67.00 -0.44 (-0.65%)
After hours: 7:58PM EST
|Bid||67.02 x 900|
|Ask||67.43 x 1000|
|Day's Range||66.71 - 68.53|
|52 Week Range||51.17 - 74.29|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||19.27|
|Earnings Date||Apr 14, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||3.16 (4.57%)|
|Ex-Dividend Date||Mar 16, 2020|
|1y Target Est||73.29|
Boyd earnings jumped 52%, beating views. The U.S. casino stock has a perfect IBD Composite Rating of 99, but fell in late trading.
Pop culture has always loved the bad boy. From James Dean's Jim Stark in Rebel Without a Cause to Harrison Ford's Han Solo of Star Wars fame, everyone roots for the lovable rogue. But that's generally not true in the stock market, where "sin stocks" or "vice stocks" often get the stink eye.Investors, and particularly large institutional investors, have reputations to manage. Pensions and endowments, in particular, increasingly have environmental, social and corporate governance (ESG) mandates that prohibit them from investing in industries that are politically incorrect or deemed to be socially harmful.In the past, this has generally meant vice stocks such as tobacco, alcohol, tobacco, gambling and even defense companies. (No one in polite company wants to be branded as a merchant of death.) But today, the net is cast a little wider. Oil and gas stocks are now personae non gratae in many ESG-compliant portfolios, as are opioid-producing pharmaceuticals. Companies with a lack of diversity on their boards of directors are also often singled out.Of course, if we take this to an extreme, nearly any industry could find itself blacklisted. Coca-Cola (KO) and PepsiCo (PEP) contribute to the obesity epidemic. Twitter (TWTR) and Facebook (FB) have become mediums for hate speech, and Alphabet (GOOGL) tracks a scary amount of data on its users that could be used for nefarious purposes.The point here is not to justify bad behavior by companies or knock the idea of socially responsible investing, however. If you find a company's products or business practices objectionable, there's nothing wrong with excluding it from your portfolio. But a sin stock that one person finds objectionable might be personally fine to another. Some of the best stocks of the past decade included companies that glued people to their sofas and stuffed them with carbs.Today, we're going to look at seven of the best sin stocks to buy now. Betting against the least ESG-friendly of stocks isn't without its risks. But if you're willing to dip your toe into sectors that are politically incorrect, the rewards can be substantial. And most of these picks offer value pricing and/or significant dividend yield. SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In
There are 75,203 confirmed cases of COVID-19, the coronavirus first identified in December in Wuhan, China, and 2,009 deaths, according to the most recent figures from the World Health Organization.
HONG KONG/MACAU Feb 19 (Reuters) - Casinos in Macau, the world's biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all punters and croupiers will have to wear a mask at the tables. Casino executives and residents say revenue will remain badly crimped in the Chinese territory's 41 casinos and the businesses dependent on them because of the health restrictions and strict entry regulations on tourists. Macau makes over 80 percent of its revenues from casinos but tourist visits have all but dried up.
Las Vegas Sands (NYSE: LVS) today announced nine-time GRAMMY award winner and American music icon Sheryl Crow will headline the 2020 Sands Cares INSPIRE charity concert benefiting members of its Sands Cares Accelerator on May 28 at The Venetian® Resort Las Vegas. Tickets go on sale at 10 a.m. Pacific, Friday, February 21.
The Chinese territory of Macao will allow casinos to reopen Friday after a 15-day closure imposed to help block the spread of China’s virus outbreak.
Macau, the world's biggest gambling hub, will allow casinos to resume operations from Feb. 20, after authorities imposed a two-week suspension to curb spreading of the coronavirus, public broadcaster TDM reported on Monday, citing authorities. The unprecedented halt of gaming operations started on Feb 5 and was due to end on Feb 19. Macau has not reported any new cases of the virus since Feb 4, authorities said.
China stocks and U.S. stocks with heavy exposure to China continued to rally as market fear over the coronavirus outbreak eased further.
Casino stocks with exposure to Macau, China have gotten pounded from the coronavirus, and the Chinese government even shut down Macau casinos for two weeks. Bank of America analyst Shaun Kelley upgraded Las Vegas Sands Corp. (NYSE: LVS) from Neutral to Buy and raised his price target from $72 to $80.
Global stock markets are mixed as companies lower forecasts to start the week and investors weigh coronavirus impact.
CFRA downgraded three casino stocks on Friday, citing concerns about the impact on their China and Macau operations from the coronavirus that has sickened thousands of people, mostly in China. Analyst Tuna Amobi downgraded MGM Resorts International to sell from hold, downgraded Wynn Resorts to strong sell from hold and downgraded Las Vegas Sands Corp. to sell from buy. For MGM, "through its majority stake (56%-owned) in MGM China, we note the company's meaningful exposure in Macau, where all casinos have remained closed in the past few days amid ongoing Chinese government actions related to the outbreak, with a seemingly uncertain timing for a potential return to normalcy (after the initial 15-day official shutdown)," Amobi write in a note to clients. "MGM could incur meaningful expenses during the temporary closure, with an unlikely insurance mitigation for business interruption." In the meantime, attendance and visitation in Macau is understood to have fallen sharply since the outbreak of the virus at the end of 2019, and gross gaming revenue fell 11% in January for a fourth consecutive monthly decline, according to Chinese data, Amobi wrote in all three notes. The analyst cut his stock price target on Las Vegas Sands to $62 from $70. He lowered his Wynn target to $115 from $135 and left his MGM target unchanged at $30. MGM shares were down 2% Friday and have fallen 4.4% in the year so far, while the S&P 500 has gained 3.3%. Wynn shares were down 3.2% and Las Vegas Sands was down 2.8%.
Shares of U.S. casinos with Macao properties plummeted at the start of the coronavirus outbreak but have bounced off corrective lows in the past week, trying to carve bottoms. Macao authorities announced on Feb. 4 that they're closing all casinos for the next two weeks in order to contain the outbreak, but it's unlikely that normal operations will resume in mid-February given the outbreak's steady escalation. Wynn Resorts, Limited (WYNN) owns three Macao properties: Wynn Macao, Encore at Wynn Macao, and Wynn Palace.
Health officials have confirmed the second death from a coronavirus infection outside of mainland China as the number of coronavirus cases continue to rise.
Continuing its focus on improving the communities in which the company operates, Las Vegas Sands (NYSE: LVS) today announced a partnership with education nonprofit Nevada Succeeds for the establishment of the InspirED Global Fellowship. Sands is funding the first cohort of the Fellowship, being in the unique position to connect two of the regions in which the company operates – Las Vegas and Singapore. The Fellowship will lead Nevada teachers and administrators through an eight-month program of study ultimately designed to cultivate new ways of thinking in the Nevada school system. As a springboard for developing long-term education solutions that can be rapidly put into practice, the Fellowship includes a 10-day community immersion in Singapore, internationally recognized as a standard-bearer in education. While there, participants will study the successes and unique attributes of the region to draw inspiration for their own work.
A Relative Strength Rating upgrade for Las Vegas Sands shows improving technical performance. Will it continue?
U.S. stock index futures jumped 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh intervention by China's central bank calming investor nerves. In a bid to cushion the economic blow of the epidemic, China injected 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday, helping Chinese stocks reverse some losses and lifting the world equity index. The monetary intervention boosted investor sentiment even as several economists cut their forecasts for 2020 global growth as the death toll from the outbreak mounts and business operations in China remain suspended.
Shares of U.S.-based casino operators with exposure to China were falling in premarket trading Tuesday, to buck the big rally in the broader stock market, after the gambling center of Macau said it was shutting casinos there for two weeks amid concerns over the rapid spread of the coronavirus. Wynn Resorts Ltd. had among the highest China exposure, as the company derived about 75% of total revenue from Macau over the last 12 months, according to estimates based on FactSet's proprietary algorithm. The stock fell 0.5% ahead of the open. Elsewhere, shares of Las Vegas Sands Corp. slipped 0.3% and MGM Resorts Ltd. gave up 0.7%. The U.S.-listed shares of Hong Kong-based Melco Resorts & Entertainment Ltd. declined 0.9%. The declines come as futures for the S&P 500 soared 1.3%.
Only two weeks after being named to the international nonprofit environmental disclosure platform's Climate A List, Las Vegas Sands (NYSE: LVS) has again been recognized by CDP, this time for attaining the Water A List for the second consecutive year. The company has made the Climate A List for five years running.
Las Vegas Sands Corp. (NYSE:LVS) shares fell 3.7% to US$65.31 in the week since its latest full-year results. Las...