China Stocks: "Cash is king during Chinese New Year, with gift-giving in the form of ‘red packets’ a major driver. Given that companies and stock markets are closed over the festivals, swathes of profit-taking take place to take vast sums of cash out of the system – causing fluctuations in stocks." $TANH – found resistance at $2.01, but the bullish trend of the RSI and MACD could have break resistance to my PT $2.72 $CAAS - Double bottom measured move to $8.36. $WEI - being backed by several social media influencers with PTs ranging $3-5+ Sympathy/Related: #QTT # CTK #WIMI #TIGR #AIHS #CMCM #UXIN #LAIX #TAL #DQ #LU #SEED #SXTC #BEST #TC #GSX #CCNC #PETZ #TKAT #PLAG #NCTY #MOXC #TANH #EVK #JRJC #AIH #HGSH #CCM #PLIN #BABA #TAOP #TEDU #LXEH #KXIN #OCG #YGMZ #ATIF #JFIN #CLEU #BHAT BTC/BLOCKCHAIN: Bitcoin hit 40K this weekend and Doge $0.07 $MARA $RIOT $BRQS – with bitcoin hitting 40K these are something to keep watch on Monday Sympathy/Related: #SOS #RIOT #MOGO #NXTD #IDEX #MGI #IZEA #EQOS #IPDN #EBON #DPW #MARA #PHUN MARIJUANA: $SNDL - Pullback to $0.85ish, buy the pullback for an inverse head and shoulders with a price target of $2.61 $HUGE - Daily trend about to turn bullish with massive volume spike. $CRBP – Huge gap to filled back up on the daily chart. PT $3.33 $KERN – Swing alert (weeks) growing nicely on the daily chart, but I wait for a pullback before making an entry. Long term PT $18.58 Sympathy/Related: #ACB, #TLRY #OGI #CGC #HEXO #CRON #APHA $ICG Energy Sector: $OPTT - Weekly trend about to change from bearish to bullish with significant volume increases week by week. PT: $8 short term, $18-20 longer term. $SPI - weekly chart bullish harami. Bullish pennant price action pattern. EMA200 $19.55 MACD crossed bullish. Daily chart hammebull pin bar impulse pullback Sympathy/Related:: #WWR #CBAT #PECK #PLUG #CLSK #FCEL #SUNW #AMTX #PEIX #TRCH $#ENG #SPI #WATT #ALAC #TRCH #OPTT #OEG BLM STOCKS: BLACK HISTORY MONTH Sympathy/Related #LMFA #IMTE #SALM #UONEK #CARV #BYFC $UNONE Biotechs: $OCGN – Swing alert (Weeks) huge volume coming in after the split. Base on my daily fibo chart $10.73. Sympathy/Related:: #ANVS #VXRT #AEZS #MBRX #SLS #CRMD #PRTA #VTVT #ALVR #PLRX #ARTL #GMDA #GRCL #TLSA #ATOS #IMNM #NKTX #AZRX #OCGN #SAVA #ADMS #SBBP #CNSP #AKER #SAVA #TTOO #AGEN TECHNICALS: $CNSL $RVPH – Both have double bottom with a hammer candle on Friday. $VISL – Huge volume on Friday. Continuation play PT $5 $BDR - this low float stock is weekly play. Typically spikes over $2 at least once a week and usually on Monday or Tuesday. 10-50%. $NAKD - Trend change and golden cross on the daily. Look for pullback to $.80 or so, then a push back to $2+ $CTRM - Over 25 million shares shorted on 1/15 that need to cover by tomorrow. Could be more powerful than the GME squeeze. Massive volume spike the past few weeks. First target $1, next target $2.69. $LMNL looks like it's time has come to start really retracing back to the teens. Bullish harami on weekly. 3 white soldier on the daily. Bull flag broke down for a DBR set up. 4hr set up for PM gapper. PT $5.96 then $6.99 for a break above $6.07 ~10-30%+ gainer Fib retracement levels 23.6% $11.19 / 38.2% $15.06 / 50.0% $18.19 / 61.8% $21.33 $ADMP - weekly chart showing extreme bullish confluence. bullish hammebull pin bar EMA6 bounce pattern/backtest old resistance as new support to maintain $1+ compliance. EMA200 $2.144 Daily chart fish hook pattern gap to 1.40 and 1.64 great chart set up for possible rockets. Backburners: ^WPRT ^PPBT ^MBII ^LAIX ^CLNE ^ELVT ^VRTV ^NAVB ^AAME ^VOR ^IMCR ^WHLR ^BOLT ^HTBX ^CLOV ^ABUS ^MRNA ^HGEN
China Stocks: "Cash is king during Chinese New Year, with gift-giving in the form of ‘red packets’ a major driver. Given that companies and stock markets are closed over the festivals, swathes of profit-taking take place to take vast sums of cash out of the system – causing fluctuations in stocks." $TANH – found resistance at $2.01, but the bullish trend of the RSI and MACD could have break resistance to my PT $2.72 $CAAS - Double bottom measured move to $8.36. $WEI - being backed by several social media influencers with PTs ranging $3-5+ Sympathy/Related: #QTT # CTK #WIMI #TIGR #AIHS #CMCM #UXIN #LAIX #TAL #DQ #LU #SEED #SXTC #BEST #TC #GSX #CCNC #PETZ #TKAT #PLAG #NCTY #MOXC #TANH #EVK #JRJC #AIH #HGSH #CCM #PLIN #BABA #TAOP #TEDU #LXEH #KXIN #OCG #YGMZ #ATIF #JFIN #CLEU #BHAT BTC/BLOCKCHAIN: Bitcoin hit 40K this weekend and Doge $0.07 $MARA $RIOT $BRQS – with bitcoin hitting 40K these are something to keep watch on Monday Sympathy/Related: #SOS #RIOT #MOGO #NXTD #IDEX #MGI #IZEA #EQOS #IPDN #EBON #DPW #MARA #PHUN MARIJUANA: $SNDL - Pullback to $0.85ish, buy the pullback for an inverse head and shoulders with a price target of $2.61 $HUGE - Daily trend about to turn bullish with massive volume spike. $CRBP – Huge gap to filled back up on the daily chart. PT $3.33 $KERN – Swing alert (weeks) growing nicely on the daily chart, but I wait for a pullback before making an entry. Long term PT $18.58 Sympathy/Related: #ACB, #TLRY #OGI #CGC #HEXO #CRON #APHA $ICG Energy Sector: $OPTT - Weekly trend about to change from bearish to bullish with significant volume increases week by week. PT: $8 short term, $18-20 longer term. $SPI - weekly chart bullish harami. Bullish pennant price action pattern. EMA200 $19.55 MACD crossed bullish. Daily chart hammebull pin bar impulse pullback Sympathy/Related:: #WWR #CBAT #PECK #PLUG #CLSK #FCEL #SUNW #AMTX #PEIX #TRCH $#ENG #SPI #WATT #ALAC #TRCH #OPTT #OEG BLM STOCKS: BLACK HISTORY MONTH Sympathy/Related #LMFA #IMTE #SALM #UONEK #CARV #BYFC $UNONE Biotechs: $OCGN – Swing alert (Weeks) huge volume coming in after the split. Base on my daily fibo chart $10.73. Sympathy/Related:: #ANVS #VXRT #AEZS #MBRX #SLS #CRMD #PRTA #VTVT #ALVR #PLRX #ARTL #GMDA #GRCL #TLSA #ATOS #IMNM #NKTX #AZRX #OCGN #SAVA #ADMS #SBBP #CNSP #AKER #SAVA #TTOO #AGEN TECHNICALS: $CNSL $RVPH – Both have double bottom with a hammer candle on Friday. $VISL – Huge volume on Friday. Continuation play PT $5 $BDR - this low float stock is weekly play. Typically spikes over $2 at least once a week and usually on Monday or Tuesday. 10-50%. $NAKD - Trend change and golden cross on the daily. Look for pullback to $.80 or so, then a push back to $2+ $CTRM - Over 25 million shares shorted on 1/15 that need to cover by tomorrow. Could be more powerful than the GME squeeze. Massive volume spike the past few weeks. First target $1, next target $2.69. $LMNL looks like it's time has come to start really retracing back to the teens. Bullish harami on weekly. 3 white soldier on the daily. Bull flag broke down for a DBR set up. 4hr set up for PM gapper. PT $5.96 then $6.99 for a break above $6.07 ~10-30%+ gainer Fib retracement levels 23.6% $11.19 / 38.2% $15.06 / 50.0% $18.19 / 61.8% $21.33 $ADMP - weekly chart showing extreme bullish confluence. bullish hammebull pin bar EMA6 bounce pattern/backtest old resistance as new support to maintain $1+ compliance. EMA200 $2.144 Daily chart fish hook pattern gap to 1.40 and 1.64 great chart set up for possible rockets. Backburners: ^WPRT ^PPBT ^MBII ^LAIX ^CLNE ^ELVT ^VRTV ^NAVB ^AAME ^VOR ^IMCR ^WHLR ^BOLT ^HTBX ^CLOV ^ABUS ^MRNA ^HGEN
TLDR: $MGM $25c Sept. Like many of you, I noticed that $PENN has gone ballistic recently. Up 100% this week and up 500% since it bottomed in March. Videos are going viral right now of lines to casinos being slam packed with people upon reopening. I now present the case for $MGM. Still trading under $16, while it was at $34 in February. A huge, well known name is the gambling world. Sports are on the verge of coming back. September $25 calls are $0.50. Why not go balls deep on this? Yeah yeah yeah they may have furloughed some workers but that doesn’t seem to mean shit in this market. Any other opinions on these guys?
China Stocks: "Cash is king during Chinese New Year, with gift-giving in the form of ‘red packets’ a major driver. Given that companies and stock markets are closed over the festivals, swathes of profit-taking take place to take vast sums of cash out of the system – causing fluctuations in stocks." $TANH – found resistance at $2.01, but the bullish trend of the RSI and MACD could have break resistance to my PT $2.72 $CAAS - Double bottom measured move to $8.36. $WEI - being backed by several social media influencers with PTs ranging $3-5+ Sympathy/Related: #QTT # CTK #WIMI #TIGR #AIHS #CMCM #UXIN #LAIX #TAL #DQ #LU #SEED #SXTC #BEST #TC #GSX #CCNC #PETZ #TKAT #PLAG #NCTY #MOXC #TANH #EVK #JRJC #AIH #HGSH #CCM #PLIN #BABA #TAOP #TEDU #LXEH #KXIN #OCG #YGMZ #ATIF #JFIN #CLEU #BHAT BTC/BLOCKCHAIN: Bitcoin hit 40K this weekend and Doge $0.07 $MARA $RIOT $BRQS – with bitcoin hitting 40K these are something to keep watch on Monday Sympathy/Related: #SOS #RIOT #MOGO #NXTD #IDEX #MGI #IZEA #EQOS #IPDN #EBON #DPW #MARA #PHUN MARIJUANA: $SNDL - Pullback to $0.85ish, buy the pullback for an inverse head and shoulders with a price target of $2.61 $HUGE - Daily trend about to turn bullish with massive volume spike. $CRBP – Huge gap to filled back up on the daily chart. PT $3.33 $KERN – Swing alert (weeks) growing nicely on the daily chart, but I wait for a pullback before making an entry. Long term PT $18.58 Sympathy/Related: #ACB, #TLRY #OGI #CGC #HEXO #CRON #APHA $ICG Energy Sector: $OPTT - Weekly trend about to change from bearish to bullish with significant volume increases week by week. PT: $8 short term, $18-20 longer term. $SPI - weekly chart bullish harami. Bullish pennant price action pattern. EMA200 $19.55 MACD crossed bullish. Daily chart hammebull pin bar impulse pullback Sympathy/Related:: #WWR #CBAT #PECK #PLUG #CLSK #FCEL #SUNW #AMTX #PEIX #TRCH $#ENG #SPI #WATT #ALAC #TRCH #OPTT #OEG BLM STOCKS: BLACK HISTORY MONTH Sympathy/Related #LMFA #IMTE #SALM #UONEK #CARV #BYFC $UNONE Biotechs: $OCGN – Swing alert (Weeks) huge volume coming in after the split. Base on my daily fibo chart $10.73. Sympathy/Related:: #ANVS #VXRT #AEZS #MBRX #SLS #CRMD #PRTA #VTVT #ALVR #PLRX #ARTL #GMDA #GRCL #TLSA #ATOS #IMNM #NKTX #AZRX #OCGN #SAVA #ADMS #SBBP #CNSP #AKER #SAVA #TTOO #AGEN TECHNICALS: $CNSL $RVPH – Both have double bottom with a hammer candle on Friday. $VISL – Huge volume on Friday. Continuation play PT $5 $BDR - this low float stock is weekly play. Typically spikes over $2 at least once a week and usually on Monday or Tuesday. 10-50%. $NAKD - Trend change and golden cross on the daily. Look for pullback to $.80 or so, then a push back to $2+ $CTRM - Over 25 million shares shorted on 1/15 that need to cover by tomorrow. Could be more powerful than the GME squeeze. Massive volume spike the past few weeks. First target $1, next target $2.69. $LMNL looks like it's time has come to start really retracing back to the teens. Bullish harami on weekly. 3 white soldier on the daily. Bull flag broke down for a DBR set up. 4hr set up for PM gapper. PT $5.96 then $6.99 for a break above $6.07 ~10-30%+ gainer Fib retracement levels 23.6% $11.19 / 38.2% $15.06 / 50.0% $18.19 / 61.8% $21.33 $ADMP - weekly chart showing extreme bullish confluence. bullish hammebull pin bar EMA6 bounce pattern/backtest old resistance as new support to maintain $1+ compliance. EMA200 $2.144 Daily chart fish hook pattern gap to 1.40 and 1.64 great chart set up for possible rockets. Backburners: ^WPRT ^PPBT ^MBII ^LAIX ^CLNE ^ELVT ^VRTV ^NAVB ^AAME ^VOR ^IMCR ^WHLR ^BOLT ^HTBX ^CLOV ^ABUS ^MRNA ^HGEN
China Stocks: "Cash is king during Chinese New Year, with gift-giving in the form of ‘red packets’ a major driver. Given that companies and stock markets are closed over the festivals, swathes of profit-taking take place to take vast sums of cash out of the system – causing fluctuations in stocks." $TANH – found resistance at $2.01, but the bullish trend of the RSI and MACD could have break resistance to my PT $2.72 $CAAS - Double bottom measured move to $8.36. $WEI - being backed by several social media influencers with PTs ranging $3-5+ Sympathy/Related: #QTT # CTK #WIMI #TIGR #AIHS #CMCM #UXIN #LAIX #TAL #DQ #LU #SEED #SXTC #BEST #TC #GSX #CCNC #PETZ #TKAT #PLAG #NCTY #MOXC #TANH #EVK #JRJC #AIH #HGSH #CCM #PLIN #BABA #TAOP #TEDU #LXEH #KXIN #OCG #YGMZ #ATIF #JFIN #CLEU #BHAT BTC/BLOCKCHAIN: Bitcoin hit 40K this weekend and Doge $0.07 $MARA $RIOT $BRQS – with bitcoin hitting 40K these are something to keep watch on Monday Sympathy/Related: #SOS #RIOT #MOGO #NXTD #IDEX #MGI #IZEA #EQOS #IPDN #EBON #DPW #MARA #PHUN MARIJUANA: $SNDL - Pullback to $0.85ish, buy the pullback for an inverse head and shoulders with a price target of $2.61 $HUGE - Daily trend about to turn bullish with massive volume spike. $CRBP – Huge gap to filled back up on the daily chart. PT $3.33 $KERN – Swing alert (weeks) growing nicely on the daily chart, but I wait for a pullback before making an entry. Long term PT $18.58 Sympathy/Related: #ACB, #TLRY #OGI #CGC #HEXO #CRON #APHA $ICG Energy Sector: $OPTT - Weekly trend about to change from bearish to bullish with significant volume increases week by week. PT: $8 short term, $18-20 longer term. $SPI - weekly chart bullish harami. Bullish pennant price action pattern. EMA200 $19.55 MACD crossed bullish. Daily chart hammebull pin bar impulse pullback Sympathy/Related:: #WWR #CBAT #PECK #PLUG #CLSK #FCEL #SUNW #AMTX #PEIX #TRCH $#ENG #SPI #WATT #ALAC #TRCH #OPTT #OEG BLM STOCKS: BLACK HISTORY MONTH Sympathy/Related #LMFA #IMTE #SALM #UONEK #CARV #BYFC $UNONE Biotechs: $OCGN – Swing alert (Weeks) huge volume coming in after the split. Base on my daily fibo chart $10.73. Sympathy/Related:: #ANVS #VXRT #AEZS #MBRX #SLS #CRMD #PRTA #VTVT #ALVR #PLRX #ARTL #GMDA #GRCL #TLSA #ATOS #IMNM #NKTX #AZRX #OCGN #SAVA #ADMS #SBBP #CNSP #AKER #SAVA #TTOO #AGEN TECHNICALS: $CNSL $RVPH – Both have double bottom with a hammer candle on Friday. $VISL – Huge volume on Friday. Continuation play PT $5 $TRVN - bullish engulfing on weekly. MACD curling up. buy signal printed on daily. Bull pin bar closing candle continuation of uptrend is probable. BTFD!! $BDR - his low float stock is weekly play. Typically spikes over $2 at least once a week and usually on Monday or Tuesday. 10-50%. potential shelf offering for 2.8 common shares on behalf of security holders $NAKD - Trend change and golden cross on the daily. Look for pullback to $.80 or so, then a push back to $2+ $CTRM - Over 25 million shares shorted on 1/15 that need to cover by tomorrow. Could be more powerful than the GME squeeze. Massive volume spike the past few weeks. First target $1, next target $2.69. $LMNL looks like it's time has come to start really retracing back to the teens. Bullish harami on weekly. 3 white soldier on the daily. Bull flag broke down for a DBR set up. 4hr set up for PM gapper. PT $5.96 then $6.99 for a break above $6.07 ~10-30%+ gainer Fib retracement levels 23.6% $11.19 / 38.2% $15.06 / 50.0% $18.19 / 61.8% $21.33 $ADMP - weekly chart showing extreme bullish confluence. bullish hammebull pin bar EMA6 bounce pattern/backtest old resistance as new support to maintain $1+ compliance. EMA200 $2.144bDaily chart fish hook pattern gap to 1.40 and 1.64 great chart set up for possible rockets. Backburners: ^WPRT ^PPBT ^MBII ^LAIX ^CLNE ^ELVT ^VRTV ^NAVB ^AAME ^VOR ^IMCR ^WHLR ^BOLT ^HTBX ^CLOV ^ABUS ^MRNA ^HGEN
All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65.
Edit 2 (Nov 27): Of course, because this market is all-knowing and completely rational, the stock keeps going up despite the bad news. Currently getting clobbered on my positions (around -50%) but still holding. Edit 1 (Nov 22): It looks like the governor is announcing new restrictions, the most notable of which that casinos will be reduced from 50% to 25% capacity. We will see if the casino stocks react accordingly. ************************************************************ For the 1 or 2 humans left who aren't trading NIO, PLTR, and soon CIIC, this is something different at least. Hope you enjoy it.
TL;DR and Positions:
This is a reasonably short-term bet that WYNN, which rose over 25% on vaccine news, is overextended and will pull back.
This is partially a play on vaccine exuberance (targeting cyclical/reopening names), and partially a play on Wynn specifically Vaccine Exuberance
As everyone knows, Pfizer and Moderna have recently reported stellar efficacy data on their COVID-19 vaccines. Last week’s Pfizer vaccine pump, in particular, sent cyclical names (i.e. cruise lines, airlines, casinos, AMC, etc.) soaring.
IMO, these names went too far ahead of themselves. It’s true that the strong data is a triumph for science and signals that there’s a light at the end of the COVID-19 tunnel. However, once the euphoria dissipates, we have to confront a basic truth-: the vaccine isn’t going to be widely available until sometime in 2Q 2021, possibly later.
For context, PFE and MRNA will apply for Emergency Use Authorization (EUA), with an FDA decision expected sometime in December. But even if the FDA issues EUA, the limited doses of vaccines that are currently available will only be provided to very select populations, e.g. high-risk populations. Full approval (not EUA) for the vaccines are expected in 1Q 2021, meaning most people will not be getting vaxxed until next year.
This means that in the short term, nothing about the cyclical names has fundamentally changed. Their businesses will continue to struggle, especially with the looming threat of additional stay-at-home orders. Further, those who have watched the market this year know that every subsequent vaccine news generally provides diminishing pumps (unless it's something new altogether, like the PfizeModerna efficacy data). I believe that the recent pump in the cyclicals was built on euphoria that will fade in the coming weeks.
Wynn
Disclaimer: if you think the thesis above makes sense, you might also consider playing names like CCL and AMC. I personally chose WYNN for a couple of reasons-:
The stock has been hovering in the $70-75 range for a while (since April 8, it has closed below $70 only thrice). I consider the recent runup to $100+ way too much given that no material news was released by the company specifically.
Nevada is having a hard time with covid right now. On Nov 10 Governor Sisolak advised citizens to stay at home for 2 weeks, giving them the ultimatum that if things don’t get better, “I will be forced to take action in 14 days,” he said, although he mentioned that “I don’t want to take enforcement. I want to lift restrictions.”
Yet the usual facts abound: cases are at an all time high and continue to grow, while hospitalizations are rising as well. I expect that this trend continues post Thanksgiving.
Clearly shutdowns and business restrictions are unpopular, but the latest news is that Sisolak might take some sort of action soon. Any talk (or action, of course) of shutting casinos down may send Wynn spiraling back down.
(Sidenote: Puts on LVS, CZR, MGM seem viable too, but Wynn has run up the most)
Several Counterarguments/Things That Can Derail This Trade
It is unclear that casinos will close down again. From the same article: “in responding to other questions about potentially keeping casinos open, the governor said he doesn’t want to “shut down all of the economy if we can avoid it.”
Additional good vaccine news (particularly an EUA approval) might send all the cyclical names rocketing up again, and Wynn would be no exception.
J Pow turns on the money printer and massacres all puts.
Positions
I’m thinking that a stream of bad news will overshadow the good news in the next few weeks. That said, December puts are a little risky because the timing will probably coincide with further good vaccine news, so slightly smaller positions here. The bulk of the position is in Jan puts as you can tell.
For strikes, I just chose a few that make sense to me, along with a speculative $75p. I reinforce once again, with some exceptions, Wynn does not stay below $70 for long, so if the stock does drop bigly, I will be cashing out before it teases low $70's.
WSOP just pulled a ton of live poker events and went all online. Casino put looking better by the second
Source: https://twitter.com/wsop/status/1238613807552794624?s=21 Caesars owns WSOP so they’ll still get their delicious rake money but all other casinos get ram rodded These events bring in tons of degens to play poker and investable degen in the pit. Properties are now going to miss out on these players. It’s bad news after bad news for these fucks. Also a MGM employee got the ‘rona so things are looking poor (but great for my puts). Casinos were some of the biggest stocks that didn’t get that much rub from dongrle CEO parade so blood red Monday incoming? Idk I’m the sort of autismo that plays at these place so why listen to me... PENN $10 3/20 MGM $12 3/20
5 Stocks To Watch For Tuesday, Jan. 19, 2021: NFLX, MRK, BB, WYNN, POLA
Netflix (NFLX) - Will report Q4 earnings after market close Tuesday. Analysts expect earnings of $1.39 per share on sales of about $6.6 billion. Expect results to be out around 4:01 p.m. EST.
Merck (MRK) - The FDA will give a verdict on the company's New Drug Application for its heart failure treatment, vericiguat, on Wednesday.
BlackBerry (BB) - Continued last week's rally Tuesday morning, up about 6%. Shares were up more than 25% last week. The stock has been chosen as a favorite by the Wall Street Bets Reddit community.
Wynn Resorts (WYNN) - A play on mobile sports betting. The company on Friday won a partnership with Elite Casino Resorts to expand access to its online betting app into seven US states.
Polar Power (POLA) - A play on hybrid power systems for generating renewable energy on the grid. After the stock closed up 30% on Friday, shares continued higher Tuesday, up another 22% ahead of the open.
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All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65. P.S. I know that I am no legend like u/DeepFuckingValue, but I like this stock!!
US COVID-19 hospitalizations hit record high Joe Biden's advisors are pushing Democratic congressional leadership to strike a stimulus agreement with Senate Republicans, even if it falls short of the larger $2.4 trillion bill that House Democrats were pushing earlier this year, according to the New York Times Joe Biden will select first cabinet appointments Tuesday and Janet Yellen is a favorite for Treasury Secretary. Tony Blinken is the favorite for Secretary of State, according to Bloomberg Government vaccine expert Moncef Slaoui says coronavirus vaccinations could begin in less than three weeks, according to Bloomberg Judge dismisses lawsuit from President Trump to delay vote certification in Pennsylvania. The election certification in Pennsylvania and Michigan is expected to take place today, according to the New York Times More than 1 million people flew on planes on Friday despite warnings against holiday travel, which is the second highest since the pandemic began, according to Bloomberg Nevada to lower capacity limits ar casinos to 25% from 50%, according to Bloomberg EU thinks Brexit deal 95% agreed, according to Sky News Fed to return unused portions of the funds allocated to the CARES Act facilities Aecom Tech (ACM) announced that the U.S. Army Corps of Engineers (USACE), Omaha District selected the firm to design the renovation of the U.S. Air Force Academy’s 700,000-square-foot Sijan Hall Alaska Air (ALK), Hawaiian Airlines, Jet Blue and Swift Air awarded $697 mln in contracts under Domestic Airlift Charter Services, FAA Part 121 Amazon (AMZN) will remove HBO from Amazon Channels next year as part of a concession to WarnerMedia, according to CNBC.com AMC Networks (AMCX) has begun a restructuring plan to streamline operations, which includes job cuts Amgen (AMGN) has provided notice to Cytokinetics (CYTK) of termination of its collaboration and its intention to transition the development and commercialization rights for omecamtiv mecarbil and AMG 594 Aon (AON) authorizes additional $5.0 bln share repurchase program Arcutis Biotherapeutics (ARQT) announces positive topline data from phase 2b Study of ARQ-154 (Topical Roflumilast Foam) as a potential treatment for scalp and body psoriasis AstraZeneca (AZN) reports AZD1222 vaccine met primary efficacy endpoint in preventing COVID-19; showed vaccine efficacy of 90% when AZD1222 was given as a half dose Becton Dickinson (BDX) announces streamlined reporting capabilities for COVID-19 Data Bicycle Therapeutics (BCYC) settles patent dispute with Pepscan Systems B.V. Blackstone (BX) aiming to raise at least $5 bln for second Asia fund, according to Bloomberg Boeing (BA): Delta (DAL) CEO Ed Bastian suggests company will purchase Boeing 737 Max aircraft, according to Financial Times Canadian Solar (CSIQ) signed a power purchase agreement with BTG Pactual and was awarded with two projects in a private auction by Furnas Centrais Elétricas CytoDyn (CYDY) reaches enrollment target of 293 patients for 2nd DSMC interim analysis of phase 3 covid-19 trial and expects to enroll the remaining 97 patients in the next few weeks to complete the trial this year Cytokinetics (CYTK) regains rights to develop and commercialize omecamtiv mecarbil and AMG 594 from Amgen (AMGN) Deutsche Bank (DB) looking for takeovers and joint ventures in payments processing, according to Financial Times Eiger BioPharma (EIGR): FDA approves Zokinvy for HGPS or Progeria and processing-deficient Progeroid Laminopathies Eli Lilly (LLY) announces that bamlanivimab (LY-CoV555) receives interim authorization from Health Canada as a treatment for COVID-19 Geo Group (GEO) announces decision by Federal Bureau of Prisons to not rebid its contract for rivers correctional facility Gilat Satellite (GILT) names Adi Sfadia as CEO IAMGOLD (IAG) announces temporary workforce reduction at its Westwood Gold Mine Invitae (NVTA) confirms the FDA accepted the submission of a premarket approval application for a companion diagnostic claim for STRATAFIDE on Nov 18 Kindred Biosciences (KIN) completion of the upcoming pivotal efficacy study for KIND-030 is now expected in the first quarter of 2021 due to a delay in receiving appropriate vendor reagent material McCormick (MKC) increases quarterly dividend to $0.68/share from $0.62/share Microsoft (MSFT): LoupVentures publishes article that says interest in PlayStation 5 outweighs the Xbox Series X, but for MSFT it's less about console sales in the launch window and more about an ecosystem Moog (MOG.A) authorizes share repurchase program for 3.0 mln shares of Class A and Class B common stock Neenah (NP) renews share repurchase plan for up to $25 mlnv Pfizer (PFE): Plans to rapidly roll out COVID-19 vaccine in Latin America after it gets EUA in US, according to Reuters Pfizer (PFE) and BioNTech (BNTX): FDA has scheduled a meeting for December 10 to discuss the request for EUA of a COVID-19 vaccine Regeneron Pharma (REGN) receives Emergency Use Authorization for REGEN-COV2 antibody cocktail Rigel Pharma (RIGL) and Medison Pharma announced that Health Canada has approved the new drug submission for TAVALISSE for the treatment of thrombocytopenia Rise Education (REDU) appoints new CFO Sanofi (SNY) receives EC approval for MenQuadfi Schrodinger (SDGR) announces a multi-target drug discovery, development, and commercialization collaboration with Bristol Myers Squibb (BMY) Sculptor Capital (SCU) appointed Dava Ritchea as Chief Financial Officer STORE Capital (STOR) received rent payments representing 90% of contractual base rent and interest for the month of November Summit Therapeutics (SMMT) announces that Dr. Mahkam Zanganeh has been appointed as Chief Operating Officer, effective immediately Teck Resources (TECK) increases its steelmaking coal sales to China for Q4 Twist Bioscience (TWST) announces positive preclinical data for SARS-CoV-2 antibodies Village Farms' (VFF) Pure Sunfarms receives cannabis research license for on-site sensory evaluation from Health Canada / Pure Sunfarms Brand debuts internationally Williams Cos (WMB) reached a global resolution with Chesapeake as part of Chesapeake’s Chapter 11 bankruptcy restructuring process Wynn Resorts (WYNN) lost efforts to partner with Sinclair (SBGI) sports networks, according to the New York Post
Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents. Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses. Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.
Dow Jones
Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys. Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP). Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs. Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.
Nasdaq 100
Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon. Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage. United Continental Holdings (UAL) – Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.
S&P 500
Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis. AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03. Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center. Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed. AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results. Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments. Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr. Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus. Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus. Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020. Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus. Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20. Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus. Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter. Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus. Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH
Other
Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln) Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.
Additional US Equity Stories
Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln. US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln. Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating. Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus. Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US. Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
Most small investors don't know how to make money in a bear market. Their stock strategy is "buy and hold." They ONLY buy stocks (and funds) they believe will INCREASE in value. price. Right now they're madly buying Clorox, Netflix, Zoom, INST, Invio, stocks they expect to buck the market. and go UP. What are some investments you could make that will earn you money when you expect stock prices and the overall market to continue to go DOWN? Investments that go UP when the Dow or S&P goes DOWN include A) Selling individual stocks short, B) buying PUT options C) Bonds, D) Certain "Negative" index funds, E) Precious metals, or precious metal funds, mining companies, etc. In this article I'm going to try to convince you to go with "D," Negative Index Funds. A) What is "Selling short?" You "sell" a stock at today's higher price --- agreeing to deliver it in 90 days or whatever -- expecting it to decline in price between now and then. You pocket the difference. For example Apple. With Chinese supply chain problems, Apple is LIKELY to decline in value in coming days. It would be a good stock to consider shorting. Along with WYNN - the casinos. If you sell short, however, and the stock goes up, you still have to deliver it REGARDLESS of what it costs you to buy. OK TO SKIP THIS NEXT PARAGRAPH! What are put options?Aput optionis a contract giving the owner the right, but not the obligation, to sell, or sell short, a specified amount of an underlying security at a pre-determined price within a specified time frame. The pre-determined price theput optionbuyer can sell at is called the strike price Continue reading here: Shorts are primarily for professional investors. You can lose more money than you started with, face margin calls (Send us more cash or lose your initial investment too!) Buying puts isn't too risky, but "writing" or selling them --- Danger Will Robinson! Leave short-selling Apple and Amazon, and writing puts to big investors with deep pockets. Always remember, the market can remain irrational longer than your wallet is deep! D) Negative index funds are one way for SMALL investors to take a position "betting" that the overall market will go down. You can POTENTIALLY only lose your initial investment, and not a penny more. Let me tell you about a couple of index funds that GO UP when the S&P goes down. Like SDS https://www.investopedia.com/articles/etfs-mutual-funds/042716/3-best-etfs-short-sp-500-sh-sds.asp Full disclosure: I own shares in Proshares.com "SDS" fund. SDS portfolio consists of short positions on stocks, and put options on stocks and other derivatives. (I don't know it's exact content, you can download a prospectus) An index fund trades like a stock. You can only (potentially) lose your initial investment. They buy the risky shorts, sell calls, derivatives, .... not you. You buy "SDS" or a similar fund at a lower price and hope it goes up. AS IF it were a stock. My personal investment in the SDS fund has gone from $25/share to $29 a share as the market has crashed. Chart: https://imgur.com/gallery/mV6hC09 When the S&P goes down, "SDS" goes up. Likewise if the S&P goes up, "SDS" will go down. FAST. It's leveraged, approximately 2:1. You win big or lose big. 2:1 not enough leverage for you? They have one that's 3:1. Make money fast or lose it fast. A lot of brokers consider funds like SDS strictly short-term investments. Personally I believe the market is going to be headed down for a long time so I'm disregarding their advice. In the comments below you can get some idea WHY they feel the way they do - issues like "slippage" which is the gradual loss of principle. An investment in SDS or similar should only make up on a part of a BALANCED portfolio. In a bear market that might also bonds, physical gold or a GOLD index fund, cash, plus any biostocks, vaccine companies, web conferencing stocks (ZM, INST) you think might buck the market. Netflix & Clorox, lol! Are index funds without their own problems? Of course not! https://www.investopedia.com/stock-analysis/2009/the-painful-truth-about-leveraged-etfs-sds-sso-uyg-skf0710.aspx Honestly I did not FULLY understand all of these problems when I originally wrote this article, but if you read through the comments, another Redditor has done a GREAT job of clarifying such things as "beta decay." Market swings --- yo-yo'ing --- may also eat into the value of your investment, and we're certainly seeing a lot of those! (A truly professional investor might use a "straddle" strategy to make money on violent market swings. This is beyond MY pay grade...) You can (and should) download a prospectus on any investment you intend to make and AT LEASTtryand read and understand it. https://www.proshares.com/funds/prospectus.html?ticker=SDS FWIW, SDS is one of SEVERAL funds offered by Proshares that tracks inversely with different markets Their funds offer differing amounts of "leverage," the market they track, etc. I was at one time a licensed broker. I am not now. Use your own judgement. Don't do anything just because a stranger on the internet tells you to, ok? I am simply trying to inform casual investors that there IS a way to earn money in a declining market BESIDES "risky"short selling. Most important: Do not ever make ANY investments you do not personally understand!!! Keep reading and researching until you are COMFORTABLE with any investment "vehicle" you intend to buy or sell. Or find a broker you trust. (lol...) About brokers: If they know so dang much, why don't they invest their own money and get rich instead of dialing the phone all day begging YOU to let them manage YOUR money. Being a broker is a job, nothing more. They live on commissions by convincing you to buy and sell often. Their best interests and yours MAY OR MAY NOT OVERLAP. Of course it's all peaches and creams when the market goes up for 11 straight years. Now is the time when it gets sticky... There's gonna be a lot of bad news in the coming days, due to the pandemic. I personally can watch the market headed down knowing its decline is putting a few extra bucks into my account. Hopefully I'll be alive to spend it. TL;DR: An investment in a specialized "negative" index fund like SDS can make you money when stock prices go down (S&P index.) It's "safer" than shorting stocks or options trading, the traditional methods of making money in a bear market. Leave those to the pros!
Good luck everyone, have a great day, it’s Friday! Of note for Energy names (XLE, XOM, CVX), the IEA, in fitting with EIA, raised its 2020 oil demand outlook, but cut its 2021 view due to the improved outlook this year. However, it noted that risks were skewed to the downside. Of note for Casino names (CZR, WYNN, LVS) announced it will reopen its Bally’s on Las Vegas Strip on July 23rd. However, Nevada has ordered bars in Clark County, where Las Vegas is, to close on Friday. Of note for PC names (DELL, HPQ), Worldwide PC shipments rose +2.8% Y/Y in Q2 2020, totalling 64.8 million units, according to preliminary results by Gartner. IDC data reported Q2 20 shipments rose 11.2% Y/Y to 72.3mln units. “Early indicators suggest strong PC shipments for education, enterprise, and consumer, muted somewhat by frozen SMBs,” said Linn Huang, research vice president, Devices and Displays at IDC. “With inventory still back ordered, this goodwill will continue into July. However, as we head deeper into a global recession, the goodwill sentiment will increasingly sour”. Market share: HP (HPQ) 25%, Lenovo 24.1% (LNV GY), Dell Technologies (DELL) 16.6%, Apple (AAPL) 7.7%, Acer Group 6.7%.
DOW JONES
Merck & Co. (MRK) Animal Health Unit received FDA approval for its Bravecto Chews for dogs of 8 weeks and older; it is a once a month treatment for fleas and prevention of fleas. Pfizer Inc. (PFE) - BioNTech (BNTX), who is partnering with Pfizer to develop a COVID-19 vaccine, says they are confident it will be ready to get regulatory approval by year-end; expects to begin Phase 3 trials (N=30,000) by July-end. CEO said several hundred million doses could be produced even before approval, and over 1bln by the end of 2021.
NASDAQ 100
Amazon.com Inc. (AMZN) plans to create at least USD 100mln in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant; AMZN is aggressively expanding into self-driving technology, announced in June it had agreed to acquire the Silicon Valley company, for USD 1.3bln in cash, which it hopes to close by September. Facebook, Inc. (FB) – A bug in the Facebook Software Developer Kit (SDK) is causing major third-party iOS apps, like TikTok and Spotify to crash on launch. The SDK enables account logins through Facebook and enable apps to integrate Facebook within the app for analytics and advertisements. Gilead (GILD) released additional data on remdesivir for COVID-19: was associated with an improvement in clinical recovery and a 62% reduction in risk of mortality; 74.4% of treated patients recovered by day 14 (vs 59% of patients receiving standard of care).
S & P 500
AbbVie Inc. (ABBV) - Allergan announced it received FDA approval for its supplemental Biologics License Application (sBLA) that supports the expanded use of BOTOX for the treatment of spasticity in patients aged two years or older. Energy Transfer’s (ET) fight to stave off a shutdown of the Dakota Access oil pipeline now heads to a federal appeals court after a district judge rejected a request to freeze an order that operations of the pipeline be halted by August 5th. Ford Motor (F) announced the 50% staffing restrictions imposed on plants producing car parts in Chihuahua, Mexico is not sustainable, as US plants are running at 100%. The US ambassador to Mexico stated Ford “may have to shut some US car plants as early as next week if they fail to receive Mexico-produced engines”. Simon Property Group Inc (SPG) and Authentic Brands are considering a bid for retailer Brooks Brothers Group, as is WHP Global, reports WSJ citing sources. The move would be the latest in which property owners are looking to purchase large renters who use their property to keep its business strong. Previously SPG has considered buying bankrupt JC Penney. Tyson Foods (TSN) is looking towards automated butchers amid the COVID-19 pandemic, according to WSJ.
OTHER
Barrick Gold (GOLD) sent a dispute notice to Papua New Guinea over the government’s refusal to extend a mining lease in the Porgera valley. Cannae Holdings (CNNE) and the Senator Investment group, who are trying to acquire CoreLogic (CLGX), have reportedly hired a proxy solicitor, DF King after CLGX rejected the unsolicited USD 7bln offer. Express (EXPR) announced 95% of its stores are open and its strategic transformation remains on track, while traffic and sales have steadily improved with e-commerce being positive in June. “Comparable sales for open stores sequentially improved from down over 50% in early May to approximately negative 15% by the third week in June. Traffic also improved, from approximately negative 65% in early May to approximately negative 30% by the third week in June. As COVID-19 cases began to spike in several states in late June, the Company saw declines in both sales and traffic in Arizona, California, Florida, and Texas, which were significant enough to impact total results.” Taiwan Semiconductor Manufacturing Company (TSM) reported double-digit sales growth in June; sales were approximately USD 4bln, +28.8% M/M and +40.8% Y/Y. Revenues for the H1 period were around USD 21bln, +35.2% Y/Y. Tencent (TCEHY) is in exclusive talks to purchase Hong Kong game developer Leyou Technologies, according to CNBC. WD-40 (WDFC) Q3 20 (USD): EPS 1.06 (exp. 1.07), revenue 98.2mln (prev. 114mln).
Additional US Equity Stories
Intel Corp. (INTC) has reportedly delayed another major near-term server project, according to SemiAccurate, who reportedly has multiple sources confirming this new delay and none are optimistic about the new schedule. Gilead (GILD) Former FDA Commissioner Gottlieb says the Gilead (GILD) remdesivir data is very encouraging but needs to be confirmed in a prospective trial. United Airlines (UAL) reached a deal with a pilot union representing 13,000 employees regarding voluntary furloughs and early retirements. Nvidia Corporation (NVDA) had a PT upgrade at Rosenblatt Securities to USD 500 from USD 400, noting a secular shift into data-processing units and the co.’s entrance into new markets will drive revenue growth for the co. Carnival Corp. (CCL) preliminary EPS USD -6.07, Adj. EPS -3.30, revenue 740mln (prev. 4.84bln); expects future capacity to be moderated by phased re-entry of its ships, sold one ship in June, has agreements for the disposal of five ships. In total 13 ships expected to leave fleet represent a 9% reduction in current capacity. Reduced operating costs by over USD 7 billion on an annualized basis and reduced capital expenditures also by more than USD 5 billion over the next 18 months. H2 monthly average cash burn expected at USD ~650mln. The company currently expects only five of the nine ships originally scheduled for delivery in fiscal 2020 and fiscal 2021 will be delivered prior to the end of fiscal year 2021. Apple Inc. (AAPL) Apple Silicon 13.3-inch MacBook Pro to go into mass production in the fourth quarter of this year, but also now predicts we will see an Arm-based American Airlines (AAL) has threatened to cancel some Boeing (BA) 737Max orders, a sign of deepening financial stress in the aviation industry.
Alright, Listen up you degenerates scumbag. Some of you just got peg for the first time last Friday and find out that you actually like it. I got news for you it's 2020 and no one gives a flying fuck if you like it both ways. Matter not facts, we expect you to be playing on both team 🌈🐻, 🍆🐂. I'm sure some of you realize by this time that Vegas base casino stock are plummeting faster than a stripper g-string on Superbowl night. Especially those that have too much exposure in SEA like WYNN & LVS. So I'm here to give you degenerates filthy animals a way to scratch your gambling itch. With Vegas out of the picture and MARCH MADNESS & WSOP coming soon. Where do you think Americans will go to 🔥💵 betting on their favorite college basketball team while they got drunks and argue which Point Guard is the best one in the Bracket against their BROS. TSG has the entire east coast sport betting on lock down. Don't forget to thank me on Monday. Will post position if need.
Discussion: Travel related stocks: too late to ride the train down?
Trump just announced that Pence will be in charge of the coronavirus response. The market didn't seem to react in favor to the news, as he wasn't effective while dealing with an HIV crisis in Indiana when he was governor. Dow futures turned negative during the conference as well. All these travel related stocks had a ridiculous drop today of around -2 to -8% on average for each one. What would need to happen before market open tomorrow for these to stop going down? The situation seems to be getting worse everyday. Stocks to look forward to tomorrow:
Most people here are pumping to sell on a dip and that's fine. MARK has been no exception, the hype was built and people (myself included) made money selling high when people bought in. Here's why I'm buying back in; MARK is a long-hold stock that has real value. Predictions, regardless of your source, all have this constantly gaining ground over the next year. They have real, demonstrable partnerships with major companies and organizations across the globe that will only grow in use as public spaces open back up. Vegas isn't just about the casino use from the Wynn deal leaked, the LV Police Department is also using their tech: https://www.casino.org/news/remark-holdings-emerges-from-obscurity-on-wynn-deal-rumors/ https://i.imgur.com/rRczXFc.png As well as departments and shopping centers on the other side of the country: https://greenvillejournal.com/news/haywood-mall-reopens-but-with-added-security/ https://i.imgur.com/wq8WsFE.png They have also shipped, and are expanding, their roll in Asia for government, religious, and industry locations - "today announced that it began shipping and deploying products from its family of AI thermal solutions, including Thermal Kits, Thermal Pads, and Thermal Helmets, in the United States and Japan. "We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy," stated Kai-Shing Tao, CEO of Remark Holdings. "Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks. Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification." http://ir.remarkholdings.com/node/11671/pdf Revenue streams are only going to increase as the use of this kind of tech is normalized worldwide: "The bottom line here is simple. Remark Holdings has created technology that, given the COVID-19 outbreak, is likely to be met with incredibly high demand. As such, revenue growth is likely in the very near future for the company." https://alphastocknews.com/remark-holdings-mark-stock-could-fly-today-as-shorts-are-shunned/3360/ Their access to capital is deep, and they are not all-in on one brand. Multiple apps and website ventures tied with big money investors will keep them primed to constantly grow: https://i.imgur.com/Mm33B64.png https://www.crunchbase.com/organization/remark-media#section-mobile-app-metrics-by-apptopia Basically this is a quality stock to hold, but you should be able to play the constant growth and make money in the dips if you pay attention to the timing of their announcements. Either way, unless you sell in the red, this is as close to sure gains as you can find - especially given COVID19 markets. For those interested their next earnings call is May 28, 2020 at 4:30 p.m. The live conference may be accessed via telephone or online webcast. Date: Thursday, May 28, 2020 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-Free Number: 866.548.4713 International Number: 323.794.2093 Conference ID: 4347844 Online Webcast: http://public.viavid.com/index.php?id=139870 TLDR: Don't panic, this is real value
Today's Pre-Market Movers & News [Monday, January 27th, 2020]
Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-
With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
Treasury yields move lower as coronavirus fears escalate (CNBC)
Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
International oil prices drop below $60 as China virus drives demand concern (Reuters)
More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.
D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.
Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.
Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.
Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.
Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.
Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.
AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).
Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.
Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.
Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.
Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.
Everything I knew about conducting good DD tossed out the window in one earnings report. Im done for now until the market becomes rational again. Trying to justify these price movements is giving me daily migraines, I need a break from this. If anyone still wants to play this stock here's everything that was just COMPLETELY IGNORED in its earnings report yesterday.
43% Decline in revenue
Net loss of over 400 million Q1, -3.54 eps which was -237% below estimated -1.05 eps
Suspended their 5% dividend
Issued $600 million in new 2025 bonds at an 8% yield towards the end of Q1
Still have 2.9 b in cash, equivalents, and restricted cash (bullish, if they are able to reduce cash burn)
Will continue paying their U.S employees salary + benefits through May 15th (I really respect this, but it will result in higher cash burn through Q2)
Q2 Estimate is -1.14 eps, 1.1 B in Revenue. Yeah you heard that right. They will miraculously increase rev and EPS during a historically bad quarter. I mean they've missed earnings 4 times in a row, for sure they won't miss again. /s
Some other financials to consider
Debt to equity ratio of 6
During 2019 traded at an average PE of 70 - for comparison, LVS trades at PE of 11, MGM is at 3
Paying 130 mill per quarter in interest on debt, this will increase slightly with newly issued notes
Assets are depreciating at an average rate of 140 mill per quarter
Where the fuck are S&P and Moodys? It's unclear when WYNN will turn a profit again, are leverage by a multiple of 6, and are issuing 5y bonds at an 8% yield. Credit agencies - DO YOUR FUCKING JOB. Last rating was in Sep from Moodys, where they state
The positive rating outlook reflects Moody's expectation that Boston Encore Harbor, which officially opened June 23, 2019 will ramp successfully during the next 6-12 month period. The positive rating outlook also considers Moody's favorable positive long-term revenue and earnings prospects for the company's Macau, China and Las Vegas Strip, Nevada casino resort assets.
Guess what. None of these locations make money anymore. They probably won't turn a profit for the rest of the year. Why are agencies holding back on downgrading this piece of shit. This stock is up 45% in April. They released most of the info in this post yesterday AH. Stock is up 1% as Im typing this. My puts are toast, probably holding until exp in Sep in case the market decides to suddenly wake the fuck up.
Discussion: Travel related stocks: too late to ride the train down?
Trump just announced that Pence will be in charge of the coronavirus response. The market didn't seem to react in favor to the news, as he wasn't effective while dealing with an HIV crisis in Indiana when he was governor. Dow futures turned negative during the conference as well. All these travel related stocks had a ridiculous drop today of around -2 to -8% on average for each one. What would need to happen before market open tomorrow for these to stop going down? The situation seems to be getting worse everyday. Stocks to look forward to tomorrow:
To start, I’m a bored SE on a Friday so you’ll probably want to inverse all the plays I talk about here for max profit. Also, while I don’t think the Coronavirus is a threat to any of us, it’s still worth discussing the economic impact. First, the stocks most dependent on China: https://www.cnbc.com/2019/05/06/here-are-the-companies-wall-street-is-worried-most-about-if-a-full-blown-trade-war-breaks-out.html https://finance.yahoo.com/news/big-stocks-exposure-china-185734394.html The yahoo link is a little old but use the info as you wish. WYNN reported earnings today and they missed, also reported they’re losing 2-2.5 million US dollars a day. Their Macau casinos will remain shut for 2 weeks minimum. The semiconductors are all way up on the list as well, and are suffering as most of China’s manufacturing has remained shut down (80% of it). Apple supplier Foxconn also delayed the opening of production in Shenzhen, told employees not to return, and lowered its 2020 outlook due to drop in manufacturing. Apple has further delayed the reopening of its retail stores in China. All of these companies (Semis, Apple, Nike, etc) not only rely on China for revenue/sales, but also manufacturing. Most of the semis released earnings recently, prior to any realizing the virus could have a large effect on revenue and supply. I’ll be playing $MRVL earnings for early March, and watching the casinos (WYNN, MGM) into next earnings. If they pop up a bit in the coming weeks I’ll grab some puts for mid May/June because their quarters are going to be poor. Same goes for the other semis with large China exposure. I also expect a SPY pull back just due to the size of the Chinese economy and the length to which it’s been mostly shut down. Additionally, the virus seems to be spreading at a continuous pace with no signs of slowing yet (within China). They can pump a few billion into the market, but that doesn’t come close to making up for the lost revenues and manufacturing from the second largest economy.
Today's Pre-Market Movers & News [Monday, February 3rd, 2020]
Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading month and a fresh start! Here are your pre-market news this AM-
U.S. stock futures were pointing to a higher open, but not close to erasing a significant portion of Friday’s coronavirus-driven sell-off. The Dow had its worst day since August on Friday. The S&P 500 since October. Both were pushed into negative territory for January. The Dow is now at its lowest since Dec. 18, with the S&P 500 finishing at its lowest since Dec. 30. The Nasdaq, however, did manage to finish January with a 2% gain. (CNBC)
Chinese markets plunged on their return from the extended Lunar New Year holiday, and maintained steep declines by the close. The Shanghai composite fell 7.72% while the Shenzhen component dropped 8.45%. The moves in Chinese stocks were playing catch up as the coronavirus outbreak continues to widen. (CNBC)
On today’s U.S. economic calendar, both the ISM manufacturing Index and December construction spending are released at 10 a.m. ET. Food distributor Sysco (SYY) is one of the few companies set to release quarterly earnings this morning, while Google parent Alphabet (GOOGL) grabs the spotlight in today’s after-the-bell reports. The pace of earnings reports picks up substantially over the next few days, with 86 S&P 500 companies scheduled to issue numbers. (CNBC)
Sen. Bernie Sanders, former Vice President Joe Biden, Sen. Elizabeth Warren and former Mayor Pete Buttigieg all have a good chance to leave today’s first-in-the-nation Iowa presidential caucuses with the most delegates. Recent polls show a tight race, and the fluid nature of the caucuses suggest any of the leading candidates could enjoy a surprisingly strong showing in the first nominating contest. (CNBC)
Iowa caucus: What it is, how it works and why it’s important (CNBC)
Big Tech faces high-stakes test with Iowa caucuses (CNBC)
‘I will pay more’: Bloomberg unveils $5 trillion tax plan targeting wealthy and corporations (CNBC)
John Kerry overheard discussing possible 2020 bid (NBC News)
Senate leaders have reached a deal to postpone the final vote in President Donald Trump’s impeachment trial, whether to convict or acquit him, until Wednesday The arrangement delays the vote until after tonight’s Iowa caucus, and the president’s State of the Union Address, scheduled for tomorrow. (CNBC)
Poll: US is split on Trump’s removal from office; top Dems lead him in 2020 race (CNBC)
Key dates on the US presidential election calendar (Reuters)
Italy’s health ministry has confirmed health ministers from the Group of Seven will discuss the coronavirus outbreak in a teleconference call at 8 a.m. ET today.The U.S. reported two more coronavirus cases Sunday, for a total of 11. China’s reported a total of 361 deaths and 17,205 confirmed cases. (CNBC)
Apple temporarily shuts all stores and offices in mainland China (CNBC)
Hong Kong leader Carrie Lam announced today the city would suspend 10 out of a possible 13 border crossings with mainland China in an effort to curb the coronavirus. Thousands of medical workers in Hong Kong went on strike, in hopes of convincing the city’s government to a complete shutdown of its borders with the mainland. (CNBC)
Bernard Ebbers, a former telecom executive convicted in one of the largest corporate accounting scandals in U.S. history, died yesterday, just over a month after his early release from prison. The Canadian-born Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. (AP)
WeWork reportedly intends to name Sandeep Mathrani, a veteran in the real estate industry, as its new CEO. Mathrani was previously CEO at Brookfield Properties’ retail group, and is on the executive board and board of trustees for the International Council of Shopping Centers and the board of directors of Host Hotels & Resorts. (CNBC)
It took 50 years, but the wait is now over for the Kansas City Chiefs after coming back from a 10-point deficit in the third quarter to beat the San Francisco 49ers at Super Bowl LIV at Hard Rock Stadium in Miami. The Chiefs, which last appeared in a Super Bowl in 1970, won their second Vince Lombardi Trophy in three Super Bowl appearances. (CNBC)
Watch all the Super Bowl commercials right here (CNBC)
Tom Brady’s cryptic tweet was just an ad for Hulu (CNBC)
Las Vegas Sands (LVS), Wynn Resorts (WYNN) – These will be among casino stocks on watch, on news that gambling revenue in Macao fell a worse-than-expected 11.3% amid the spread of the coronavirus.
Delta Air Lines (DAL), American Airlines (AAL), United Airlines (UAL) – These and other airline stocks will also be in the spotlight, as new restrictions on travel to and from China are implemented.
Apple (AAPL) – Apple shut down all its stores and corporate offices in mainland China due to the coronavirus. The closure is scheduled to last until Feb. 9.
Check Point Software (CHKP) – Check Point reported quarterly profit of $2.02 per share, 3 cents a share above estimates. The cybersecurity company’s revenue also beat Street forecasts, boosted by an increase in subscriptions.
Boeing (BA) – Boeing faces a new obstacle in getting the grounded 737 Max back in service, according to The Wall Street Journal. The paper quotes people familiar with the matter as saying that European regulators want what they regard as potentially hazardous wiring relocated to avoid short circuits.
Verizon (VZ) – Verizon was downgraded to “neutral” from “outperform” at Credit Suisse, which said the stock lacks positive near-term catalysts. Credit Suisse feels positive influences for the stock are weighted toward the back half of the year, ahead of the mass market launch of 5G service.
Nike (NKE) – The athletic footwear and apparel maker’s stock was added to the “Analyst Focus List” at J.P. Morgan Chase, which sees a recent pullback as a buying opportunity. J.P. Morgan points to Nike’s innovation and product pipeline.
Uber (UBER) – Uber was added to the “Best Ideas” list at Wedbush, which feels the ride-hailing service has laid the groundwork for growth, especially amid the streamlining of the Uber Eats operation.
Northrop Grumman (NOC) – The defense contractor’s stock received a double downgrade at Goldman Sachs, which pushed its rating to “sell” from “buy.” Goldman said the company’s organic revenue growth is slower than that of its peers and that profit margins are compressing.
View WYNN's stock price, price target, earnings, financials, forecast, insider trades, news, and SEC filings at MarketBeat. S&P 500 3,911.23. DOW 31,375.83. QQQ 333.51. Businesses start to rethink Myanmar as coup ignites protests. Lilly exec resigns after relationship that violated policy. 3 High-Flying Growth Stocks to Buy on Dips. Analysis: Child poverty a hidden focus of virus relief plan WYNN Stock Summary. The capital turnover (annual revenue relative to shareholder's equity) for WYNN is -23.8 -- better than only 0.89% of US stocks. WYNN's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 97.3% of US stocks. As for revenue growth, note that WYNN's revenue has grown -53.9% over the past 12 months; that beats the revenue growth Wynn Resorts stock falls after 5.5 million share common stock offering. Shares of Wynn Resorts Ltd. fell 3.4% in premarket trading Monday, after the casino operator and gaming company announced a Find the latest news headlines from Wynn Resorts, Limited Common stock (WYNN) at Nasdaq.com. Wynn Resorts Stock Earns ‘Neutral’ Rating as Analyst Forecasts Lengthy Macau Recovery. Posted on: February 7, 2021, 01:36h. Last updated on: February 7, 2021, 01:36h. Wynn Resorts stock falls after 5.5 million share common stock offering. Shares of Wynn Resorts Ltd. fell 3.4% in premarket trading Monday, after the casino operator and gaming company announced a Stock Market News; Retirement Getting Started Now Is Not the Time to Buy Casino Stocks Resort operators' shares were down across the board before staging a brief recovery -- the storm is far Get the latest news and breaking stories for Wynn Resorts (WYNN) stock. Includes articles, videos and real-time news from StockTwits. Shares of casino company Wynn Resorts (NASDAQ: WYNN) jumped as much as 9.9% in trading Friday after the company reported fourth-quarter 2020 results. Quarterly revenue dropped 58.5 million to $686 million, well short of the $751 million analysts expected. Management said it's seen an uptick in bookings in the last two weeks and convention bookings for the third and fourth quarters of this year WYNN | Complete Wynn Resorts Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Learn how to make money trading casino stocks like Wynn and Las... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Hey everyone checkout how I was able to make over $1700 trading Wynn stock by selling covered calls. Also in this video you will get an update on my portfolio as well as my previous trades from ... Las Vegas Sands reported a fourth-quater profit of $273 million. But the results missed forecasts, sparking a selloff in the casino operator's stock. Wynn Resorts and MGM are traded lower. Casino stock prices have fallen considerably since the 2020 market crash, but investors could have an opportunity to cash in when consumer spending returns t... Market was down pretty good today so I did a lot of cost averaging. Also was able to pick up one of my favorites, EXAS. I've traded that stock since 1999. Want to join our free STOCKHUB discord chat? Here is the link https://discord.gg/MkquuN7 Today I loaded up on some Wynn resorts stock! I almost never buy for... Hedge fund manager Ricky Sandler joins "Halftime Report" to discuss stocks.Casino stocks surged, led by a 43% gain from Boyd Gaming, as investors appear to s... CNBC's Contessa Brewer reports the highlights of her interview with new Wynn Resorts President and CEO Matt Maddox, including Steve Wynn's resignation and what he sees for the gaming giant going ... Real estate and casino mogul Steve Wynn, 76, has been accused of sexual misconduct by dozens of people who shared similar accounts of his alleged pattern of abuse, The Wall Street Journal reported. Forget Wynn, Buy This Growth & Income Casino Stock Instead - Duration: 8:31. Zacks Investment Research 1,245 views. 8:31. Why I Spent $6,000 On This Dividend Stock Today - Duration: 15:04.
