On Tuesday, shares in Las Vegas, Nevada-based MGM Resorts International recorded a trading volume of 4.38 million shares. The stock ended the day at $28.63, climbing 0.14% from the last trading session. The Company's shares have advanced 0.70% in the last one month, 14.15% in the previous three months, and 26.01% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.63% and 17.44%, respectively. Furthermore, shares of MGM Resorts International, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have a Relative Strength Index (RSI) of 50.78.
On December 16th, 2016, research firm Goldman initiated a 'Buy' rating on the Company's stock.
On December 18th, 2016, MGM Resorts announced the milestone grand opening of its newest live entertainment venue on the Las Vegas Strip - Park Theater at Monte Carlo Resort and Casino. The premiere of Park Theater serves as the first step in the reimagination of Monte Carlo. The transformation, taking place over the next two years, will include two distinct hotel experiences - a Las Vegas version of Sydell Group's famed NoMad Hotel and the launch of a new luxury hotel named Park MGM. Free research report on MGM is available at:
Miami, Florida headquartered Carnival Corp.'s stock rose 2.28%, finishing yesterday's session at $52.49. A total volume of 6.36 million shares was traded, which was above their three months average volume of 4.16 million shares. The Company's shares have gained 2.62% in the last month and 15.34% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.84% and 10.01%, respectively. Additionally, shares of Carnival, which operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia, have an RSI of 56.94.
On December 19th, 2016, research firm Berenberg downgraded the Company's stock rating from 'Buy' to 'Hold'.
On December 20th, 2016, Carnival announced GAAP net income for Q4 FY16 of $609 million, or $0.83 diluted EPS, compared to $270 million, or $0.35 diluted EPS, for Q4 FY15. In Q4 FY16, the Company's gross revenue yields (revenue per available lower berth day or "ALBD") increased 1.6% on a y-o-y basis. Gross cruise costs including fuel per ALBD increased 0.2% on a y-o-y basis. The complimentary research report on CCL can be downloaded at:
Las Vegas Sands
Shares in Nevada-based Las Vegas Sands Corp. ended Tuesday's session 0.80% lower at $54.26. The stock recorded a trading volume of 6.46 million shares, which was above its three months average volume of 4.56 million shares. The Company's shares have gained 29.01% since the start of this year. The stock is trading 5.65% above its 200-day moving average. Moreover, shares of Las Vegas Sands, which together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the US, have an RSI of 36.83.
On November 14th, 2016, Sands Bethlehem, a leading regional casino and entertainment destination located in Bethlehem, PA, and owned and operated by Las Vegas Sands, announced plans for a $90 million casino expansion. With construction expected to begin in Q1 2017, the expansion is estimated to add a new gaming floor and more than 1,000 new gaming seats. The footprint expansion is approximately 59,200 square feet and a total gross floor area expansion of almost 100,000 square feet. Visit us today and access our complete research report on LVS at:
At the close, Las Vegas, Nevada-based Wynn Resorts Ltd's stock dropped 2.01%, finishing at $88.31. A total volume of 4.09 million shares was traded, which was higher than their three months average volume of 3.20 million shares. The Company's shares have advanced 30.57% on an YTD basis. The stock is trading 5.85% below its 50-day moving average. Additionally, shares of Wynn Resorts, which together with its subsidiaries, develops, owns, and operates destination casino resorts, have an RSI of 38.72.
On December 14th, 2016, Wynn Las Vegas and Amazon announced plans to equip all 4,748 hotel rooms at Wynn Las Vegas with Echo, Amazon's hands-free voice-controlled speaker. Get free access to your research report on WYNN at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA