112.32 0.00 (0.00%)
After hours: 6:12PM EDT
|Bid||112.01 x 800|
|Ask||112.40 x 1300|
|Day's Range||110.89 - 112.88|
|52 Week Range||90.06 - 151.50|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||14.79|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||4.00 (3.55%)|
|1y Target Est||133.40|
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
The original 18-hole championship course established in 2005 has been reimagined by legendary golf course architect Tom Fazio to give players a new golf experience from the first drive to the last putt. "Tom Fazio has outdone himself designing a beautiful and unique new course that is even better than the one before," said Marilyn Spiegel, president of Wynn Las Vegas and Encore.
Golden Week just wrapped up in China, but for Macau-based casinos, the semiannual celebration likely won’t do much help October results, Nomura Instinet warns.
The reporting season for 3Q corporate profits will get underway soon, and stock analysts are painting a gloomy picture, calling for aggregate S&P 500 earnings to be down by more than 4% versus the same period in 2018, based on data compiled by S&P Capital, according to CFRA. This would represent the largest year-over-year (YOY) decline since 2016, one reason that the S&P 500 is down by 0.8% so far in October, for its worst start to a calendar quarter in more than three years. “If I had to tattoo something on my arm, it would be ‘stocks chase earnings,’” Mike Bailey, director of research at FBB Capital Partners, told the The Wall Street Journal about the impact of corporate earnings on equity prices.
Wynn (WYNN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
A recession could be headed your way, warns Goldman Sachs -- and that's okay.In a recent report, Goldman private wealth management chief investment officer Sharmin Mossavar-Rahmani put the chances of a recession hitting the U.S. in 2020 at somewhere between 25% and 30% -- triple the risk seen three years ago. Despite the risk, though, there's also still opportunity to profit from owning the right companies.Jobs numbers in the U.S. remain strong. GDP growth is expected to end this year at 2.3%, then slow in 2020, but still remain above 2% -- not negative at all. And in the event a recession does not occur, 86% of the time, says Mossavar-Rahmani, stocks continue to go up!So which stocks does Goldman Sachs recommend that you buy "just in case?"Utilizing the Stock Screener at TipRanks, We've found three stocks receiving "buy" ratings from most analysts in general, and endorsed by Goldman Sachs in particular. Let's take a closer look:Stitch Fix (SFIX)Stitch Fix is a clothing by mail subscription service, mailing its customers monthly deliveries of clothes, shoes, and accessories, which customers can then peruse and either accept (and pay for) or mail back (and not). But while the business model may bear a whiff of "Columbia House CDs," it's doing a whole lot better than its predecessor in concept.With profit margins intact, guiding for 11% to 13% EBITDA margins, 5-star Goldman Sachs analyst Heath Terry sees SFIX stock as attractively priced "below the ecommerce sector average despite faster revenue and EBITDA growth." Terry rates Stitch Fix a 'buy' with a $24 price target -- implying 20% upside from today's prices. (To watch Terry's track record, click here)Terry points out, Stitch Fix nailed analyst estimates with sales of $432 million. Adjusted for a slightly longer quarter than Q4 2018 had in it, the analyst says grew 26% year over year, and management's "FY20 revenue guidance of +20.5% -22.5% ... bracketed consensus" expectations as well.Client rolls are expanding at a "stable" rate, "spend per client" is also growing nicely, and the company is expanding its business both internationally (to the UK) and categorically, as Stitch Fix promotes subscriptions for children's clothing.When looking at Wall Street’s stance, Terry is not the only bull, as TipRanks analytics showcase SFIX as a Buy. Out of 9 analysts polled in the last 3 months, 5 rate SFIX a 'buy', while 4 say 'hold'. The 12-month average price target stands at $26.89 marking an 37% upside from where the stock is currently trading. (See SFIX's price targets and analyst ratings on TipRanks)Wynn Resorts (WYNN)Not interested in "gambling" on whether consumers will take a fancy to clothing subscriptions? Perhaps a more straightforward gambling play is more to your taste? Here, Goldman analyst Stephen Grambling offers up Wynn Resorts, the Las Vegas-based casino operator that now gets 75% of its revenues from the island of Macau in... China!At present, more than half of Wynn's physical assets still call the United States home, and the company is investing heavily in "major capital projects" in Boston and Las Vegas, which have been a drain on cash. But as Grambling points out, free cash flow at Wynn "is set to inflect" as these projects come to completion, even as the company's Macau properties have "potential for upside," helping to pull Wynn stock up from a "near-trough valuation" to as high as $155 a share. (To watch Grambling's track record, click here)Indeed, of all the casino operators that Goldman Sachs covers, Grambling believes Wynn has the best potential for upside -- as much as 46%, versus 33% for Las Vegas Sands for example. With a 14-ish P/E ratio and a 14%-ish projected earnings growth rate on the Street -- and a strong 3.6% dividend yield to boot -- the analyst believes Wynn is poised to outperform.Overall, Wall Street sizes up Wynn Resorts as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the Las Vegas gaming and hospitality giant. In the last 3 months, WYNN has received 7 bullish ratings versus 3 analysts hedging their bets. The 12-month average price target of $135.20 reflects a potential upside of 24%. (See WYNN's price targets and analyst ratings on TipRanks)Seattle Genetics (SGEN)Switching gears (rather dramatically I should say) from consumer-focused stocks to the bright, shiny new world of biotech, Goldman Sachs' third buy-rated pick today is Seattle Genetics, a rising force in the world of oncology.Goldman Sachs analyst Salveen Richter rates SGEN a "buy" with a $100 price target (the stock costs $84 today) on hopes that increased use of Advetris to treat Hodgkin's lymphoma and peripheral T cell lymphoma will prove to be "pipeline drivers to cement SGEN's transition into a multi-product oncology company." (To watch Richter's track record, click here)Richter further expects new drugs enfortumab vedotin to receive FDA approval as early as March 2020, and is "positive" on the prospects for two more drugs in late-stage clinical trials, "tucatinib" for treating metastatic breast cancer and tisotumab vedotin for use against metastatic cervical cancer. Those clinical results are due out before the end of this year, and in the first half of next year, respectively. And Seattle Genetics has a nice pipeline of similarly tongue-twisting drug candidates waiting in line behind those.In terms of dollars and cents, of course, there's little here to attract value investors. At least, Richter doesn't see any potential for GAAP profits through at least 2021. (On the other hand, the consensus on Wall Street is that S-Gen will in fact earn a profit in 2021). Whichever way things play out on the profit front, revenue growth alone may be enough to support Seattle Genetics stock, with Richter projecting a rough doubling in sales to $1.29 billion by 2021.That's good enough for a "buy" rating in Goldman Sachs' estimation -- and a 19% profit for investors buying at today's prices.The initial word out on the Street echoes Richter's bullish conviction on the drug maker, as TipRanks analytics showcase SGEN as a Buy. Based on 15 analysts polled in the last 3 months, 10 are bullish on the stock, while 4 remain sidelined and one (Merrill Lynch) is bearish. (See SGEN's price targets and analyst ratings on TipRanks)
Wynn Resorts, Limited (NASDAQ: WYNN ) is set to benefit from a return of the high rollers to a resurgent Macau, Goldman Sachs said Tuesday. The Analyst Goldman Sachs analyst Stephen Grambling upgraded ...
IEX, an equity trading venue that sought to equalize the Wall Street playing field, announced Monday that it was shutting down its listing business. The development comes after IEX failed to lure high-profile ...
Wynn Resorts rises after a Goldman Sachs analysts upgrades the casino resort operator to buy from neutral and raises his stock price target to $155 from $140.
Wynn Resorts, Limited (“Wynn Resorts”) (WYNN) announced today the completion by Wynn Resorts Finance, LLC (formerly known as Wynn America, LLC) (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with Wynn Resorts Finance, the “Issuers”), each an indirect wholly-owned subsidiary of Wynn Resorts, of their previously announced private offering of $750 million aggregate principal amount of 5.125% Senior Notes due 2029 (the “Notes”).
Invesco launched two new ETF entries as a part of their BulletShares suite on Thursday, Sept. 12. The Invesco BulletShares 2027 High Yield Corporate Bond ETF and the Invesco BulletShares 2029 Corporate Bond ETF (BSCT) have now found their way to the NYSE.
CEO of Wynn Resorts (30-Year Financial, Insider Trades) Matt Maddox (insider trades) sold 25,000 shares of WYNN on 09/12/2019 at an average price of $117.3 a share. Continue reading...
The market didn't end yesterday's session at its high, but the 0.29% gain the S&P 500 was able to hang onto still translates into the third-straight winner. The Dow Jones Industrial Average logged its seventh consecutive win, with both indices still buoyed by renewed hopes that trade ties with China are on the verge of improving.Source: Shutterstock Overstock.com (NASDAQ:OSTK) led the charge with its 17% advance. Shares of the e-commerce platform continued the rally spurred by an upgrade from D.A. Davidson tendered earlier this week. Advanced Micro Devices (NASDAQ:AMD) offered up a meaningful helping hand too, gaining 1.5% because it's one of the more pronounced beneficiaries of a more accommodating trade environment.Holding the market back more than any other was Oracle (NYSE:ORCL), down 4.3% in response to last quarter's lackluster revenue growth, which was underscored by the announcement that Co-CEO Mark Hurd will be taking medical leave to attend to an unnamed health-related matter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Big IPO Stocks From 2019 to Watch None of those names are particularly well-suited trading prospects headed into today's action, however. Instead, take a look at the stock charts of Electronic Arts (NASDAQ:EA), Centurylink (NYSE:CTL) and Wynn Resorts (NASDAQ:WYNN). Here's why. Centurylink (CTL)A little over a month ago, Centurylink was featured as a noteworthy name thanks to a repeated effort to break past a major technical ceiling. Although not yet over that hump, a string of higher lows and improving technical support suggested such a move was only a matter of time.That happened, in spades. In fact, the sheer speed of the breakout was enough to push CTL stock beyond another major technical barrier. Although now overextended and ripe for some profit-taking, the entire sequence of events says the path of least resistance is now upward. * Click to EnlargeThe ceiling at $12.43, plotted in blue on the daily chart, was the technical ceiling in question. Centurylink peaked there twice in July, but didn't flinch at that level earlier this week. * The strength of the move carried CTL stock past the 200-day moving average line as well, marked in white on both stock charts. The whole move also unfurled on above average volume. * Although ripe for a pushback, the fact that the 20-day moving average line is now above the purple 50-day line, and the fact that the 50-day line is above the 100-day moving average line is telling. Any stumble should be short-lived. Wynn Resorts (WYNN)After a rough 2018, a choppy 2019 is a relative win for Wynn Resorts. Technical support around $103, marked as a red dashed line on both stock charts, gets much of the credit for escaping would could have turned out to be a move to lower lows.There may still be trouble ahead, however, despite the bullishness we've seen so far this month. WYNN stock is already slowing as it nears what's known to be major resistance, and another clue says the damage has already been done. * 10 Battered Tech Stocks to Buy Now * Click to EnlargeThe resistance line in question is the convergence of the purple 50-day moving average line and the white 200-day moving average. Wynn Resorts shares only had to get near them on Thursday to start peeling back. * Simultaneously, the 50-day moving average line has now crossed back under the 200-day moving average. This so-called "death cross" is a hint that the bigger-picture undertow is bearish despite the recent gains. * Even if the rally isn't quelled here, there's another impending ceiling. The yellow dashed line that connects the key peaks going back to the early 2018 high could still stop the advance. Electronic Arts (EA)Finally, the implosion Electronic Arts shares suffered last year hasn't persisted into this year. In fact, EA stock looks like it's been trying to stage a full recovery of that meltdown.It hasn't done that yet, and may never actually do so. There are several major clues that suggest that rebound is more likely than not though. And, the chart has drawn some clear lines in the sand that will make clear if and when the stock moves into full-breakout mode. * Click to EnlargeThe most important line in the sand is the line that connects the lower highs seen since February's peak, plotted in yellow on both stock charts. This week's lull makes clear traders are hesitant to push past it. * Nevertheless, the convergence of all the key moving averages since June is bullish in and of itself. Better still, we're close to seeing a renewed bullish cross where the purple 50-day line moves above the 200-day moving average. * It's also not likely to be a mere coincidence that the area standing in the way of more upside lies right around a Fibonacci retracement line near $103. Moving above it should also be catalytic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Big Stock Charts for Friday: Electronic Arts, Centurylink and Wynn Resorts appeared first on InvestorPlace.
Wynn Resorts, Limited (“Wynn Resorts”) (WYNN) announced today the pricing by Wynn Resorts Finance, LLC (formerly known as Wynn America, LLC) (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with Wynn Resorts Finance, the “Issuers”), each an indirect wholly-owned subsidiary of Wynn Resorts, of $750 million aggregate principal amount of 5.125% Senior Notes due 2029 (the “Notes”) in a private offering.
A Ba1 was assigned to WRF's proposed $850 million senior secured revolver and $1 billion term loan A. At the same time, a B1 was assigned to WRF's proposed $750 million senior unsecured notes. An SGL-1 Speculative Grade Liquidity rating was assigned to WRF as well.
Wynn Resorts, Limited (WYNN) (“Wynn Resorts”) announced today that Wynn Resorts Finance, LLC (formerly known as Wynn America, LLC) (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with Wynn Resorts Finance, the “Issuers”), each an indirect wholly-owned subsidiary of Wynn Resorts, are offering $750 million aggregate principal amount of Senior Notes due 2029 (the “Notes”) in a private offering.