Wynn Resorts Ltd
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Some of the names on the move ahead of the open.
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Wynn Resorts on Monday reported strong quarterly earnings, fueled by growth in Las Vegas and Macau, China's gambling haven. The company created by casino mogul Steve Wynn posted second-quarter income 82 cents a share, compared with a year-earlier net loss of $20.1 million, or 20 cents per share.
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Pinnacle, International Game Tech and Wynn Resorts are the best gaming sectors to invest, analyst Joe Greff at Bear Stearns told CNBC's “Squawk on the Street.”
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The 2008 Olympic games are in Beijing. The city alone is investing nearly $40 billion to put on China's best public face to the world. From subways to stadiums, water treatment projects to wireless systems, companies around the world are landing big contracts to help China make the best of its coming-out party. But one big question remains…is China actually fixing its problems - or just sweeping them under the rug until the world looks away?
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Stocks ended mixed and the S&P 500 failed to close at a new record for the second straight session. "We started out a little weak, and then we had a nice little rally, but the buyers were already in and there was no place for stocks to go but down," said Tom Schrader, head of listed trading at Stifel Nicolaus. "It's indicative of the late stages of a bull market."
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Asset sales and earnings reports catalyzed the most actively traded stocks on Tuesday.
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Billionaire investor Kirk Kerkorian's Tracinda said it would explore strategic options for its investment in MGM Mirage and would enter talks to purchase the No. 2 U.S. casino operator's Bellagio Hotel and Casino, and CityCenter properties in Las Vegas.
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Billionaire investor Kirk Kerkorian's Tracinda said it would explore strategic options for its investment in MGM Mirage and would enter talks to purchase the No. 2 U.S. casino operator's Bellagio Hotel and Casino, and CityCenter properties in Las Vegas.
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Best Buy, Under Armour, Wynn Resorts and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Casino operator Wynn Resorts said it beat Wall Street's quarterly net profit and revenue estimates and its shares jumped more than 5% in extended trade.
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Timothy Sykes is back with his latest round of picks. Let's get right to them. By the way, he says he can't get enough of this as he's determined to come up with winners! Here his post: Instead of just commentating, I really wish I was playing this game! But when CNBC asked me to appear on air, I disqualified myself so there would be no conflict of interest with my picks. Ah, regulations, even in a contest, you gotta love them!
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The gaming industry is ripe for buyout offers from private equity, Cramer says. If you play your cards right and buy this casino stock ahead of a takeover, you could beat the house.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Sports Illustrated chooses Beyoncé to grace the cover of its swimsuit issue. Major League Baseball deals with another fight over a World Series last-out ball. Vegas bookie picks English springer spaniel to win best in show.
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With over 150,000 CES attendees in town this week, Vegas hotels are mobbed and most folks are having a rip-roaring good time. Over at the Bellagio, the endless snow crab buffet sends masses swooning. The Mirage is pulsating with activity... Even that elderly woman at the five-cents slots--you know the one: a vodka tonic in one hand, cigarette in the other and the death stare if you try to edge in on her territory--even cracked a smile. So why is everyone so darn serious at the Wynn?
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Melco PBL Entertainment started trading on the Nasdaq today. The gambling company--based in Hong Kong--has generated $1.14 billion dollars so far, and it priced at $19, above its opening range. Co-Chairmen Lawrence Ho and James Packer said on “Squawk on the Street” that with only six operating licenses available in the Chinese territory of Macau...