More than two years after a government crackdown on corruption sent Macau gaming stocks tumbling, The Chinese government has unveiled yet another new regulation on the Macau gaming industry that has hit gaming stocks hard. The latest new law cut the daily ATM withdrawal limit in Macau from 10,000 patacas to 5,000 patacas, or roughly $626.
Unfortunately, transparency and predictability has never been one of the Chinese government’s strong points. Wynn Resorts, Limited (NASDAQ: WYNN) CEO Steve Wynn said the government’s behavior was “preposterous” when it kept operators in the dark about how many table games they would be allotted just weeks prior to opening billion-dollar new resorts. For the record, none of the major operators that have opened resorts in the past two years have received the table allotment they requested.
Although the U.S. gaming market likely doesn’t have the kind of long-term growth potential that Macau does, U.S. casinos are doing just fine these days. In the current fiscal year, Las Vegas Strip revenue is trending about 6% ahead of last year, and other regions of the country are doing even better. For better or worse, U.S. stock investors likely won’t have to worry about new regulations in the next four years under President-elect Trump.
Best Casino Stocks To Buy Right Now: West Pharmaceutical Services, Inc.(WST)
- [By Lee Jackson]
West Pharmaceutical Services
This below the radar company could offer a big upside for shareholders this year. West Pharmaceutical Services Inc. (NYSE: WST) is a leading manufacturer of components used for injectable drug delivery systems, including rubber stoppers and syringe plungers, and also offers contract manufacturing services to the healthcare and consumer products industry.
- [By Ethan Ryder]
West Pharmaceutical Services (NYSE: WST) and Carlisle Companies (NYSE:CSL) are both mid-cap medical companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, valuation, profitability, risk, dividends, earnings and institutional ownership.
- [By Logan Wallace]
Get a free copy of the Zacks research report on West Pharmaceutical Services (WST)
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Best Casino Stocks To Buy Right Now: Phillips 66(PSX)
- [By Dan Caplinger]
By contrast, the move that Buffett made with refining giant Phillips 66 (NYSE:PSX) was more dramatic. In the first quarter, Berkshire sold off more than 40% of its stake in Phillips 66, with a 35 million share sale. That move generated more than $3.3 billion in cash for the insurance giant.
- [By ]
Berkshire’s biggest winners in the stock market so far this year are MasterCard Inc. (MA) , up 23%; Sirius XM Holdings Inc. (SIRI) , up 18%; Phillips 66 (PSX) , up 14%; Visa Inc. (V) , up 11%; and Moody’s Corp. (MCO) , also up 11%, according to FactSet.
- [By Logan Wallace]
Colonial Trust Advisors trimmed its holdings in Phillips 66 (NYSE:PSX) by 10.7% in the first quarter, Holdings Channel reports. The institutional investor owned 5,870 shares of the oil and gas company’s stock after selling 701 shares during the quarter. Colonial Trust Advisors’ holdings in Phillips 66 were worth $563,000 as of its most recent filing with the SEC.
- [By Matthew DiLallo]
This strategy of acquiring assets from a large parent company to grow an MLP’s payout has worked well over the years. Refining giant Phillips 66 (NYSE:PSX) has been one of the most successful with this strategy since creating Phillips 66 Partners (NYSE:PSXP) in 2013. At that time, Phillips 66 launched an ambitious plan to grow its MLP’s distribution at a 30% compound annual rate through 2018 via a steady stream of dropdown transactions. Phillips 66 Partners is right on target, having increased the payout at a 31% compound annual growth rate since the IPO while maintaining solid financial metrics, including covering the payout with cash flow by a very comfortable 1.33 times last quarter and maintaining a conservative debt-to-EBITDA ratio of 3.2 in 2017. This strategy has also richly rewarded investors in Phillips 66 Partners, which has generated a total return of 89% since its IPO despite a recent sell-off, easily ahead of the S&P 500’s nearly 73% total return over that time frame.
Best Casino Stocks To Buy Right Now: Sony Corp Ord(SNE)
- [By ]
The Aeolus Robot, which got plenty of attention at this year’s CES, was shown delivering drinks and vacuuming floors during demos; its creators promise the robot will integrate with popular voice assistants. LG has shown off a robot that can act as a smart-home hub, as well as a line of robots meant for hotels, airports and other venues servicing consumers (they can do things like carry bags and groceries). And last week, Sony (SNE) announced it’s forming an R&D partnership with Carnegie Mellon related to developing cooking robots.
- [By Ethan Ryder]
Sony Corp (NYSE:SNE) was the target of unusually large options trading on Wednesday. Stock investors bought 7,772 call options on the company. This represents an increase of approximately 1,729% compared to the typical volume of 425 call options.
- [By Stephan Byrd]
Sony (NYSE: SNE) and Knowles (NYSE:KN) are both consumer discretionary companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, institutional ownership, earnings, profitability, analyst recommendations, risk and valuation.
- [By Leo Sun]
As a result, only a niche group of gamers use the Rift and Vive for gaming. Sony’s (NYSE:SNE) PlayStation VR for the PS4 faces the same problem. It sold 2 million PSVRs by the end of 2017, but that represents a sliver of the 78 million PS4s it sold worldwide.
Best Casino Stocks To Buy Right Now: Coca-Cola Company (KO)
- [By Lisa Levin]
Analysts at Barclays upgraded The Coca-Cola Company (NYSE: KO) from Equal-Weight to Overweight.
Coca-Cola shares rose 0.91 percent to $41.93 in pre-market trading.
- [By Lisa Levin]
The Coca-Cola Co (NYSE: KO) reported upbeat results for its first quarter.
The company said it earned 47 cents per share in the first quarter on revenue of $7.6 billion versus expectations of 46 cents per share and $7.3 billion.
- [By ]
What I like here is the fact that 3G is actively searching for acquisitions for Heinz to help settle the debt. Recently, an attempt was made to acquire Unilever, and I fully expect these acquisition forays to continue until a suitable target is captured. Some analysts have gone as far to say that monster Coca-Cola (NYSE: KO) may be being seriously considered!
- [By Dan Caplinger]
The key to global success for consumer companies is building a strong brand, and you won’t find two better examples of how to go about doing that than Coca-Cola (NYSE:KO) and Philip Morris International (NYSE:PM). Their iconic Coke soft drinks and Marlboro cigarettes have enjoyed continuous popularity around the world for a long time — and in the case of Philip Morris International, since long before it split from its U.S. parent.
- [By Garrett Baldwin]
Markets are keeping a close eye on the 10-year bond, which is hovering near 3% – an important psychological level that is likely to influence future price movements. On Monday, Fox Business Network’s “Varney & Co.” asked Money Morning Chief Investment Strategist Keith Fitz-Gerald if investors should be worried. Here’s what Keith had to say about the 10-year Treasury yield… and how it will affect your stocks and bonds in the future.
The price of Brent crude oil topped $75.00 and hit its highest level since November 2014. Oil traders were eyeing the ongoing efforts of OPEC and Russia to reduce excessive production around the globe, rising demand ahead of peak driving season, and the possibility that the Trump administration will slap Iran with a new round of sanctions.
Three Stocks to Watch Today: KO, GOOGL, SLM
Shares of The Coca-Cola Co.(NYSE: KO) added 1.2% after the firm easily beat earnings and revenue expectations. The firm cited strong demand for its new flavors of Diet Coke and its Coke Zero Sugar. Demand was so strong for the quarter that the firm reported organic sales growth of 5%. The company reported earnings per share of $0.47, topping estimates by a penny. Revenue of $7.6 billion easily beat Wall Street estimates.
Shares of Alphabet Inc. (Nasdaq: GOOGL) seesawed in pre-market hours. The online search giant topped Wall Street earnings and revenue expectations after the bell Monday. However, shares were off 0.5% after executives announced that its business costs were on the rise. The firm’s real estate and computer purchases tripled in one year, to $7.3 billion. About one-third of that total came from its $2.4 billion purchase of the Chelsea Market building in New York City.
Good news for SLM Corp.(NYSE: SLM) investors, but bad news for indebted college students and graduates. The firm – also known as Sallie Mae – topped Wall Street earnings expectations on Monday. The firm said that it increased its loan o
- [By Jeremy Bowman]
Other Dividend Aristocrats likeCoca-Cola(NYSE: KO) or Procter & Gamble(NYSE: PG)have become slow-growth companies, but aren’t necessarily cheap. Investors often pay a premium for companies with strong brands and long histories of success, paying up for the security of a reliable investment and dividend stream. Both stocks have significantly underperformed theS&P 500 over virtually every time frame you could pick in the last decade. In other words, a long history as a dividend raiser isn’t a guarantee of outperformance, nor do the most consistent dividend stocks trade at value prices.
Best Casino Stocks To Buy Right Now: Oaktree Capital Group, LLC(OAK)
- [By Benzinga News Desk]
President Donald Trump hinted he may intervene in the Justice Department’s Russia investigation, as a Senate panel advanced a measure to protect Special Counsel Robert Mueller: Link
USA GDP (QoQ) for Q1 2.30% vs 2.00% Est; Prior 2.90%
The University of Michigan's consumer confidence index for April is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
Data on farm prices for the recent week will be released at 3:00 p.m. ET.
Stifel upgraded Facebook (NASDAQ: FB) from Hold to Buy
Morgan Stanley upgraded Acacia Communications (NASDAQ: ACIA) from Underweight to Equal-Weight
Jefferies downgraded Sunoco (NYSE: SUN) from Hold to Underperform
KBW downgraded Oaktree Capital (NYSE: OAK) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Max Byerly]
Shares of Oaktree Capital Group LLC (NYSE:OAK) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.40.
- [By Steve Symington, Jeremy Bowman, and Demitrios Kalogeropoulos]
So to help get you started, we asked three top Motley Fool investors to each pick a stock with an annual dividend yield ofat least5%. Read on to learn why they like Oaktree Capital (NYSE:OAK), Ford Motor (NYSE:F), and Cedar Fair (NYSE:FUN).
- [By Chris Neiger, Danny Vena, and Jordan Wathen]
To help investors find great companies to invest in — that are also top dividend stocks — we asked three Motley Fool investors for a list of such companies and they came back with Physicians Realty Trust (NYSE:DOC), Oaktree Capital Group (NYSE:OAK), and Enbridge (NYSE:ENB).