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Jefferies Rating and PT Updates 8/4
Thursday, August 4, 2011 - 7:12am | 1311Jefferies made a number of rating and price target changes in a research report published today. AstraZeneca PLC (NYSE: AZN) had its rating upgraded from Underperform to Hold. On Wednesday, AZN lost 0.34% of its value to finish the day at $47. Its shares continued to slide in today's pre-market...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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Memories 08-03-2011
Wednesday, August 3, 2011 - 5:27pm | 1013Cusick's Corner Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a...
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Multimedia Games' Amended Credit Agreement Lowers Borrowing Costs and Extends Maturity Date
Wednesday, August 3, 2011 - 3:32pm | 236Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) announced today that it has amended and extended its credit agreement with Comerica Bank and its other lenders to, among other items, significantly reduce effective interest rates, reduce the total borrowing capacity available under the credit...
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UPDATE: Bank of America Downgrades Boyd Gaming Corp from Buy to Underperform
Wednesday, August 3, 2011 - 8:55am | 120Bank of America has published a report on Boyd Gaming Corp (NYSE: BYD) downgrading the company. In the report, Bank of America wrote, "While we've been right on the Strip recovery, we've been wrong on BYD's ability to participate due to a less favorable U.S. outlook. Ultimately, we think you need...
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Bank of America Downgrades Boyd Gaming To Underperform, Lowers PO To $7
Wednesday, August 3, 2011 - 8:01am | 29Bank of America has downgraded Boyd Gaming (NYSE: BYD) from Buy to Underperform and has lowered the price objective from $11 to $7.
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Benzinga's Top Pre-Market Gainers
Wednesday, August 3, 2011 - 6:57am | 100Juniper Networks Inc (NYSE: JNPR) rose 3.69% to $23.60 in the pre-market session. JNPR's PEG ratio is 1.02. Wynn Resorts Limited (NASDAQ: WYNN) added 1.31% to $148.76 in the pre-market session. Macau posted a 48.4% surge in July gambling revenue. Chesapeake Energy Corporation (NYSE: CHK) moved up...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 3:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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NASDAQ Stocks Hitting 52-Week Highs
Monday, August 1, 2011 - 9:01am | 119Melco Crown Entertainment Limited (NASDAQ: MPEL) shares jumped 6.15% to create a new 52-week high of $16.06. Macau posted a 48.4% surge in July gambling revenue. National American University Holdings Inc (NASDAQ: NAUH) shares gained 2.83% to touch a new 52-week high of $10.54. NAUH is scheduled to...
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Morgan Stanley Reiterates Overweight on Las Vegas Sands
Monday, August 1, 2011 - 5:21am | 61Morgan Stanley reiterated its Overweight rating on Las Vegas Sands (NYSE: LVS). At the moment, the rating agency has a price target of $56 placed on the company's stock. On Friday, LVS added 0.08% to its value to finish the day at $47.18. Its shares added 0.81% to its value in today's pre-market...
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Jefferies Reports On Gaming & Lodging
Friday, July 29, 2011 - 9:14am | 122Jefferies released a report on Gaming & Lodging. Here are the key points: Starwood (NYSE: HOT) announced EPS of $0.50, which was $0.01 behind initial estimates. They have a rating of Buy and closed yesterday at $55.36. Morgans Hotel Group (NASDAQ: MHGC) reported a new $100 credit facility...
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Stantec Signs Letter of Intent to Acquire Bonestroo
Thursday, July 28, 2011 - 8:07am | 51North American design firm Stantec (NYSE: STN) announced today that it has signed a letter of intent to acquire Minnesota-based Bonestroo, Inc. The engineering, planning, and environmental science firm has approximately 275 employees in eleven offices in Minnesota, Wisconsin, Illinois, Michigan and...
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 4:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Calls Purchased on Scientific Games
Wednesday, July 27, 2011 - 1:29pm | 114Shares of Scientific Games (NASDAQ: SGMS) are lower on the session by 0.85%, currently trading at $9.31. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago...