TRACKING casino stock WYNN

5teamparlay

5teamparlay

1
Have done ok investing in casino stocks in the past. Currrently don't like them....

9-9-2010: WYNN 89.87

WYNN RESORTS Symbol: Nasdaq:WYNN Last Trade: 89.87Last Trade Time: 09-09-10 10:47:55

Pre-Market Update ? Gapping Stocks ( WYNN, GS, BRCM, INTC, AAPL ) Written by Gerard Lerod Thursday, 09 September 2010 07:44 New York, Sep 9th (TradersHudddle.com) ?


Casino stocks outperformed the market yesterday, and today are seeing continuation of their rally, this despite the Las Vegas Sands (NYSE:LVS) downgrade yesterday. Wynn Resorts (NYSE:WYNN) is trading higher in pre- market update by close to 1% from its Wednesday close. No specific catalyst is moving the stock, just plain market strength with buyers bidding up the stock and sector. Wynn has appreciated close to 10% in the last 5 days and will be opening just shy of the $90 level.
 
5teamparlay

5teamparlay

1
Re: TRACKING casino stock WYNN

Reminds me I need to call my 401K at work and try to put it in gold, i saw no funds of 20 listed that remotely looked gold based.....

** we can move in and out of funds daily.....
 
5teamparlay

5teamparlay

1
Re: TRACKING casino stock WYNN

http://www.lvrj.com/business/in-brief-112054854.html


$105.59

Dec. 17, 2010
Copyright ? Las Vegas Review-Journal

in brief

LAS VEGAS REVIEW-JOURNAL
Analyst's rating upgrade sends Wynn Resorts shares higher
Shares of Wynn Resorts Ltd. gained almost 5 percent on Thursday after the casino operator was upgraded at JP Morgan to "overweight" from "neutral."

Wynn Resorts reached a high of $107 before closing at $105.59, up $4.85, or 4.81 percent, on the Nasdaq Global Select Market.
JP Morgan analyst Joe Greff raised his price target to $118 from $115, which represents a 20 percent "potential upside" from the current share price.
Over the past 52 weeks, the stock's price has ranged from a low of $58.21 to a high of $117.50. On Oct. 25, 2002, Wynn priced its shares at $13 and raised $449.8 million from its initial public offering
"Our rating is based on continued strong operating momentum out of Macau that is underappreciated at current share price levels," Greff said.
In a research report, Greff said he expected Wynn Resorts to benefit from fewer developments in Macau than what is now expected and projected that Wynn's new Cotai property would be worth $11 per share.
Caesars Entertainment exec expresses optimism for 2011
Caesars Entertainment Corp. Vice President and Chief Financial Officer Jonathan Halkyard is optimistic about 2011.
After a lunchtime address Thursday to Las Vegas Asian Chamber of Commerce members at The Westin, Halkyard said there's reason to expect the New Year to be a little happier for the gambling industry.
"I think there is general feeling a little better in Las Vegas and in most of our properties worldwide," he said. "I don't expect it to snap back, but it is a steady recovery."
The Tuesday opening of The Cosmopolitan of Las Vegas should help other valley gaming properties, especially the Caesars-owned Planet Hollywood Resort across the street, Halkyard added.
"With the quality of the project and its position on the Strip, we hope it will be well received and draw tourists to the Strip," he said.
 
You must log in or register to reply here.
Top