|Bid||121.62 x 800|
|Ask||147.83 x 800|
|Day's Range||120.59 - 124.35|
|52 Week Range||90.06 - 151.50|
|Beta (3Y Monthly)||2.08|
|PE Ratio (TTM)||19.74|
|Forward Dividend & Yield||4.00 (3.19%)|
|1y Target Est||N/A|
The Seminole Hard Rock Hotel and Casino is gearing up for a grand opening! After months of anticipation, the Hollywood, Florida location is preparing to open the doors to the world's first guitar-shaped hotel this week. Jim Allen, Chairman of Hard Rock International & Seminole Gaming CEO, joins Yahoo Finance's Zack Guzman and Heidi Chung, along with Former Congresswoman Nan Hayworth, to discuss.
The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.
As optimism rises for a phase-one trade pact between the U.S. and China, so too does the stock market. The S&P 500, Dow and Nasdaq all notched another new all-time high on Thursday. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow No. 1: Roku (ROKU)Shares of Roku (NASDAQ:ROKU) were in the spotlight Thursday, after the company fell more than 17% near the open. That decline comes despite the company reporting better-than-expected quarterly figures.InvestorPlace - Stock Market News, Stock Advice & Trading TipsROKU stock is trying to make a stand, though. Shares are reclaiming the 100-day moving average, the 38.2% retracement and the August gap-up level near $119.The setup here is simple -- just take it one level at a time. * 7 of the Best Internet Stocks to Buy If Roku continues higher, see how it handles the 50-day moving average. Above it and the 23.6% retracement near $141 is in play. Should shares lose the 100-day moving average and 38.2% retracement, its next stop may be $110, followed by the 50% retracement near $101 and the 200-day moving average at $95.50. Top Stock Trades for Tomorrow No. 2: Square (SQ)Square (NYSE:SQ) didn't close at its highs, but it did jump on earnings. However, the stock is running into a roadblock.Shares continue to put in a series of higher lows, forming a nice uptrend (blue line). It's also holding up over its 50-day moving average and 78.6% retracement, right near that uptrend line.Over $64 is constructive, but over $66.50 is certainly more bullish. That would put the stock over a significant level, as well as the 100-day moving average. It opens the door to the 200-day moving average up over $69.Bulls might wait for a move over $66.50, or for a pullback into $61 that holds as support. Below $60 is a no-go. Top Stock Trades for Tomorrow No. 3: Wynn (WYNN)Wynn Resorts (NASDAQ:WYNN) initially recoiled on earnings, but is holding up over its 61.8% retracement near $125.The trade? Below Thursday's low, and the 200-day moving average is in play. Above downtrend resistance (blue line), Wynn shares could really take off. The 78.6% retracement near $135.70 would be the next upside target.Keep it simple. Overly complicated setups or trades with a lot of "technical conflict" can be difficult and choppy. We like clean moves that come off simple setups. Wynn is a prime example. Remember, if this, then that. Top Stock Trades for Tomorrow No. 4: Baidu (BIDU)Shares of Baidu (NASDAQ:BIDU) are rallying to $120 on Thursday. Like Wynn, traders would do best to keep it simple.If it can stay over $120, the June high of $121.80 is on the table. Above that gets Baidu stock up toward a potential gap fill (blue box) and the 200-day moving average over $131.Falling below $120 puts Thursday's low near $115 on the table. Should shares trade below that the latter, a fill down toward $108 is possible, while the 50-day and 100-day moving averages are just below that, between $105 and $107.50.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 4 Top Stock Trades for Friday: ROKU, SQ, WYNN, BIDU appeared first on InvestorPlace.
While Encore’s revenue made up a small portion of Wynn Resorts’ total earnings, Wynn Resorts officials said it helped offset the decrease in operating revenues from Macau.
Wynn (WYNN) delivered earnings and revenue surprises of -80.68% and -1.28%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - Wynn Resorts (NASDAQ:WYNN) reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
Goldman Sachs recommends that investors consider these solid stocks that are trading at significant valuation discounts to the market.
Continued weakness in Macau VIP trends and lower revenues from Wynn Palace are likely to reflect on Wynn Resorts' (WYNN) third-quarter 2019 results.
Penn National Gaming's (PENN) top line in third-quarter 2019 gains from robust performance of the Northeast, West, Midwest and South segments.
An earnings season-driven rally for U.S. stocks came to an end on Thursday. The S&P 500 ended a streak of all-time closing highs, while the Dow Jones Industrial Average dropped half a percentage point despite a 2.3% rally in component Apple (NASDAQ:AAPL).Source: Shutterstock To be sure, modest declines in a single session don't suggest market gains have come to an end. But Thursday's news -- including a big miss for the Chicago Purchasing Management Index and conflicting reports on the trade front -- likely was an unwelcome reminder for investors. Earnings reports remain strong for U.S. companies, but external risks persist.Friday's three big stock charts highlight that mixed sentiment. They include two companies who posted earnings beats on Thursday and saw their share prices dip anyway. Combined with another well-known company with big exposure to China, these big stock charts show the uncertainty in the market at the moment, even with market indices so close to all-time highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Altria (MO)Technically and fundamentally, the pullback in Altria (NYSE:MO) on Thursday looks concerning. After all, there's an obvious case for Altria stock at the moment. MO stock is cheap at 10x forward earnings. A 7.3% dividend yield is one of the highest among large-cap stocks, and still looks well-covered by cash flow.Obviously, vaping-related concerns around Juul, in which the company has taken a stake, are a key factor. But I wrote last month that increased regulation might actually help both Altria and Juul, The first of our three big stock charts, however, shows that investors weren't buying that case on Thursday -- which is a problem for MO stock: * Altria stock actually reversed from a positive open, which changes the technical picture. Investors now have to hope that 20- and 50-day moving averages act as a support. * The fade in recent sessions kept MO stock from challenging the high trend line of a descending broadening wedge. This is a stock that just two weeks out looked poised for a breakout through that line as it broke above moving averages. Now it's set to test support levels at $44 and then potentially $39. * Fundamentally, this is a cheap stock that posted an earnings beat and sold off anyway. A $4.5 billion impairment charge on the Juul investment may have been partially to blame. But that impairment wasn't a surprise, given the pressures on vaping. It looks like the report simply wasn't good enough. If that's the case, MO stock lacks a catalyst until early next year. That suggests that MO stock may well stay cheap, at least in the near-term. Wynn Resorts (WYNN)Like Altria stock, Wynn Resorts (NASDAQ:WYNN) had posted a nice bounce off the lows before a decline on Thursday. And like Altria stock, the bull run made perfect sense in the context of the chart. A multiple bottom just above $100 showed solid support. And Wynn busted through not just the 20 and 50 DMAs, but the 200 DMA.But second of our big stock charts looks a bit less bullish after Thursday's 1.9% decline and ahead of Wednesday afternoon's Q3 earnings report: * WYNN is not far from failing to re-take the 200-day moving average, which would suggest the rally might have stalled out. So does the relatively low volume seen during the rally. If that's the case, the bullishness suggested by strong support is offset by concern that WYNN has set another lower high, creating a so-called descending triangle formulation. * Like MO, WYNN still looks reasonably attractive from a fundamental standpoint, even if the stock isn't nearly as cheap. Admittedly, an 18x forward earnings multiple isn't that low in the context of casino operators. Rival Las Vegas Sands (NYSE:LVS) trades at a similar multiple, while Melco Resorts & Entertainment (NASDAQ:MLCO) is modestly cheaper. The stock might not look like a steal on its face, but it's certainly cheap enough for China bulls to enter, and a 3.3% dividend yield helps the case for income-focused investors. * Of course, Thursday's weakness highlights the problem: there simply may not be that many China bulls left. WYNN still is down 50% from 2014 peaks and has dropped almost 40% from 2018 highs. Concerns about demand (and regulation) at the company's casinos in the Chinese enclaves of Macau are a key reason why. If trade war worries are set to spike again, that could offset any good news from the Q3 report -- and in the worst-case scenario would mean that WYNN will have to test support once again. Church & Dwight (CHD)Consumer products manufacturer Church & Dwight (NYSE:CHD) seems to be in the eye of the beholder after a 7% decline following Q3 earnings on Thursday. That's true both fundamentally and technically: * In terms of the chart, a longer-term uptrend has broken. But in the near term, the third of our big stock charts shows the beginning of a falling wedge, which often portends a bullish reversal. I'd note the volume in the last two months, however, which has been higher than normal during a period in which CHD has declined. That might tip the scales to a bearish interpretation. * The fundamentals support some skepticism. Church & Dwight stock has fallen 13% since the beginning of September. But it's hardly cheap at nearly 26x 2020 consensus earnings per share estimates. Given those estimates only suggest 9% growth year-over-year, and may come down after soft guidance for the fourth quarter, there's obvious room for further multiple compression. * But that compression might come down to investor sentiment. Larger rival Procter & Gamble (NYSE:PG) has seen its valuation expand markedly over the past eighteen months. Investors have reverted from worrying about the health of the consumer packaged goods sector to seeing it as a bastion of safety. If Colgate-Palmolive (NYSE:CL), which has struggled of late, can rally after its earnings report on Friday morning, that shift may hold, and CHD can bounce back. But a sell-off in CL could mean that valuations in the space have run too far. If that's the case, CHD will have further to fall.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post 3 Big Stock Charts for Friday: Altria, Wynn Resorts, and Church & Dwight appeared first on InvestorPlace.
Gambling revenue in the Chinese territory of Macau dropped 3.2%in October, as the U.S.-China trade war and political turmoil in neighbouring Hong Kong tempered demand from high rollers. The lower revenue was also partly because high rollers stayed away during national holidays earlier in the month, when Macau joined celebrations for the 70th anniversary of the founding of the People's Republic of China. Anti-government protests in the Chinese-controlled Hong Kong have disrupted transport and deterred travel to Macau in recent months, and while analysts say the impact on gaming has been minimal, the turmoil has added to a gloom stemming from a softening Chinese economy and weaker yuan currency.
Gambling revenue in the Chinese territory of Macau dropped 3.2%in October year on year, hit by tempered demand from high-roller gamblers due to slowing economic growth amid the Sino-U.S. trade war and protests in neighbouring Hong Kong. October's figure of 26.4 billion patacas ($3.27 billion) comes after China celebrated its 70th anniversary of the founding of the People's Republic at the start of the month.
Wynn (WYNN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Attorney and proxy fight expert Kai Liekefett estimated that upwards of 10 percent of public companies have faced activist investor challenges so far this year.
Missouri Republican Senator Josh Hawley tells Yahoo Finance's On the Move that Beijing is the biggest security threat to this country in the 21st century
The sale will free up cash, offering MGM flexibility to operate in new and different ways, said MGM Resorts Chairman and CEO Jim Murren.
Brian Gullbrants, who most recently led food and beverage operations at the casino, will be president at Encore Boston Harbor.
"He failed to exercise discretion and sound judgment to prevent incidents, which negatively reflected on the repute of the State of Nevada and acted as a detriment to the development of the gaming industry," the filing noted.
Nevada’s gambling regulators have filed a complaint against former casino magnate Steve Wynn that could bar him from ever working in the industry in the state.