|Bid||9.28 x 45900|
|Ask||9.83 x 42300|
|Day's Range||9.31 - 9.49|
|52 Week Range||5.84 - 13.54|
|Beta (3Y Monthly)||2.23|
|PE Ratio (TTM)||22.98|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.15|
"Market conditions are changing. The continued rise in interest rates suggests we are in the early stages of a bond bear market, which could intensify as central banks withdraw liquidity. The receding tide of liquidity will start to reveal more rocks beyond what has been exposed in emerging markets so far, and the value of […]
Caesars (CZR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What's interesting about Zynga (NASDAQ:ZNGA) over the past few years is that everyone got the stock wrong. That's true from a broad standpoint: ZNGA stock has nearly tripled from early 2016 levels.Source: Shutterstock But it's also true looking more closely at both Zynga bulls and bears. When Zynga stock sat near $2, bulls pointed to the company's huge cash balance, which at times cleared one billion dollars; its wholly-owned headquarters in San Francisco, which ostensibly could be sold; the Empires & Allies game; and its 2014 acquisition of NaturalMotion.Bears (myself included, in the interest of full disclosure) saw Zynga Poker as doomed to follow the declines of older franchises like FarmVille and Mafia Wars, as the company adapted to declining game usage on the Facebook (NASDAQ:FB) platform.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBears obviously have been wrong on the games in particular: Zynga Poker remains the company's top game, according to the 10-K. But the bull case hasn't really played out, either. * 10 Stocks to Sell Before They Give Back 2019 Gains While ZNGA backers were looking at the asset base, the company under former Electronic Arts (NASDAQ:EA) executive Frank Gibeau has ground out an impressive, old-fashioned turnaround. Empires & Allies has been discontinued, and NaturalMotion's CSR2 has been decent but not spectacular. Cost controls, better execution, and smart capital allocation have driven earnings higher - and the Zynga stock price along with it.Now, however, the turnaround is over, as even Zynga management wrote in the company's Q4 shareholder letter. And the question becomes: what now? ZNGA Stock ValuationThe case for ZNGA stock is that valuation is reasonable and growth is on the way. Valuation is a little tricky given that Zynga generates enormous amounts of deferred revenue that wind up being excluded from its profits. The company is guiding for an increase of some $200 million in deferred revenue in 2019: cash that will be brought in from player fees, but won't be recognized as revenue until 2020 and beyond.Still, it appears that ZNGA stock is reasonably valued. Guidance suggests bookings (reported revenue plus the change in deferred revenue) should rise some 39% in 2019. Margins are going to see some pressure, owing in part to upfront investments in research and development. But excluding the deferred revenue shift, adjusted EBITDA seems like it should come in around $250 million or so in 2019.That's a roughly 15-16x EV/EBITDA multiple which is high, but not terribly so in the context of the gaming space. Next year's consensus EPS estimates of $0.26 suggest a roughly 20x multiple, backing out the company's net cash.Valuation obviously is quite different than it was a few years ago. In 2015-2016, the case for ZNGA stock was that value of the assets created a 'floor' under the stock. Now, investors are valuing the business at several billion dollars, which makes some sense. The Case for Zynga StockAfter all, Zynga now has a base on diversified, stable franchises and growth opportunities arriving in the second half. The company claims five "forever" franchises: Words with Friends, Zynga Poker, CSR2, Merge Dragons!, and Empires & Puzzles. All five have held up well for years now and guidance suggests overall bookings for the group should grow in the first half.With the turnaround complete, Zynga now is looking toward new efforts. Per the shareholder letter, new games are coming based on Game of Thrones, Harry Potter, and Star Wars. CityVille and FarmVille are getting new offerings as well.The argument from bears for some time was that eventually, the "forever" franchises would crack. Zynga still generates around 20% of revenue from casino-type games and 15% from Zynga Poker. It seemed likely that at some point users would tire of those games but that hasn't been the case. Overall slots bookings were up modestly in Q4 2018, and represented 21% of the total.That performance has been echoed elsewhere: Caesars Entertainment (NASDAQ:CZR) sold its slot business at an attractive valuation. International Game Technology (NYSE:IGT) made a nice profit on Double Down Entertainment. Scientific Games (NASDAQ:SGMS) is spinning off a piece of its social gaming business to pay down debt.Those social gaming assets (again, about 20% of bookings) clearly have value. The "forever" franchises have proven their worth. Advertising revenue is growing. And the new offerings should drive growth in the second half of 2019 into 2020. What's not to like? The Risks to Zynga StockThere is good news here. But there are worries as well. Zynga Poker is slowing down, per commentary on the Q4 call and the 10-K. Words with Friends appears to be losing users. Zynga's growth looks impressive - but a decent chunk of it has come from acquisitions, including the deal last year to buy the developer of Merge Dragons!.Overall users are relatively flat even with help from acquisitions. Zynga is doing a better job of monetizing those players, including through higher advertising sales, but getting more money from the same amount of users is a difficult long-term goal.As for the new games, the branded games will be less profitable, as Zynga will have to pay licensing fees. And the struggles of other developers like EA in doing justice to Star Wars are well-documented.The bear take here is that Zynga really hasn't been that good at developing games. It launched Zynga Poker a decade ago; the other four "forever franchises" all were acquired. Empires & Allies was a flop. (Empires & Puzzles was picked up through the acquisition of another developer, Small Giant Games.) In between, other than jumping on the social slots trend, Zynga hasn't done much in-house. Now, it has to. Will it do it well? The Bottom Line on ZNGA StockThe other concern is on the valuation front. ZNGA stock is reasonably cheap if an investor excludes share-based compensation. That figure remains huge: some $68 million in 2018. That's over 20% of profits. Exclude that dilution and Zynga stock is pricing in consistent growth for years to come.Can Zynga drive that growth? Certainly. It's done a nice job of late doing exactly that, but the improvement in recent years has come from acquisitions and improving already-developed games. Now, Zynga will have to take a different tack, and it will have to see a lot more success this time around for ZNGA stock to keep climbing.As of this writing, Vince Martin is long shares of IGT. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The Remarkable Turnaround in ZNGA Stock Is Winding Up appeared first on InvestorPlace.
LAS VEGAS, April 23, 2019 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) will release its financial results for the first quarter 2019 after the market closes on Wednesday, May 1, 2019. The call will be accessible on the Investor Relations section of Caesars Entertainment's website at https://investor.caesars.com. Caesars Entertainment is one of the world's most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company.
New Jersey gambling regulators have fined PokerStars $10,000 for taking bets on New Jersey college basketball teams in violation of the state's sports betting law. The state Division of Gaming Enforcement issued the fine on April 12, and posted it on its website last week. Documents filed by the state indicate that PokerStars accepted 216 wagers on a game involving Rutgers and Eastern Michigan University totaling more than $2,700.
Caesars Entertainment is appointing a gambling-industry veteran as its new chief executive. The casino giant named Tony Rodio as CEO Tuesday. The change in leadership comes two months after billionaire investor Carl Icahn disclosed a large stake in the casino and began pushing for fundamental changes.
The investment firm is working with Deutsche Bank AG and PJT Partners Inc. to solicit interest from potential buyers for the resort, which could fetch $4 billion or more, said the person, who asked not to be named because the matter is private. Representatives for Blackstone and Deutsche Bank declined to comment. Blackstone acquired the hotel and casino for $1.73 billion in 2014 from Deutsche Bank, which gained ownership through a crisis-related loan default in 2008.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE...
on Tuesday formally announced that Anthony Rodio has been named CEO, and that it has officially formed a transaction committee to explore a possible sale. Rodio, currently CEO of Affinity Gaming, will take the helm from Mark Frissora, Caesars' current CEO. The move to oust Frissora comes after a push by billionaire activist investor Carl Icahn to appoint Rodio as part of an effort to turn the ailing company around and sell it.
U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself, on Tuesday named Anthony Rodio as its chief executive officer. Reuters reported in February that Icahn had proposed Rodio, CEO of privately held casino gaming company Affinity Gaming, as successor to Mark Frissora, who was due to step down as Caesars CEO. Rodio was previously CEO of Tropicana Entertainment Inc, another casino and resort operator that Icahn sold last year to peer Eldorado Resorts Inc for $1.85 billion.
Caesars Entertainment Corp. said Tuesday it formed a "transaction committee" to evaluate ways to enhance shareholder value, which could include continuing to operate as an independent company. The stock slipped 0.4% in premarket trade. The casino operator said it formed the committee, which consists of independent directors, following inquiries from industry participants regarding a possible transaction. Separately, Caesars names Anthony Rodio its new chief executive, succeeding Mark Frissora who announced in November that he was leaving. Rodio is currently CEO of Affinity Gaming, and will be transitioning to Caesars over the next 30 days. The stock has run up 38% year to date but has lost 17% over the past 12 months, while the S&P 500 has gained 16% this year and 8.5% the past year.
LAS VEGAS, April 16, 2019 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment", "Caesars" or the "Company") today announced that its Board of Directors has named Anthony ("Tony") Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days.
Caesars Entertainment has appointed gaming veteran Anthony Rodio as its new chief executive and said it set up a committee to evaluate takeover interest it has received amid continued pressure from activist investor Carl Icahn to sell itself. Mr Rodio was previously the head of Tropicana Entertainment, a casino operator owned by Mr Icahn that was sold last year for $1.85bn. The 60-year old will be replacing Mark Frissora, who announced last November he would step down in February but later said he would stay on until a new CEO is found.
Tech sold off early as the market came under pressure, but as we got into the afternoon, sellers were unable to keep the pressure up. As such, the bulls were able to rally stocks off the lows and push the major indices back toward breakeven. Let's look at some top stock trades going into Tuesday. Top Stock Trades for Tomorrow 1: CitigroupCitigroup (NYSE:C) beat on earnings and revenue estimates but shares are only flat as a result. It's not the post-earnings run we saw in JPMorgan (NYSE:JPM), but not the pullback we've seen and are seeing in Wells Fargo (NYSE:WFC) and Goldman Sachs (NYSE:GS).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Semiconductor Stocks to Buy ... If You Have a Strong Stomach So what do we make of this? On the daily chart above, shares are over the notable $66 level, but struggling to pierce the stock's channel resistance (blue line). On the long-term chart below, downtrend resistance (blue line) could cause an issue for bulls too.On the plus side though? Shares are holding up near current levels and if buyers grab ahold of C stock, it could create a breakout on multiple timeframes. Below $64 and I would become worried for Citigroup. Top Stock Trades for Tomorrow 2: AphriaShares of Aphria (NYSE:APHA) were consolidating in a very tight range leading up to Monday's 14.5% decline after the company missed on earnings and revenue expectations.Below all of its major moving averages, range support (black line) and wedge support (blue line), and there's little reason to get behind APHA now as a trade. This name is a no-touch until it becomes more clear where support will step in. Top Stock Trades for Tomorrow 3: Caesars EntertainmentShares of Caesars Entertainment (NASDAQ:CZR) are looking more constructive, as CZR continues to knock on $9.50 resistance.One could make an argument that CZR stock already broke out over $9 and that's true. However, I would much rather see it push through $9.50. That way it would be above all major moving averages, as well as several key levels.Now what? Let's see if CZR can breakout over $9.50. If it can and if the move sticks, see that $9.50 holds and it can be the new "line in the sand" for bulls. For those long now, below the 50-day and CZR becomes concerning. Top Stock Trades for Tomorrow 4: AmazonWhat a ripper Amazon (NASDAQ:AMZN) has been, slowly but steadily rallying straight up through Monday's session. Large cap tech has indeed been impressive in the session. Will that momentum carry forward throughout the week?After nailing the breakout over $1,700, AMZN successfully held $1,750 as support and is now consolidating in an unusually tight pattern just beneath $1,850. You can see Monday's rebound in the most recent candle, as AMZN looks like it wants to breakout.Traders will surely buy the move over $1,850, but the key will be whether it sticks. Keep in mind, AMZN and its peers will report later this month, so a pre-earnings run isn't out of the question. Conversely, a pullback could make Amazon attractive into earnings.Let's see how it handles this level. Above and the breakout is in play. Below Monday's low and a pullback could be underway. Top Stock Trades for Tomorrow 5: AlphabetAlphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is another mega cap tech stud on Monday.Uptrend support (blue line) continues to buoy GOOGL stock, while its move over $1,220 (black line) and short-term downtrend resistance (purple line) is significant. It puts the recent highs near $1,240 on the table and even higher prices are possible if it clears that. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot A drop below $1,220 puts uptrend support and the 20-day back in play. Keep it simple.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 5 Top Stock Trades for Tuesday: C, APHA, CZR, GOOGL, AMZN appeared first on InvestorPlace.
The news, which is expected Monday, will mean Anthony Rodio, currently CEO of Affinity Gaming, will take the helm from Mark Frissora, the current CEO of Caesars. The move to oust Frissora would come after a push by billionaire activist investor Carl Icahn to appoint Rodio. Rodio has about four decades in the gaming business and also previously worked at Tropicana Entertainment, which was once also controlled by Icahn, the Journal report said.
U.S. stock futures were mixed Monday as investors awaited earnings from two of Wall Street's biggest banks and monitored developments in U.S.-China trade negotiations. Contracts tied to the Dow Jones Industrial Average rose 17 points, futures for the S&P 500 were up 0.50 points, and Nasdaq futures fell 2.50 points. Treasury Secretary Steven Mnuchin said over the weekend that that the U.S. and China - the world's two largest economies - were moving closer to a trade agreement.
Billionaire George Soros is one of the greatest investors of all time. His overall performance ranks up there with Simons, Buffett, Icahn, and other famous names. Soros has also shown his shrewdness in the futures market, forex market, and the equity market. Unlike some other markets, we as average investors get to see how his fund, Soros […]
Investors need to pay close attention to Caesars Entertainment (CZR) stock based on the movements in the options market lately.
Stocks were back and forth all day on Thursday, and by the time the closing bell rang, the game ended in a tie. The S&P 500 only mustered an 0.11 point gain yesterday, which wasn't even enough to register a percentage change. Underscoring the lack of conviction behind the action is the fact that yesterday's was the lowest-volume day in months.Caesars Entertainment (NASDAQ:CZR) wasn't fazed by the broad lethargy. Its budding recovery effort was bolstered by whispers that it would soon be putting itself up for sale, sparking a 3.9% advance. At the other end of the spectrum, UnitedHealth Group (NYSE:UNH) fell 4.3% on the heels of growing political uncertainty regarding the future healthcare. Thursday's jaw-dropper was the 10% tumble Weight Watchers (NASDAQ:WTW), now called WW, took after JPMorgan analyst Christina Brathwaite rang the alarm bells about the company even louder than she had been.Headed into the week's final trading session, the stock charts of Morgan Stanley (NYSE:MS), ConocoPhillips (NYSE:COP) and Caterpillar (NYSE:CAT) are worth the closest looks. Here's why, and what's about to happen.InvestorPlace - Stock Market News, Stock Advice & Trading Tips ConocoPhillips (COP)Most oil stocks are doing reasonably well, catching a tailwind driven by the rising price of oil. That dynamic, however, hasn't applied universally. The oil names that aren't being picked up by that rising tide stand out -- and do so for the wrong reason. * 7 AI Stocks to Watch with Strong Long-Term Narratives ConocoPhillips is one of those names, and worse, is knocking on the door of a major breakdown. One more poor day could push COP over the edge. Click to Enlarge • The line to watch is right at $65, plotted with a red dashed line on the daily chart. That's where ConocoPhillips has made lows since February, and where it found support before the December drubbing.• There may be even more to that technical floor than readily meets the eye. Plotting Fibonacci retracement lines from the well-established floor at $42 from 2017, the $65.60 area is also a key 38.2% Fibonacci retracement line. Notice the other Fibonacci line at $56.60 has also been a key support level.• It's subtle, and perhaps means little. But, yesterday's small pullback took shape on huge volume. There could be a lot of sellers just waiting in the wings for a triggering event. Caterpillar (CAT)Last year was a tough one for Caterpillar, and by extension, for CAT shareholders. After a fantastic 2017 that served up promise of a major earnings revival, fears of rising steel prices and a tariff war put Caterpillar shares back in a downtrend. From its January-2018 peak near $173 to October's low of $112, CAT stock lost a total of 35% from high to low.Over the course of the past few months, however, we've seen hints that the downtrend has been snapped. The new uptrend isn't fully formed yet, but the lines in the sand are very well defined. Click to Enlarge • The key from here is getting above $142.80, where Caterpillar peaked a couple of times since October's capitulatory low. That resistance level is plotted in yellow on both stock charts.• At the same time, since October's bottom, the bulls have managed to form a clear rising support line, plotted in red on both stock charts.• While a move above $142.80 is still the make-or-break event, the possibility of that happening is bolstered by the golden cross that formed on Thursday. That's where the purple 50-day moving average line crosses above the white 200-day line. Morgan Stanley (MS)When we last looked at Morgan Stanley back on April 5, we were impressed by the breakout thrust that attacked the 200-day moving average line, but were concerned about a gap that had been left behind in the process. It was a perfect setup for the bears to push back.And they did, as would be expected with any fresh encounter with a major moving average line. It's what happened in the meantime and what's about to happen that makes MS worth a refreshed look. Click to Enlarge • Morgan Stanley danced with the 200-day moving average line for a day, but slipped back under it. That slide, however, was just enough to almost close the gap that had been left behind on the April 3.• At the same time, the technical ceiling around $45, marked with a yellow dashed line on both charts, still stands and augments the potential resistance made by the 200-day moving average line.• Though not yet over that one last hump, if Morgan Stanley shares can clear that line, there's little left to hold a rally back.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post 3 Big Stock Charts for Friday: ConocoPhillips, Caterpillar and Morgan Stanley appeared first on InvestorPlace.
, owner of the Harrah's and Bally's hotels and casinos, is expected to announce that it has put for sale signs on its respective front lawns as soon as this week. Citing sources close to the situation, the New York Post reported on Thursday that Caesars Entertainment plans to announce that its board has approved a process to begin selling the company within the coming days. Tilman Fertitta, CEO of restaurant conglomerate Landry's and owner of the Houston Rockets basketball team, already has been invited to conduct due diligence on the company after having his offer rejected in November.