Casinos & Gaming

Half of the trading day is already gone, but here are the setups that I like the most heading in the afternoon of trading. All seven plays are very strong, but on two of them, you will want to make sure volume picks up with the breakout. I actually got in BWS already this morning. Read more...

At 10:05 am, the Dow rose 0.58% to 12,699.25, the broader Standard & Poor's 500 index moved up 0.80% to 1,349.96 and the NASDAQ composite index gained 0.76% to 2,855.46. The industries that are driving the market today are: Home Furnishing Stores: This industry jumped 2.48% by 10:05 am. The...

Citi reiterated its Hold rating on MGM Resorts (NYSE: MGM). At the same time, Citi raised its price target on the company's stock from $15.70 to $16. On Wednesday, MGM added 1.97% to its value to end the day at $13.97. Its shares continued to climb in today's pre-market trading, after rising 1.65%...

Brean Murraey Carret & Co is initiating coverage on Las Vegas Sands (NYSE: LVS) with a Buy rating and a $53 price target on shares. In a note to clients, Brean Murraey Carret & Co writes, "We are initiating coverage of Las Vegas Sands Corp. with a Buy rating and a $53 target price, based...

MTR Gaming Group, Inc. (Nasdaq: MNTG) today announced that it has commenced cash tender offers and consent solicitations for any and all of outstanding (i) 9% Senior Subordinated Notes due 2012 issued by the Company and (ii) 12.625% Senior Secured Notes due 2014 issued by the Company. As of the...

Citigroup has raised the price target on MGM Resorts (NYSE: MGM) from $15.70 to $16 and maintains its Hold rating.

BMC initiated its coverage of Wynn Resorts (NASDAQ: WYNN) with a Buy rating and a price target of $175. On Wednesday, Wynn added 1.41% to its value to end the day at $153.29.

Brean Murray Carret & Company has initiated coverage on Las Vegas Sands Corporation (NYSE: LVS) with a Buy rating and $53 price target.

Brean Murray Carret & Company has initiated coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating and $175 price target.

Shares of WMS Industries (NYSE: WMS) are lower on the session by 5.59%, trading at $28.18. Overall call volume is now running at 3.07x the daily average, with 0% of all calls traded being purchases on the offer. 1,030 contracts have traded on the session so far. WMS Industries Inc. serves the...

Shares of International Game Technology (NYSE: IGT) gained about 0.3% after the company appointed Eric A. Berg as its President, effective July 18, 2011. Shares of Signature Bank (NASDAQ: SBNY) dropped about 2.4% after the company announced its plans to sell 4.1 million shares of common stock in...

International Game Technology (NYSE: IGT) CEO Patti S. Hart announced today that she has hired Eric A. Berg to fill the position of President, effective July 18, 2011, subject to obtaining regulatory approvals. Berg comes to IGT from SunGard Availability Services, a $1.5 billion revenue business...

Shares of International Game Technology (NYSE: IGT) ended the session lower by 1.83%, trading at $17.66. While the stock has been trading in a wide channel over the past three months, call buyers are looking for shares to burst higher over the next few weeks. The August $19.00 strike saw some...

Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...

Shares of International Game Technology (NYSE: IGT) are lower on the session by 1.22%, currently trading at $17.77. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A...