68

1.19 (5.54%)

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$NSD

NASDAQ Market Internals

$0.00

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PAYS

Paysign

$10.74

-0.53 (-4.70%)

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Wabtec

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MITK

Mitek Systems

$7.35

-0.35 (-4.55%)

, AGCO

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$80.01

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MITK

Mitek Systems

$7.35

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AGCO

Agco

$80.01

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GPOR

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$2.84

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CNP

CenterPoint Energy

$25.31

-1.37 (-5.13%)

NVDA

Nvidia

$204.18

-5.7 (-2.72%)

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  • 20

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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NYSE market internals summary »

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QCOM

Qualcomm

$92.55

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, AMAT

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QCOM

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AMAT

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$61.45

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GRUB

GrubHub

$38.99

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BCRX

BioCryst

$1.65

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NVDA

Nvidia

$204.69

-5.19 (-2.47%)

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AM

Antero Midstream

$5.34

-0.035 (-0.65%)

10:15
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11/15
10:15
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10:15
Options
Antero Midstream put volume heavy and directionally bearish »

Bearish flow noted in…

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10:10
11/15/19
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10:10
General news
U.S. business inventories were flat in September, with sales slipping -0.2% »

U.S. business inventories…

FBHS

Fortune Brands

$63.32

0.18 (0.29%)

10:09
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10:09
Downgrade
Fortune Brands rating change  »

Fortune Brands downgraded…

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AMRN

Amarin

$22.66

1.17 (5.44%)

10:05
11/15/19
11/15
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10:05
Options
Amarin call volume above normal and directionally bullish »

Bullish option flow…

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  • 28

    Dec

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General news
The industrial production report sharply undershot estimates »

The industrial production…

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