Advertisement
Canada markets open in 8 hours 57 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7324
    +0.0000 (+0.01%)
     

  • CRUDE OIL

    83.89
    +0.32 (+0.38%)
     

  • Bitcoin CAD

    87,852.45
    +119.79 (+0.14%)
     

  • CMC Crypto 200

    1,386.50
    +3.93 (+0.28%)
     

  • GOLD FUTURES

    2,347.20
    +4.70 (+0.20%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,768.00
    +200.50 (+1.14%)
     

  • VOLATILITY

    15.37
    -15.97 (-50.96%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,966.40
    +337.92 (+0.90%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Wall Street Fundamentals Releases New In-Depth Stock Reports on LVS, MPEL, WYNN and MGM

ACCESSWIRE

New York, NY – May 24th, 2013 – Casino operators with links to Macau fell last Thursday as poor manufacturing data from China raised concerns of a growing economic slowdown. The preliminary reading of the Purchasing Managers’ Index (EC11FLAS) of manufacturing for May was 49.6, down from a reading of 50.4 in April, and short of the average economists’ forecast of 50.4, according to Bloomberg. A majority of Macau's gaming revenues are dependent on “VIP” gamblers from mainland China. Macau’s gambling revenues in April totaled $3.54 billion, a year-over-year increase of 13 percent.

Las Vegas Sands Corp. (NYSE:LVS - News) shares declined 1.5 percent on volume of over 6.0 million shares traded last Thursday. The stock appears to have reasonable support at the $56.61 and $55.86 levels. The company reported total net revenues for Sands China Ltd. were $2.02 billion for the first quarter of 2013, an increase of 39.3 percent when compared to revenues of $1.45 billion a year ago. Shares of Las Vegas Sands have gained approximately 25 percent year-to-date.

More information on Las Vegas Sands and access to the free equity report can be found at: www.WallStreetFundamentals.com/LVS

Melco Crown Entertainment Ltd. (NASDAQ:MPEL - News) shares declined nearly 5.0 percent on volume of over 6.0 million shares traded last Thursday. The stock appears to be facing strong resistance at $23.74 with some support at $22.65. The company reported revenues for the first quarter of 2013 were $1.14 billion, an increase of roughly 11 percent when compared to revenues of $1.03 billion in the year ago quarter. Share of Melco have gained approximately 38 percent year-to-date.

ADVERTISEMENT

More information on Melco Crown Entertainment and access to the free equity report can be found at: www.WallStreetFundamentals.com/MPEL

Wynn Resorts, Limited (NASDAQ:WYNN - News) shares declined 2.2 percent on volume of 1.2 million shares traded Thursday. The stock appears to be facing resistance at $140.25 with some support at $137.97. The company reported revenues from their Macau operations were $992.1 million for the first quarter of 2013, an increase of 4.4 percent when compared to revenues of $950.7 million in the year ago quarter. Shares of Wynn Resorts have gained approximately 23 percent year-to-date.

More information on Wynn Resorts and access to the free equity report can be found at: www.WallStreetFundamentals.com/WYNN

MGM Resorts International (NYSE:MGM - News) shares declined 1.0 percent on volume of over 9.0 million shares traded last Thursday. The stock appears to be facing some resistance at the 15.13 and 15.82 levels. The company reported net revenues from MGM China were $748 million, an increase of 6 percent when compared to the year ago quarter. Shares of MGM Resorts International have gained approximately 28 percent year-to-date.

More information on MGM Resorts International and access to the free equity report can be found at: www.WallStreetFundamentals.com/MGM

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:

Wall Street Fundamentals

Website: www.WallStreetFundamentals.com

Email: editor@wallstreetfundamentals.com