Posts Tagged ‘wynn resorts’

Buy Stocks Here On Rebound Expectation

Jun 25, 2010 Stock Market, Stock to watch, Technical Analysis, Trading Idea

With the exception of Wednesday when we had a small move to the upside, the major indices have been down every day this week and today we are also seeing some weakness in stocks. However, we are looking for a rebound and traders can start buying here for some quick profits today.

In early afternoon trading, Wynn Resorts (WYNN) is up $0.87 to $86.90 and we are looking for some more upside in the shares. Yesterday, we sent out a buy trade alert to subscribers of our Navivest Options Capitalist service on the Wynn July 90 calls.

We also like commodity related stocks, which while already up on the day, should see some more upside. In the space, we like Freeport McMoRan (FCX), which is only up $1.26 to $64.70.

More on this topic (What's this?)
(WYNN) Wynn Resorts Limited – Bull of the Day (Stock Blog Hub, 8/12/10)
(WYNN) Wynn Resorts’ Quarterly Earnings Beat Estimate (Stock Blog Hub, 5/5/10)
Fibozachi Forecast: Week of April 19 (Phil’s Stock World - Members S..., 4/19/10)
Read more on Wynn Resorts at Wikinvest

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MGM 2010 Q1 Outlook to Pressure Casino Stocks

Apr 14, 2010 Company News, Stock to watch

After the bell on Wednesday, casino operator MGM (MGM) announced that it expects a 2010 first quarter loss of $96.7 million or $0.22 per share, a penny lower than the current consensus of a $0.21 per share loss for the period. The company also announced that it expects revenue for the period to come in at $1.46 billion.

MGM’s stock is down $0.86 or 5.58% to $14.55.

Shares in competitors Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also moving to the downside in after hours trading

More on this topic (What's this?)
CityCenter contractor to file $492 million suit (The Mess That Greenspan Made, 3/13/10)
The Near 1,000 Point Slide of the DJIA Compels Further Investigation of the Wall Street Casino Scam (the Underground Investor, 5/7/10)
EVENING READING (THE PRAGMATIC CAPITALIST, 4/27/10)
Read more on MGM Resorts International, Resorts & Casinos at Wikinvest

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Stock Of The Day – Wynn Resorts

Mar 22, 2010 Stock to watch, Stocks On The Move

Shares of casino operator Wynn Resorts (WYNN) rallied 6.68%, on a $4.79 climb to $76.54 in the stock. The stock also hit a new 52 week high of $76.89 intra-day, with today’s action.

WYNN rallied because investment bank Sanford C. Bernstein, raised its price target on Wynn competitor Las Vegas Sands (LVS) to $24, from $22. Las Vegas Sands’ shares were up $1.93 to $21.43, a 9.90% gain.

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