|Bid||139.70 x 1100|
|Ask||139.70 x 1300|
|Day's Range||139.14 - 144.40|
|52 Week Range||102.03 - 153.41|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||22.74|
|Earnings Date||Jan 27, 2020 - Feb 02, 2020|
|Forward Dividend & Yield||4.00 (2.81%)|
|Ex-Dividend Date||Nov 11, 2019|
|1y Target Est||149.35|
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.
These sectors are directly related to the outbreak of Coronavirus in China in a positive or negative way,putting the spotlight on these ETFs and stocks.
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.
Macau casino stocks were hammered on Tuesday as investors worried fears over the deadly coronavirus in China would hurt Macau’s gaming revenue during the upcoming Chinese New Year period. Bank of America analyst Shaun Kelley said the market may be overreacting to the situation. The CDC has confirmed nine deaths and hundreds of cases of the Wuhan virus, but Kelley said this isn’t the first time in recent history there has been a virus scare in China.
Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China.
Risk assets took a hit across the globe on Tuesday, while the Japanese yen and U.S. Treasury prices gained, as financial markets reacted to mounting concern about a new strain of flu-like virus out of China. The World Health Organization called a meeting for Wednesday to consider declaring a global health emergency while authorities in China confirmed the coronavirus could spread through human contact. Traders recalled the fallout from a Severe Acute Respiratory Syndrome (SARS) outbreak in 2002-2003 that killed about 800 people and which China initially covered up.
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF). The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China. United Airlines was down 5.3%, while Carnival Corp dipped 2.6%.
The latest global economic news, which includes a deadly virus that began in central China. Trump's speech in Davos. Uber news. What to expect from Netflix earnings. And why GoDaddy (GDDY) is a Zacks Rank 1 (Strong Buy) stock right now...
Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains. The tech-heavy Nasdaq, however, hit a record in late morning trade, helped by positive research recommendations on Tesla Inc and Intel Corp. 71% of the 46 S&P 500 companies that have reported results so far, have topped Wall Street's profit estimates, according to Refinitiv IBES data.
Wynn Resorts today was once again honored on FORTUNE Magazine's 2020 World's Most Admired Companies list in the hotel, casino and resort category. Wynn Resorts ranked first overall in the category of Quality of Products/Services among all international hotel companies, and received additional high marks for Innovation, People Management, and Global Competitiveness. This distinction for providing an exceptional guest experience comes on the heels of Wynn Resorts also being named the highest-scoring hotel company in the world as rated by Forbes Travel Guide in 2019.
Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China. The World Health Organization called a meeting for Wednesday to consider declaring a global health emergency while authorities in China confirmed the coronavirus could spread through human contact. Traders recalled the fallout from a Severe Acute Respiratory Syndrome (SARS) outbreak in 2002-2003 that killed about 800 people globally and which China initially covered up.
The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains. With the virus spreading just ahead of the Chinese New Year holidays, the S&P 1500 airlines index fell 2.4%. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%.
U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street. With the virus spreading just ahead of the Chinese New Year holidays, travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell between 1.5% and 2.6%.
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. With the virus spreading just ahead of Chinese New Year holidays, travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell about 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped more than 5%.
Spectrum Brands' (SPB) fiscal first-quarter performance is likely to have benefited from Global Productivity Improvement Plan and robust brand portfolio.
Increasing worries over the outbreak of the deadly coronavirus from China have knocked down the shares of casino operators on Tuesday, which generate significant amounts of revenue from their Macau opertions. Shares of Las Vegas Sands Corp. sank 6.1% in premarket trading, as about 62% of total revenue over the last 12 months was from Macau, according to FactSet. Wynn Resorts Ltd.'s stock tumbled 6.3%, as its Macau operations generated about 75% of its revenue, according to FactSet. The selloffs come as the futures for the S&P 500 fell 0.3%. Shares of MGM Resorts International, which had about 21% of revenue from Macau, according to FactSet, declined 2.2%. Six people have died from the coronavirus, and 291 have been infected, according to an Associated Press report.
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.