|Bid||0.00 x 800|
|Ask||145.99 x 1100|
|Day's Range||143.16 - 145.88|
|52 Week Range||90.06 - 202.48|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||26.80|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||3.00 (2.51%)|
|1y Target Est||144.56|
Colin Mansfield of Fitch Ratings says the acquisition of Crown Resorts' assets would give Wynn Resorts "a strong foothold right off the bat" in Australia.
While sin stocks are traditionally thought of as a recessionary hedge -- in part, due to generous dividends paid by some -- they can also serve as macro and special situation plays. History has shown that investing in casinos, alcohol beverage makers and cigarette manufacturers can net you a nice return.This is especially true when you consider that the USA Mutuals Vice Fund Investor Class Shares (MUTF:VICEX) has actually outperformed the S&P 500 year-to-date; the former is up 21%, while the broad index is up 17.5%. There's a good reason to believe that selecting certain securities with better than average growth profiles and macro tailwinds will do better than both. * 10 Stocks That Are Screaming Buys Right Now The new addition to vice stocks is, of course, cannabis but some of the old "sins" are still worth a look too. With all of that said, here are three sin stocks to consider now, including a play on the marijuana space.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wynn Resorts (WYNN)Source: Aurlmas via Flickr (Modified)Just this week, Wynn Resorts (NYSE:WYNN) ended its intention to pursue a potential $7 billion buyout of James Packer's Crown Resorts Ltd, Australia's largest casino operator after news of these discussions were leaked.I view this as positive news. WYNN would have bought a company with little expectation of expansion beyond the Australian market. The termination of the deal means that WYNN can redirect energy and cash toward the next growth region: Japan. While the yen has depreciated in keeping with Abenomics, it's not exactly a cheap currency or a cheap place to do business. A Japanese resort would cost billions of dollars (estimated at 10 billion). That $7 billion can now be repurposed to a market that has much more potential.Macau, which accounts for 69% of WYNN's business, has seen signs of revival. March revenues in Macau casinos hit a high of $3.2 billion for the year, which "according to Macau's Gaming Inspection and Coordination … [was] the highest figure recorded so far in 2019." Even though the figure is a 0.4% decline over the prior year, it beat analyst expectations for up to a 6% decline due to the trade war. WYNN shares rallied in response. With China humming along smoothly, Macau revenues should continue in line.All in all, things are looking brighter for WYNN, even in a post-Steve Wynn world. Although global growth may be slowing, WYNN's focus in Asia and the strengthening of its core Macau market will serve shareholders well. Aurora Cannabis (ACB)Source: Shutterstock Aurora Cannabis (NYSE:ACB) had a productive second quarter and the company continues to expand rapidly on the manufacturing front as well as management. ACB has been bulking up with senior management, especially on the strategy side.All metrics are trending positively (SG&A should catch up with Aurora Sky). Net revenue of $54.2 million, is up 83%, and up 363% compared to the same period in 2018, driven by a promising launch in the Canadian consumer market that contributed $21.6 million in sales. The number of kilograms sold was up 162%.ACB has been seeing an uptick in demand with a rosy 2019 outlook to back it up. With Aurora Sky operating at scale, the cash cost associated with producing each gram of cannabis will be significantly lower -- estimated long-term costs are below $1 per gram. This bodes well for improvements in profitability.Management has indicated that if they remain disciplined, they could "achieve sustained positive EBITDA beginning in fiscal Q4 2019 (calendar Q2 2019)." * 7 Stocks to Buy for Spring Season Growth Finally, with all the M&A going on in the cannabis space, especially companies that are traded on the major U.S. exchanges, it would not be a surprise to see ACB get snapped up in the next 12 months. Philip Morris International (PM)Source: Shutterstock For an out-of-favor industry, Philip Morris International's (NYSE:PM) 2018 results were exceptionally strong.Diluted earnings-per-share were up 31% year-over-year on net revenues of $29.6 billion. This was in the face of unit shipment volume decreasing 2.1%.Lower cigarette shipment volume was offset by significant growth in heated tobacco unit shipment volume, indicating that PM has been right to invest in smokeless alternatives. Their foresight has been paying off and will continue to do so.Furthermore, on the smokeless front, PM announced last month the results of a new study on e-cigarettes. The six-month study assessed the biological response of mice exposed e-cigarette vapors compared with that of cigarette smoke. It concluded that "e-cigarette vapors with and without nicotine induced a significantly lower biological responses associated with cardiovascular and pulmonary diseases than cigarette smoke."Digging further into the numbers, annual reported operating cash flow of $9.5 billion gives assurance that the dividend isn't in danger despite a couple of unfavorable class action rulings in Canada. It's 5.3% yield is mighty attractive in a world where the U.S. 10-Year yields just 2.5%.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. 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 3 Sin Stocks to Double Down On appeared first on InvestorPlace.
Shares of the gambling and lottery game maker were trading at $22.28 on the Nasdaq Stock Market, up from Monday's closeof $20.89. Wynn was up as well - by about 0.73% - to $142.85 on Nasdaq. Under the partnership, Scientific Games will join Wynn Resorts to "support" the launch of Wynn's digital sports betting and internet gaming applications in the U.S.
Wynn (WYNN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It’s now a possibility, though, after James Packer’s casino operator Crown Resorts Ltd. said this week it was discussing a A$9.99 billion ($7.16 billion) sale to Las Vegas-based Wynn Resorts Ltd. While the talks collapsed just hours later, the billionaire has sent out a clear signal: he is willing to sell his firm’s approximately 46 percent share in Crown and dismantle a family empire built up over four generations. “It’s the end of an era,’’ said Damon Kitney, author of “The Price of Fortune: The Untold Story of Being James Packer,’’ a biography published last year. “For James Packer, history and legacy is one thing.
EVERETT, Mass. (AP) — Wynn Resorts is proposing Massachusetts regulators require the company ban its founder from its resorts as a condition of keeping its state casino license.
Wynn has followed up with a post-hearing brief that questions whether regulators are violating the company’s due process rights and those of the executives and directors. Wynn Resorts WYNN is taking an aggressive new tack with the Massachusetts Gaming Commission, questioning whether regulators are violating the company's due process rights and those of the executives and directors in a post-hearing brief.
House lawmakers introduced a $42.69 billion budget on Wednesday with $294 million in expected gaming revenue for the next fiscal year.
Las Vegas Sands' (LVS) top line in first-quarter 2019 is likely to be impacted by dismal performance of the company's Las Vegas operations, Marine Bay Sands and Sand Cotai Central segments.
Snap-on (SNA) benefits from its robust business and focus on value-creation processes. However, it witnesses softness at its Tools Group segment.
Wynn's decision to walk away from merger talks is a "tactical play," Adam Dawes of Shaw and Partners told CNBC Wednesday. "The market today is definitely looking at this as a bit of a ploy and [Wynn] will perhaps put the deal back on the table once the dust has settled," he said. Wynn is likely looking at gaining new exposure to Australia as a defensive move, he said.
aborted talks to acquire Australia's largest casino operator, Crown Resorts Ltd. Will Wynn revisit the deal, driving the shares higher again? Crown Resorts shares dropped 9% in Sydney on Wednesday when Wynn walked away.
Wynn Resorts' recent $7.1 billion takeover offer for Australia's Crown Resorts signals a change in strategy at the world's second-largest casino operator, analysts told CNBC.
The Company's Top Executive Has Remained In Good Standing With The Regulatory Agency Since 2010 LAS VEGAS , April 10, 2019 /PRNewswire/ -- Wynn Resorts received written confirmation today from the Nevada ...
With growth prospects in Macau shrinking and its license there coming up for renewal, the Vegas-based operator is right to think about diversifying its overseas presence – even if the abandoned offer for James Packer’s Crown Resorts Ltd. was far too generous. Wynn has no casinos outside the U.S. other than Macau, where its focus on Chinese high-rollers looks a little shaky given the slowdown in China’s economy. It might also be forced to take on local partners in Macau when the gaming licenses are re-awarded in 2022. Wynn’s other big potential option is Japan, which has recently legalized casino gambling.
FT premium subscribers can click here to receive Due Diligence every day by email. Wynn Resorts has a lot on its plate right now. Maybe a $7.1bn takeover of Australian billionaire James Packer’s Crown Resorts was too much to handle.
While discussions with Wynn have broken down -- for now, at least -- Crown’s engagement with the U.S. suitor signaled a willingness to talk sale terms with an interested party. Crown, controlled by Australian billionaire James Packer, had confirmed the talks on Tuesday in a filing to the stock exchange after the Australian Financial Review reported the possible deal. Despite the current acrimony, Wynn may yet return to negotiate a deal given its strategic need to expand in Asia beyond its Macau property.
Shares in Australia's Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd quit discussions for a AA$10 billion (£5.5 billion) buyout, although some investors appeared to be hoping for a change of heart. Wynn, the world's second-largest casino operator, walked away from the deal after details of the offer, which had sent Crown shares soaring more than 20 percent, became public through a leak to an Australian newspaper. The indicative offer for Australia's biggest casino operator had been viewed by investors as opportunistic but also only the beginning of a drawn-out pursuit.