avb911t: you do realize that Boston doesn't want WYNN don't you. Since the casino won't be IN Boston, Boston doesn't want it built (in nearby Everett). Another WYNN headache.
Estimates for EMR's first quarter sales are for 5.60 billion, down from last years 5.81 billion. Estimates aren't looking any better for quarter two. The strong dollar and heavy sales to the oil patch are doing EMR no favors.
EMR hit a 52 week low today. I guess the strong dollar and EMR's significant oil patch business ensure poor earnings results for the first half of 2015, as judging by the stock action.
With MAT hitting 52 week lows, it appears institutions do not want to show MAT in their first quarter holdings. Next week, with quarter one in the rear view mirror, buying into MAT might begin.
Selling today at 24 and change, MAT is oversold. It's selling at an eight year low. The problems they have will eventually be fixed. The dividend is six per cent. If they cut it by 25% it will still be above average In a worst case scenario, cutting it by half will still result in a 3% yield. Money is often made by buying an out of favor company at a distressed price, rather than trying to chase a company whose stock has been bid way up, MAT fits the bill if you are bottom fishing for a decent company at a better than decent price.
Lionsgate should drop the word "Lionsgate" from its new"Premiere" motion pictures. They should just be labeled "Premier". Putting out B grade movies with "Lionsgate" in the title is bad policy. Viewers seeing these less than stellar "Lionsgate" movies will equate the brand as substandard. It's not too late to change this. If not changed, it will do damage to the "Lionsgate " brand.
Now that EMR admitted sales are declining, the overpriced analyst community has finally projected that this years earnings will be below last years. What a joke. Had they figured this out six or three months ago and informed everyone, they might have deserved their pay. But to wait until the company speaks, and the stock price has declined, makes them less than irrelevant. They are a waste of money.
Within the last week, large block sales of LGF have occurred. If LGF was set to announce a couple of quarters of good earnings, I believe these sales would have been postponed.
At 3:30 today STLD stock is down about 13% from its price in the latter part of February, with no news whatsoever regarding STLD or the industry it's in. This selloff is overblown, as good economic news is good for the steel industry. It's not a utility or phone company.
Prior to today, I had read somewhere that EMR had the largest exposure to the oil patch among the big stocks thought of as industrials.
Today it was announced that industrial production in the U.S. declined last quarter for the first time since 2009. In addition, the dollar is rallying today. For EMR to be up today, is impressive, especially since EMR earlier warned that sales are slowing. Making sense of the gyrations of this stock, which often does the opposite of conventional thinking, is difficult.
$138.11 was Wynn's January low. The stock is trading currently ten dollars above January's low, in spite of poor earnings being reported yesterday, with guidance appearing neutral at best. The dividend sustainability talk in yesterdays conference call also was not very encouraging. Look for a retest of January's lows.
A few months ago, consensus earnings for the current quarter were for 2.10 per share. Now they are for 1.60 per share. If WYNN's earnings miss the 1.60 level the way they missed last quarters consensus earnings level, watch out below. The talk is things may improve in Macau in the last half of this year. I don't see anything anywhere to believe that anything good will come out of the current quarter however. Macau and Vegas will disappoint, and Everett MA is still up in the air.