If you want a Stock Review on WYNN, BYD, CCL, or LQ then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Companies in the Hotel/Gaming Industry may be divided into two categories: those that operate strictly in the hospitality market, and those running resorts and/or gaming businesses. Pre-market today, DailyStockTracker.com focuses on four Resorts and Casinos stocks, particularly: Wynn Resorts Ltd (NASDAQ: WYNN), Boyd Gaming Corp. (NYSE: BYD), Carnival Corp. (NYSE: CCL), and La Quinta Holdings Inc. (NYSE: LQ). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:
Las Vegas, Nevada-based Wynn Resorts Ltd’s stock finished Tuesday’s session 0.12% lower at $130.07 with a total trading volume of 1.79 million shares. Over the previous three months and since the start of this year, the Company’s shares have advanced 5.35% and 50.35%, respectively. The stock is trading above its 200-day moving average by 17.98%. Moreover, shares of Wynn Resorts, which develops, owns, and operates destination casino resorts, have a Relative Strength Index (RSI) of 48.83.
On July 25th, 2017, Wynn Resorts reported financial results for Q2 ended June 30th, 2017. Net revenues for Q2 2017 were $1.53 billion, GAAP net income was $74.9 million, adjusted net income was $120.9 million, and adjusted property EBITDA was $430.0 million. Cash, cash equivalents, restricted cash, and investment securities were $2.80 billion at June 30th, 2017.
On July 26th, 2017, research firm Telsey Advisory Group downgraded the Company’s stock rating from ‘Outperform’ to ‘Market Perform’, with a target price of $150 per share. Your complete research report on WYNN can be retrieved for free at:
Shares in Las Vegas, Nevada headquartered Boyd Gaming Corp. declined 1.39%, ending yesterday’s session at $26.30. A total volume of 1.28 million shares was traded, which was above their three months average volume of 1.22 million shares. The stock has gained 4.45% in the past month, 6.91% in the previous three months, and 30.39% on an YTD basis. The Company’s shares are trading 3.69% above their 50-day moving average and 20.18% above their 200-day moving average. Moreover, shares of Boyd Gaming, which together with its subsidiaries, operates as a multi-jurisdictional gaming company, has an RSI of 58.65.
On July 27th, 2017, Boyd Gaming reported financial results for Q2 ended June 30th, 2017. Net revenues for the quarter were $599.9 million, income from continuing operations was $27.6 million, and total adjusted EBITDA was $151.2 million. As of June 30th, 2017, the Company had cash on hand of $163.0 million and total debt of $3.19 billion.
On July 28th, 2017, research firm Telsey Advisory Group reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $29 a share to $30 a share. A free report on BYD is just a click away at:
On Tuesday, Miami, Florida headquartered Carnival Corp.’s stock climbed 0.04%, to close the day at $68.03. A total volume of 3.55 million shares was traded, which was above their three months average volume of 2.96 million shares. The Company’s shares have advanced 3.33% in the last one month, 7.61% in the previous three months, and 30.68% on an YTD basis. The stock is trading 3.34% and 17.34% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Carnival, which operates as a leisure travel and cruise company, have an RSI of 65.89.
On July 19th, 2017, Carnival announced that Jason Glen Cahilly, former Chief Strategic and Financial Officer of the National Basketball Association, has been appointed to the Company’s Boards of Directors, effective immediately. The announcement was made following the quarterly meeting of the Company’s Boards of Directors on July 18th, 2017, in Venice, Italy. Sign up for your complimentary research report on CCL at:
Shares in Irving, Texas headquartered La Quinta Holdings Inc. ended the day 1.31% higher at $15.50. A total volume of 1.38 million shares was traded, which was above their three months average volume of 1.06 million shares. The stock has gained 7.04% in the last one month, 14.73% in the previous three months, and 9.08% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 5.78% and 13.53%, respectively. Furthermore, shares of La Quinta, which owns, operates, and franchises select-service hotels under the La Quinta brand, have an RSI of 68.88.
On August 07th, 2017, La Quinta reported results for the quarter ended June 30th, 2017. Net income for Q2 2017 was $16.8 million, adjusted net income was $20.4 million, and total adjusted EBITDA was $100.9 million. For Q2 2017, the Company grew system-wide comparable RevPAR 1.9% over the same period of 2016, driven by 3.0% growth in its franchise locations and 0.6% growth in its owned hotels.
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you‘re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
To post and circulate your own press release on FIR and the eTN Network please click here