|Bid||151.02 x 800|
|Ask||151.99 x 800|
|Day's Range||150.72 - 153.41|
|52 Week Range||102.03 - 153.41|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||24.61|
|Earnings Date||Jan 27, 2020 - Feb 02, 2020|
|Forward Dividend & Yield||4.00 (2.63%)|
|Ex-Dividend Date||Nov 11, 2019|
|1y Target Est||144.24|
Let's start with some good news – according to Goldman Sachs’ chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year’s surge. Oppenheimer believes 2019’s bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend.“Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020,” Oppenheimer noted.With this in mind, we decided to have a look at two stocks Goldman Sachs thinks are poised to make headway in 2020. Just to be safe, we run them both through TipRanks Stock Screener tool to ensure that other analysts agree with Sachs. Let's take a closer look.Linx SA (LINX)Let’s start off in Brazil, the home of Linx SA, Latin America’s largest retail management software company. LINX boasts over 40% of the retail management software market in Brazil; its cloud-based enterprise software offers retailers a variety of services, including payments solutions and business management tools.The company has been racking up partnerships recently; one with Rappi, a Latin American unicorn company and creator of an on-demand delivery app, which will enable brands in Linx’s portfolio to sell through the app. The second is with PicPay, one of Brazil’s largest payment apps which boasts more than 13 million users. Consumers will be able to make QR Code payments at more than 100,000 establishments using the Linx system.Despite disappointing 3Q19 results and Linx Pay’s “slower-than-expected progress,” Goldman Sachs’ Diego M. Aragao believes the company has solid fundamentals. The 4-star analyst said, “LINX has been reinforcing its distinguished ecosystem to become a one-stop-shop for all-size retailers in different verticals, providing a fully integrated platform for brick-and-mortar and digital customers in Brazil. The company has been also investing in capabilities to facilitate the end-to-end sales process with an innovative payment solution that leverages LINX’s deep knowledge of the retail sector and clients, acquired over the past 20 years.”While Aragao estimates that the financial benefits from new initiatives will take a while to become apparent, he believes the recent setbacks are already factored into the price, which represents a “good entry point.” Therefore, Aragao rates Linx a Buy with a price target of $11. The figure implies possible upside of 25%. (To watch Aragao’s track record, click here)The Brazilian software company has only one other analyst currently keeping an eye on its prospects. The additional Buy, though, provides Linx with a Moderate Buy consensus rating. Put together, the average price target of $10.50 could see investors take home a 20% gain in 2020. (See LINX stock analysis on TipRanks)Wynn Resorts (WYNN)The US-China trade war impacted a number of industries in 2019 - automobiles, semiconductor companies and the agriculture sector all come to mind. With a foothold in both the US and China (specifically Macau), hotel and casino owner, Wynn Resorts has a vested interest in the two superpowers getting along.Despite the trade headwinds, Wynn’s share price outperformed the market in 2019, rising by 44% over the year. The stock got a significant boost in December following an announcement by the People's Bank of China that it will increase the daily wiring limit from individual’s accounts from 50000 yuan to 80000 yuan ($11400). The figure represents a massive 60% increase and was seen as a boon to the Macau casino industry, as the Chinese are by far the largest visitors of the autonomous region. Almost 68% of Wynn’s operating revenue came from Macau in the last quarter.According to Goldman Sachs’ Stephen Grambling, improving cyclical trends, both in Las Vegas and Macau, coupled with President Xi’s recent positive policy initiatives for the region are reasons to add Wynn to the to the company’s Conviction List.Grambling said, “Given our more bullish outlook on Macau, our price targets move higher as we expect earnings revisions to follow positive commentary on the upcoming earnings calls. Our conversations with investors have become more constructive recently from a predominantly bearish tone in late 2019, giving us conﬁdence that positive commentary from management teams could serve as a catalyst to sustain positive momentum.”Grambling, therefore, thinks the gambling establishment has a lot more fuel in the tank; along with reiterating a Buy on Wynn, the analyst upped his price target from $157 to $181. The new target implies upside potential of ~20%. (To watch Grambling’s track record, click here)All in all, the current sentiment on the Street towards the casino owner is mixed; 6 Buys and 4 Holds coalesce into a Moderate Buy rating. (See WYNN stock analysis on TipRanks)
MGM Springfield reported gross gambling revenue of just $18.9 million for December — the lowest full-month revenue figure in the casino’s 16-month history. MGM Springfield reported gross gaming revenue of $21.6 million a year ago in December 2018. The new numbers come amid fears that MGM Springfield is losing out in an over saturated gaming market and to neighboring New York and New Hampshire that have legalized sports betting.
V.F. Corp's (VFC) third-quarter fiscal 2020 performance is likely to have been negatively impacted by softness in Timberland and Dickies brands.
Officials from Encore Boston Harbor have been saying they'd have 5,500 workers on staff when the $2.6 billion gambling resort opened in June. But headcount is far below that, and it's unclear whether they ever hired that many to begin with.
Wynn Resorts (WYNN) announces its plan to launch Elio in March 2020. It also aims to open three new restaurants at Wynn Las Vegas during 2020.
Wynn Las Vegas will welcome a dynamic new restaurant concept, Elio, in partnership with Enrique Olvera, Daniela Soto-Innes and Santiago Perez of ATM Group. The international hospitality company behind acclaimed restaurants Cosme and Atla in New York City and Pujol in Mexico City, will debut a social dining concept on March 19, 2020 that merges exquisite service and exceptional food in an energetic environment. The new concept will augment the resort's existing portfolio of distinguished restaurants.
Wynn Resorts (WYNN) is likely to gain from increased visitation pattern in Las Vegas. However, high debt and the U.S.-China trade war woes linger.
Wynn Resorts CEO Matt Maddox and a coalition of like-minded CEOs have collectively committed to the CEO Action for Diversity and Inclusion pledge. Mr. Maddox added his name to the pledge which commits companies to prioritize diversity and inclusion as an imperative part of workplace culture.
A new year means a fresh start for many, but not for the Trump conspiracy theory crowd. This time, it was the turn of economist Dean Baker -- who is co-founder of the excellent Center for Economic Policy ...
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
U.S. stocks are not slowing down as 2020 nears. All three broad market indices once again reached new highs on Thursday. The S&P 500 has gained more than 29% so far this year. The NASDAQ Composite cleared 9,000 for the first time on Thursday.Source: Shutterstock With the geopolitical situation calm and impeachment apparently stalled out, there's seemingly little resistance ahead at the moment. That's not the case, however, for Friday's big stock charts. * 7 Stocks to Buy to Get 2020 Started the Right Way In fact, resistance is the theme of these big stock charts. One of these names already has faltered and is trying to rebound. The other two are looking to re-take past highs. But the common thread is that all three of these stocks are looking for a breakout in the midst of a broad market that continues to rise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wynn Resorts (WYNN)Source: Provided by Finviz When we called out Wynn Resorts (NASDAQ:WYNN) in 3 Big Stock Charts at the beginning of November, the stock looked set to stall out. That turned out to be the case, as shares sputtered for several weeks. But two pieces of positive news have changed the outlook -- and the WYNN stock chart: * Wynn shares first jumped on Dec. 12, as China announced plans to make Macau a key financial center. WYNN stock gained 9.5% on that news, as investors saw the news as driving demand for Wynn properties in that Chinese enclave. Six days later, the central government delivered more good news, increasing the daily limit on remittances from the mainland, and WYNN again gapped up. * On their own, neither of those developments seem to move the needle. But they add to the sense that Chinese leaders see Macau in an increasingly positive light amid protests in Hong Kong. Central government policies have impacted gaming revenue and stocks of casino operators in the region; anti-corruption measures interrupted growth earlier this decade, and WYNN still trades 40% below early 2014 highs. * The twin jumps allowed WYNN to break out of a usually bearish descending triangle. Moving averages have been easily cleared. And volume has been relatively solid during this rally. The question now is if WYNN can trade clear of $140, which acted as resistance in July. From there, $150 is in the next key level before Wynn stock reaches an 18-month high. * Click to Enlarge Source: Provided by Finviz For market bulls, a bet on a breakout seems wise. The resolution of the trade war, assuming it holds, obviously adds to the bullish sentiment toward the stock. Valuation is reasonable. As long as the external environment holds, WYNN has a real chance to break out. The same is true for rival Las Vegas Sands (NYSE:LVS), an intriguing choice for income investors bullish on the region. Veeva Systems (VEEV)Source: Provided by Finviz Veeva Systems (NYSE:VEEV) has been left out of the market's rally for over five months now. The stock has challenged $170 on a pair of occasions, and quickly receded each time. But the second of Friday's big stock charts shows a name back at support. At these levels, VEEV stock looks interesting -- even if it admittedly still looks expensive: * $140 has held as support on multiple occasions over the past few months, which suggests potential for a bounce. There are some technical concerns, however. There's a modest descending triangle pattern underway. And VEEV stock saw a so-called "death cross" earlier this month, with the 50-day moving average falling beneath the 200-day. * Still, there's an intriguing case here. Veeva has established a dominant market position in life sciences software. Growth has been torrid for years now. And while VEEV stock is expensive at 56x forward earnings, it's not terribly so in the context of high-growth software names. On an earnings basis, VEEV trades roughly in line with Salesforce (NYSE:CRM). Still-unprofitable SaaS (software-as-a-service) names like Okta (NASDAQ:OKTA) and Datadog (NASDAQ:DDOG) trade at a premium relative to revenue. * More broadly, valuation hasn't been much of an issue in the SaaS (software-as-a-service) space. It's not entirely clear why it has been for VEEV stock in the second half of 2019. It's not as if there has been a downside catalyst: Veeva delivered another beat-and-raise quarter late last month. Historically, that had been enough for upside. It may well be again in 2020. Zynga (ZNGA)Source: Provided by Finviz Zynga (NASDAQ:ZNGA) stock touched a seven-year high this summer. But, since then, the third of our big stock charts shows clear resistance. The question is whether ZNGA finally can break through: * There's some reason to think that it can. An ascending triangle pattern usually leans bullish. The stock has cleared near-term moving averages and continues to grind higher. Resistance has been stout, but ZNGA stock looks like it's mounting a legitimate challenge. * As with VEEV, there's a relative valuation case for the stock as well. Zynga stock isn't necessarily cheap at 24x forward earnings, particularly given that analysts see flat bottom-line performance in 2020. But a large cash hoard helps the cause, and ZNGA stock certainly is cheap by tech standards. * Put another way, there simply aren't a lot of stocks that offer both value and the potential for growth. Zynga has both, given its $1.4 billion in cash targeted for acquisitions. The risk here is that the company's successful turnaround largely has run its course. Investors in this market may be willing to bet otherwise.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post 3 Big Stock Charts for Friday: Wynn Resorts, Veeva Systems, and Zynga appeared first on InvestorPlace.
Casino stocks are finishing the year strong after investors have received good news out of Macau, China. Xi recently visited Macau to commemorate the 20th anniversary of China resuming control of Macau following 442 years of Portuguese control.
Progress on the U.S.-China trade war has boosted Chinese stocks. Alibaba (NYSE:BABA) has broken out to a new all-time high, JD.com (NASDAQ:JD) has returned to mid-2018 levels and the iShares MSCI China ETF (NASDAQ:MCHI) has rallied nicely from August lows. All three are looking like great stocks to buy.For some investors, however, there's a catch: Few Chinese stocks pay a dividend. Income investors looking for stocks to invest in can get exposure to the region through a stock like Apple (NASDAQ:AAPL) or Starbucks (NASDAQ:SBUX). But, for those businesses -- as with many American companies -- China drives only a small portion of revenue and profits.Nonetheless, income investors looking for dividend stocks to buy to capitalize on the Chinese market do have some options. Unsurprisingly, these names do have risk. Yet, they have real rewards, too -- both in terms of dividends and the possibility of further appreciation if renewed optimism toward China persists.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Tier Dividend Stocks for 2020 So, let's take a look at a few Chinese stocks to possibly get your hands on. 3 Dividend Stocks to Buy: Las Vegas Sands (LVS)Source: Andy Borysowski / Shutterstock.com Casino operator Las Vegas Sands (NYSE:LVS) offers potentially the best combination of income and exposure to the Chinese economy. LVS hiked its dividend around 2.6% in 2020 in its third-quarter report, and now yields nearly 4.5% at the current price. That increase was the company's eighth-consecutive annual raise.However, despite its U.S. domicile, Sands's results rely almost solely on Chinese demand at this point. Through the first nine months of 2019, nearly 60% of Adjusted Property EBITDA came from the company's operations in the Chinese enclave of Macau. Nearly another 35% comes from the Marina Bay Sands property in Singapore -- which too attracts Chinese gamblers.As noted before, there are risks. Sands' concession in Macau expires in 2022, and must be renewed. However, the odds of Sands failing to secure an extension are "remote," as credit analyst Fitch put it earlier this year. Also, the thawing of the trade war is a big positive on this front; there was the chance that LVS chairman Sheldon Adelson, a prominent supporter of President Donald Trump, could get his company drawn into the proverbial crossfire.But, as Fitch noted, it's also possible that authorities could raise the tax rate or require other adjustments. Any "hard landing" in China could send profits tumbling. And, the dividend payout ratio is nearing 100% -- meaning hikes going forward likely will be minimal.Still, there's a nice bull case here. Income investors should check out Wynn Resorts (NASDAQ:WYNN) as well, which raised its dividend 33% this year and yields 2.9%. PetroChina (PTR)Source: Gil C / Shutterstock.com PetroChina (NYSE:PTR) seems like the forgotten Chinese giant. It has the second-highest market capitalization among U.S.-listed companies based in China, behind only Alibaba. Yet, it receives a fraction of the coverage of other Chinese names.Additionally, there's an attractive combination of exposure to Chinese growth and dividend income. PTR shares are cheap, at barely 13x forward earnings, but -- like LVS -- there are risks.Unlike most U.S. companies, PTR's dividend is inconsistent in terms of its size and is only paid semi-annually. The yield based on 2019 distributions is over 4% and nearing 5%, but that may not be the case in 2020 -- particularly with earnings declining of late. PetroChina needs oil prices to hold up, as well. * 7 Vaping Stocks to Get into Ahead of the Crowd Income investors looking for consistency might look instead to names like BP (NYSE:BP) or Exxon Mobil (NYSE:XOM), the latter of which clearly has seen some support thanks to its dividend. Those looking to add growth or potential upside, however, might considering swapping out those established names for the higher-upside PTR. China Mobile (CHL)Source: testing / Shutterstock.com Shares of China Mobile (NYSE:CHL) already have bounced nearly 10% since hitting an 11-year low this month. They may rally further this week thanks to the so-called "Barron's bounce". That publication called out CHL stock as a cheap, yet dominant play this weekend -- and made a strong case in the process.After all, as Barron's pointed out, China Mobile has 10 times the customers of Verizon Communications (NYSE:VZ) or AT&T (NYSE:T). And, like those U.S. giants, it has a 5G catalyst on the way. Yet, by any measure, it trades at a substantial discount to its American counterparts.With a 4.5%-plus dividend yield, there's a nice income case here as well. And, if CHL stock does rise too sharply this week, investors can also look at smaller rival China Telecom (NYSE:CHA).Obviously, both Chinese telecommunications companies need their domestic economy to cooperate. But, if it does, the gains in both stocks in recent sessions could be the prelude to substantial upside in 2020.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 3 Dividend Stocks to Buy for China Bulls Heading into 2020 appeared first on InvestorPlace.
This year, in addition to providing our annual snapshot of the biggest news stories in Boston business over the past year, we've compiled a list of people, companies and things that either "crushed it" (i.e., was successful) in 2019 or "got crushed" (i.e., struggled). See the above slideshow for our list of "what crushed it, and what got crushed" in 2019, and read below for a wrap-up of the year's biggest stories.
Mainland China, a primary contributor to the Macau's gaming revenues, will benefit from increase in daily limit on money transfer from Macau to Mainland China.
The stock market continued its gains Wednesday, as major indexes hit new highs despite the looming impeachment vote in Congress for President Trump.
Wynn Resorts, Las Vegas Sands, MGM Resorts and Melco Resorts got a boost after China moved to raise the Macau money transfer limit.
FEATURE Still Rising. The three major U.S. stock market indexes rose slightly to set up what could be the sixth straight day of gains. The Dow Jones Industrial Average was up about 5 points, or less than 0.
U.S.-listed casinos with operations in Macau are climbing after the People's Bank of China said it will raise the remittance limit on individuals' transfer of money from Macau to mainland Chinese accounts.
Hilton has announced a wellness-focused brand of hotels called "Tempo". Yahoo Finance's Brian Cheung, Anjalee Khemlani and Emily McCormick join Seana Smith on The Ticker to discuss.
DraftKings CEO Jason Robins explains to Yahoo Finance's On The Move, how the company will go public without a traditional IPO via its deal with Diamond Eagle Acquisition Corp. and SBTech.