Posts for Ticker ‘WYNN’

Melco Crown Outlines IPO Risks at Las Vegas Sands, MGM Too (MPEL, LVS, MGM, WYNN)

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is holding up better than many might have expected after the stellar rise seen in the casino stocks with Macau ties.  Melco Crown turned a wider loss over a year ago, despite a 70% revenue rise.  The loss was on a net basis rather than operating basis on higher depreciation and related expenses as well accounting for interest payments from the City of Dreams project.  This has implications for the coming Las Vegas Sands Corp. (NYSE: LVS) IPO, and possibly even for MGM Mirage (NYSE: MGM) after Wynn Resorts Ltd. (NASDAQ: WYNN) managed its IPO for Macau.
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Posted on: November 17, 2009 – 4:12 pm in Casinos, China, Earnings, IPOs, , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (ADBE, FDX, JNPR, LVS, MSFT, ORCL, QCOM, CRM, NCTY, WYNN)

These are this Friday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Adobe Systems (NASDAQ: ADBE) Started as Buy at UBS.
FedEx (NYSE: FDX) Started as Overweight at Piper Jaffray.
Juniper Networks (NASDAQ: JNPR) Raised to Outperform at Oppenheimer.
Las Vegas Sands (NYSE: LVS) Started as Buy at Deutsche Bank.
Microsoft Corporation (NASDAQ: MSFT) Started as Buy at UBS.
Oracle Corp. (NASDAQ: ORCL) Started as Buy at UBS.
QUALCOMM Inc. (NASDAQ: QCOM) Raised to Outperform at Wells Fargo.
Salesforce.com (NYSE: CRM) Started as Neutral at UBS.
The9 Ltd (NASDAQ: NCTY) Cut to Neutral at JPMorgan.
Wynn Resorts Ltd. (NASDAQ: WYNN) Started as Buy at Deutsche Bank.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 13, 2009 – 7:59 am in Analyst Calls, Technology Companies, , , , , , , , , ,

Les Vegas Sands Wins on Cost Cuts (LVS, WYNN)

Money ImageWynn Resorts Ltd. (NASDAQ: WYNN) may have set a high bar for Las Vegas Sands Corp. (NYSE: LVS) and its earnings report today, but cost cuts helped the company to beat its estimates. Las Vegas Sands  reported GAAP net income of $62.4 million, but the non-GAAP operating income was $0.03 EPS and revenue was $1.14 billion.  Thomson Reuters had estimates pegged at -$0.01 EPS and $1.17 billion in revenues.  That is another instance of cost savings helping the bottom-line more than the top-line seeing improvements.

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Posted on: October 29, 2009 – 4:13 pm in Casinos, Earnings, Entertainment, ,

Top 10 Analyst Upgrades, Downgrades, Initiations (AKS, APOL, BP, CRDN, RX, SNDK, STI, TGT, TXN, WYNN)

These are this Wednesday’s top 10 seen analyst upgrades, downgrades and initiations which we have seen from Wall Street research calls:

AK Steel (NYSE: AKS) Raised to Buy at Citigroup.
Apollo Group (NASDAQ: APOL) Cut to Neutral at BofA/Merrill.
BP plc (NYSE: BP) Cut to Hold at Citigroup; Raised to Neutral at Goldman Sachs.
Ceradyne (NASDAQ: CRDN) Raised to Market Perform at Wells Fargo.
IMS Health (NYSE: RX) Cut to Underperform at BofA/Merrill
SanDisk (NASDAQ: SNDK) Cut to Neutral at Goldman Sachs.
SunTrust (NYSE: STI) Raised to “Top Picks” list at Citigroup.
Target Corp. (NYSE: TGT) Raised to Buy from Sell at Citigroup.
Texas Instruments (NYSE: TXN) Raised to Buy at Goldman Sachs.
Wynn Resorts Ltd. (NASDAQ: WYNN) Raised to Outperform at Oppenheimer.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 28, 2009

Posted on: October 28, 2009 – 7:29 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (AGNC, BIDU, BLDP, ICGN, WYNN)

These are this morning’s top day trader alert stocks on unusual trading volume and price action.  We have provided a link through to each stock at VSInvestor.com with more details on price and volume analysis.

American Capital Agency Corp. (NASDAQ: AGNC) is a top loser this morning in percentages after a secondary offering well below the closing price.

Baidu, Inc. (NASDAQ: BIDU) is getting crushed by almost 20%.  It beat EPS targets but revenue was light and revenue guidance  was light.

Ballard Power Systems Inc. (NASDAQ: BLDP) is down 8% after poor guidance.

Icagen, Inc. (NASDAQ: ICGN) is down 20%, half of its -40% last night, after dropping its asthma aspirations on poor study results.

Wynn Resorts Ltd. (NASDAQ: WYNN) is trading all over the place… +2% then -2.8% after earnings.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg

Posted on: October 27, 2009 – 8:52 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , ,

Next Week’s Top 10 Earnings (VZ, APOL, VLO, V, WYNN, COP, FSLR, CME, XOM, PG)

NYSE Floor ImageThis week was the crest of 2009 third quarter earnings season.  We still have a flood of reports next week and picking a mere top ten earnings to watch was very unfair to many key stocks.  But the ten earnings we have flagged as the top ten for next week are Verizon Communications Inc. (NYSE: VZ), Apollo Group Inc. (NASDAQ: APOL), Valero Energy Corp. (NYSE: VLO), Visa, Inc. (NYSE: V), Wynn Resorts Ltd. (NASDAQ: WYNN), ConocoPhillips (NYSE: COP), First Solar, Inc. (NASDAQ: FSLR), Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), ExxonMobil Corporation (NYSE: XOM) and Procter & Gamble Company (NYSE: PG).  We have included Thomson Reuters consensus data for earnings and revenue estimates and added color on each where applicable.
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Posted on: October 23, 2009 – 1:21 pm in Alternative Energy, Calendar, Earnings, Oil & Gas, , , , , , , , , ,

Macau: The New Las Vegas

TVBased on industry figures, Las Vegas casinos will only bring in about $4.8 billion this year.

Receipts in Macau rose 22% to $3.8 billion in the third quarter. While casino companies lose money in Nevada, their counterparts in Asia are making a fortune.

Several US casino companies have raised money in IPOs in China. Wynn (NASDAQ:WYNN) recently netted $1.6 billion for selling 25% of its Macau operation to the public. Investors think the play on China’s southern coast is that good. Read More »

Posted on: October 21, 2009 – 6:08 am in Industry,

Today’s Best Market Rumors (10/13/2009) (STIC)(LVLT)(LVS)(ENER)(GE)(SNI)

newspaperUpdated throughout the day.

Updated 3.14 PM EST:  STIC (NASDAQ:STIC) dropping on rumors that Sun (NASDAQ:JAVA) database applications may hurt STIC sales  (Barron’s)

Updated 3.11 PM EST:  Level 3 (NASDAQ:LVLT) is surging on heavy volume on buy-out rumors.  (various)

Updated 12:30 PM EST: ITT options trading is active on trader talk of takeover rumors. Shares are up 3% at $53.02.

Updated  10.40 AM EST  “Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week.”  (Reuters)

Update  8.15 AM EST  Scripps Interactive (NYSE:SNI) may be a buy-out target (PaidContent)

The four biggest US banks by assets may have to take on $55 billion of mortgage-collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.  (NYPost) Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Wells Fargo  (NYSE:WFC), and Citigroup (NYSE:C).

CIT (NYSE:CIT) may be closer to a bankruptcy  (Reuters)

Energy Conversion Devices (NASDAQ:ENER) may be a buy-out target with Applied Materials (NASDAQ:AMAT) as the possible bidder.

Users of Apples (NASDAQ:AAPL) Snow Leopard software have been losing personal data.  (CNET)

GE (NYSE:GE) may eventually get rid of its entire stake in NBC Universal and Comcast (NASDAQ:CMCSA) may have to spend billions of dollars to effect that.  (AP)

Macau may curb growth of the gambling industry which would hurt prospects for Las Vegas Sands (NYSE:LVS) and Wynn (NASDAQ:WYNN)  (Reuters)

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

Douglas A. McIntyre

Posted on: October 13, 2009 – 8:06 am in Rumors, , , , , , , , , , , , , ,

Regulatory Risks Hit Macau Casinos (WYNN, LVS, MPEL)

Burning Money PicNews out of Macau, China is crushing some of the gambling stocks that have direct operations in Macau.  It looks like the Chinese are considering curbing the number of gambling tables, the minimum age of gamblers that can enter the casinos, and other potential restrictions, according to the Wall Street Journal’s Asia reports.  While the full details and full implications are not yet out, Wynn Resorts Ltd. (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), and Melco Crown Entertainment Ltd. (NASDAQ: MPEL) are all getting hit on the reports.
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Posted on: October 12, 2009 – 1:44 pm in ADR, Casinos, China, Regulation, , ,

Media Digest (10/9/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Chinese investors are holding a large amount of gold.

Reuters:   Bernanke sees tighter policies as the economy improves.

Reuters:   The Congressional Oversight Panel says that the US plan to help homeowners with mortgages is not enough.

Reuters:   The FDIC questioned a review of Citigroup (NYSE:C) management. Read More »

Posted on: October 9, 2009 – 3:54 am in Press Digest, , , , , , , , , , , , , , , , , , , ,

Today’s Best Market Rumors (10/7/2009) (NOK)(AAPL)(JPM)(GE)(WYNN)

newspaperUpdated throughout the day.

Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year.  Source today is from WSJ, but ask this… How many phone and consumer electronics announcements have been rumored on Dell?

Updated 1.36 PM EST:  Pimco left the bondholders steering committee at CIT (NYSE:CIT) last month  (CNBC)

Updated 12.45 PM:  Polycom (NSADAQ:PLCM) could be taken over by Hewlett-Packard (NYSE:HPQ) or Dell (NASDAQ:DELL). Interdigital (NASDAQ: IDCC) could be bought by Nokia (NYSE:NOK) and ValueClick (NASDAQ:VCLK) could be taken over by any one of a number of companies.  (Barron’s)

Updated 12.41 PM:   GM head of American sales leaves amid talk that car company CFO may be next  (CNNMoney)

Update 10.50 AM EST:  Congress may pass a bill which will require that public companies split the roles of chairman and CEO.  (MarketWatch)

Thomson Reuters (NYSE:TRI) may be involved in the bidding for McGraw-Hill’s (NYSE:MHP) BusinessWeek working jointly with Zelnick Media. Strauss Zelnick is on the boards of Blockbuster (NYSE:BBI) and Take-Two Interactive (NASDAQ:TTWO)  (PaidContent).

Citigroup (NYSE:C) may sell it Philbro unit which is paying its chief $100 million  this year.  (CNBC)

Bank of America (NYSE:BAC) has narrowed its list of CEOs to two people  (WSJ).

Foxconn has a deal to make 300,000 to 400,000 Apple (NASDAQ:AAPL) tablet PCs to ship in Q1  (DigiTimes)

Collins Stewart believes that Google (NASDAQ:GOOG) and Yahoo! (NASDAQ:YHOO) are on the lookout for acquisitions. (The Deal).

Share sales by Steve Wynn, head of Wynn (NASDAQ:WYNN), and his COO may be” a canary in the coal mine to other investors to take some profits on the gains in this sector since the March lows.” That would include MGM (NYSE:MGM) and Las Vegas Sands (NYSE:LVS)  (TheStreet.com)

Private equity firms Bain Capital and THL Partners are asking banks that supported their buy-out of Clear Channel Communications to help restructure the firm’s debt. Those banks include Citigroup (NYSE:C), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), and Morgan Stanley (NYSE:MS).  (NYPost)

News Corp (NYSE:NWS) CEO Rupert Murdoch is in Japan and South Korea and may be discussing partnerships to build a rival product to the Amazon (NASDAQ:AMZN) Kindle.  (Reuters)

Vivendi will discuss selling its 20% stake in GE’s (NYSE:GE) NBCU at its October 19 board meeting to allow a transaction with Comcast (NADSAQ:CMCSA) which would involve the cable company getting control of media firm.  (BusinessWeek)

JPMorgan (NYSE:JPM) executive  Heidi Miller could be in the running for the CEO job at Bank of America. (The Big Money)

Douglas A. McIntyre

Posted on: October 7, 2009 – 9:22 am in Rumors, , , , , , , , , , , , , , , , , , , , , , , , , , ,

Media Digest 10/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Ken Lewis will step down as CEO of Bank of America (BAC)

Reuters:   Cisco (CSCO) bought Tandbeg  for $3 billion.

Reuters:   The IMF raised forecasts for US GDP but warned on its growing debt.

Reuters:   Turnaround experts say the collapse of CIT (CIT) would be a mess. Read More »

Posted on: October 1, 2009 – 4:08 am in Press Digest, , , , , , , , , , , , , , , , , ,

Media Digest 9/30/2009 Reuters, WSJ, NY Times, FT, Bloomberg

newspaperReuters:   China celebrated 60 years of communist rule as a capitalist economy.

Reuters:   The IMF cut global debt write-offs to $3.4 trillion.

Reuters:   CIT (CIT) is close to a deal to give the company to bondholders. Read More »

Posted on: September 30, 2009 – 4:04 am in Press Digest, , , , , , , , , , , , , , , ,

Media Digest 9/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Obama is asking the G 20 to reshape the global economy.

Reuters:   Congress will demand details of the Bank of America/Merrill Lynch deal.

Reuters:   Holiday spending is expected to be flat.

Reuters:   It may be too late to catch the turnaround in eBay’s (EBAY) stock. Read More »

Posted on: September 21, 2009 – 4:01 am in Press Digest, , , , , , , , , , ,

Top Analyst Upgrades (COF, EBAY, GS, JBLU, LTM, MA, SNDK, UPS, WYNN)

There are still many upgrades coming considering the light and shortened week.  These are this Wednesday’s top early bird analyst upgrades and positive research calls that we have seen:

Capital One (COF) Raised to Buy at Citi.
eBay (EBAY) Raised to Outperform at Bernstein.
Goldman Sachs (GS) Raised to Outperform at JMP Securities.
Jetblue (JBLU) Raised to Buy at Argus.
Life Time Fitness (LTM) Started as Buy at Jefferies.
Mastercard (MA) Raised to Hold at Citi.
SanDisk (SNDK) Raised to Buy at Deutsche Bank.
UPS (UPS) Raised to Overweight at JPMorgan.
Wynn Resorts (WYNN) Raised to ‘Perform’ at Oppenheimer.

JON C. OGG

Posted on: September 9, 2009 – 8:18 am in Analyst Calls, , , , , , , , ,

Media Digest 8/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   A bubble may be forming in the corporate bond market.

Reuters:   Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP Morgan (JPM) and Blackstone (BX) could get large fees.

Reuters:   A judge would not approve an SEC settlement with Bank of America (BAC) Read More »

Posted on: August 6, 2009 – 3:58 am in Press Digest, , , , , , , , , , , , , , , , , , , , , ,

Wynn vs. Las Vegas Sands, A Tale of Two Casinos (WYNN, LVS)

Money Stack ImageToday we had earnings from casino rivals Wynn Resorts Ltd. (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS).  While many consider these companies very similar for having higher-end operations and Macau operations or ambitions, these two earnings reports and the reactions are rather different.
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Posted on: July 30, 2009 – 5:01 pm in Casinos, Earnings, Entertainment, ,

Casino Earnings Duel: Wynn vs Las Vegas Sands (WYNN, LVS)

Money Stack ImageWe have two very pertinent earnings this week for casino and resort investors from rivals Wynn Resorts, Limited (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS).

Wynn will release results for the June 30 quarter on Thursday followed by a conference call at 12:00 PM EST (9:00 AM Pacific).  Las Vegas Sands Corp. will release its second quarter results after the close on Thursday as well, with a conference call at 4:30 PM EST.  Below is the formal data for this round of earnings along with estimates, performance, chart data, options analysis, and more.
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Posted on: July 28, 2009 – 3:23 pm in Casinos, Earnings, Entertainment, ,

Media Digest 7/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   A tech alliance between China and Taiwas is hurting Korea.

Reuters:   Spple (AAPL) easily beat forecasts.

Reuters:   CIT (CIT) still faces a number of financial challenges.

Reuters:   Yahoo!’s (YHOO) outlook was below expectations.

Reuters:   Bernanke says unemployment could hurt the recovery. Read More »

Posted on: July 22, 2009 – 2:59 am in Press Digest, , , , , , , , , , , , , , , , , ,

Media Digest 7/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Microsoft (MSFT) is putting more R&D in India.

Reuters:   CIT (CIT) confirmed that it rasied $3 billion.

Reuters:   Bernanke said Fed can control inflation.

Reuters:   California lawmakers agreed to a state budget.

Reuters:   Small business  groups are  seeking help to keep companies afloat.

Reuters:    TI (TXN) profits and outlook beat expectations. Read More »

Posted on: July 21, 2009 – 2:53 am in Banking, Compensation, Drug companies, Earnings, Healthcare, Housing, Internet, Media, Oil & Gas, Old Media, Press Digest, Research, , , , , , , , , , , , , , , , , , ,