U.S. Markets closed

Today's Research Reports on Trending Tickers: Wynn Resorts and Las Vegas Sands

NEW YORK, NY / ACCESSWIRE / November 27, 2018 / Wall Street closed up on Monday as oil prices stabilized and giant tech stocks such as the FAANG (Facebook, Amazon, Apple, Netflix and Google-parent Alphabet), bounced after last week’s selloff. The Dow Jones Industrial Average jumped 1.46 percent to close at 24,640.24, while the S&P 500 Index gained 1.55 percent to close at 2,673.45. The Nasdaq Composite Index advanced 2.06 percent to close at 7,081.85.

Ilya Feygin, senior strategist at WallachBeth Capital, said that, "Last week there was a lot of indiscriminate selling, it's almost too late to sell some of these tech names. They've gotten down to a point where companies like Facebook are trading around 18 times earnings, which is not too far from the market multiple."

"Some of these names needed to bounce a bit," Feygin added.

The Market Edge Initiates Coverage on:

Wynn Resorts, Ltd.
https://marketedgereport.com/report/WYNN/

Las Vegas Sands Corp.
https://marketedgereport.com/report/LVS/

Wynn Resorts’ stock jumped 6.89% Monday, to close the day at $111.52. The stock recorded a trading volume of 2,741,831 shares, which was below its three months average volume of 3,019,514 shares. In the last year, Wynn Resorts’ shares have traded in a range of 92.50 - 203.63. The share price has gained 20.56% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $107.46 is below its 200-day moving average of $146.36. Shares of the company are trading at a Price to Earnings ratio of 19.68. Shares of Wynn Resorts have gained roughly 10.95 percent in the past month and are down 33.85 percent year-to-date.

Access The Market Edge's Wynn Resorts, Ltd. Research Report:
https://marketedgereport.com/report/WYNN/

On Monday, shares of Las Vegas Sands recorded a trading volume of 6,796,154 shares, which was above the three months average volume of 5,359,406 shares. The stock ended the day 7.29% higher at $54.44. The share price has fallen 33.16% from its 52 week high with a 52 week trading range of 48.64 - 81.45. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $54.07 is below its 200-day moving average of $66.70. Shares of the company are trading at a Price to Earnings ratio of 11.33. Shares of Las Vegas Sands have gained roughly 3.91 percent in the past month and are down 21.66 percent year-to-date.

Access The Market Edge's Las Vegas Sands Corp. Research Report:
https://marketedgereport.com/report/LVS/

Our Actionable Research on Wynn Resorts, Ltd. (NASDAQ : WYNN ) and Las Vegas Sands Corp. (NYSE : LVS ) can be downloaded free of charge at The Market Edge.

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SOURCE: The Market Edge