Six months after hurricanes ravaged the island, Puerto Rico experienced a tourism boom this Easter.
Tourists flocked to the island for Easter, Passover and spring break vacations in record numbers, according to The Puerto Rico Tourism Company, a San Juan promoter for tourism on the island.
Many hotels operated at or near 100% occupancy during the holiday weekend that began on March 30. The Tourism Company said the surge is evidence that the tourism is on the rebound.
Travel and tourism are hugely important to the bankrupt island and accounted for more than 8% of its GDP in 2017, according to a World Travel and Tourism Council report.
Nils Stolzlechner, general manager of the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort near San Juan, said the 400-room hotel was sold out over the Easter weekend — a record for sales and occupancy. He said that guests spent twice as much at the restaurants and the casinos compared to any other Easter weekend over the last five years.
Top Casino Stocks To Own For 2019: Biogen Idec Inc(BIIB)
- [By Chris Lange]
Ionis Pharmaceuticals Inc. (NASDAQ: IONS) shares made a handy gain on Friday after the firm announced an expanded strategic collaboration with Biogen Inc. (NASDAQ: BIIB). Through this partnership, these companies are planning to tackle and develop novel antisense drug candidates for a broad range of neurological diseases.
- [By Brian Orelli]
Shares of Ionis Pharmaceuticals (NASDAQ:IONS) ended the day down 10.6% after an earnings reportfrom partner Biogen (NASDAQ:BIIB) started the day on a sour note. Then shares dropped even further midday after data was releasedfor IONIS-HTTRx, a treatment for Huntington’s disease. Biogen managed to end the day in the green, up 1.1%.
- [By Brian Feroldi]
Data source: Alkermes. GAAP = generally accepted accounting principles.
What happened with Alkermes this quarter?
Sales of Alkermes’opioid- and alcohol-abuse prevention drug Vivitrol grew 7% to $62.7 million. Sales of the company’sschizophrenia drugAristadarose 62% to $29.2 million. Manufacturing and royalty revenue related toJohnson & Johnson’s schizophrenia drugs jumped 15% to $68.8 million. Manufacturing and royalty revenue related toAcorda Therapeutics’ multiple sclerosis drugfell3% to $28.3 million. Research and development revenue earned as part of its collaboration withBiogen (NASDAQ:BIIB) for BIIB098 — which used to be called ALKS 8700 — was $17.5 million.
Looking beyond the financials, here’s an overview of the key events from the period:
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Biogen Inc. (NASDAQ: BIIB) which traded down nearly 4% at $329.58. The stocks 52-week range is $244.28 to $348.84. Volume was 1.2 million matching the daily average of 1.2 million shares.
Top Casino Stocks To Own For 2019: Select Medical Holdings Corporation(SEM)
- [By ]
Select Medical Holdings (SEM) : “I’d go with the best and that’s HCA Holdings (HCA) .”
Cramer and the AAP team say Citigroup (C) shows steady progress in first-quarter earnings report. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
- [By ]
Cramer was bearish on Oclaro (OCLR) , Stratasys (SSYS) , Washington Prime Group (WPG) and Select Medical Holdings (SEM) .
In his “No-Huddle Offense” segment, Cramer proclaimed that it’s a fallacy to think that a low price/earnings multiple always means a stock is too cheap. Sometimes, the earnings estimates are simply too high.
Top Casino Stocks To Own For 2019: Layne Christensen Company(LAYN)
- [By Logan Wallace]
Headlines about Layne Christensen (NASDAQ:LAYN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Layne Christensen earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.8722865003839 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Top Casino Stocks To Own For 2019: Wal-Mart Stores, Inc.(WMT)
- [By Paul Ausick]
The company has to string several weeks like that together if it wants to escape its position as the worst performing Dow stock for the year to date. The stock has dropped 14.4% so far in 2018. The second-worst Dow stock so far this year is Procter & Gamble Co. (NYSE: PG), which is down 12.6%, followed by Exxon Mobil Corp. (NYSE: XOM), which is 10.9% lower. Then comes Walmart Inc. (NYSE: WMT), down 10.2%, and McDonald’s Corp. (NYSE: MCD), 8.7% lower.
- [By ]
Many investors have bought into the notion that gold will retain its value during inflationary times as the purchasing power of fiat currency (those are the paper bills you have in your wallet) declines. However, unless the world goes completely “Mad Max” on us, we’re currently not able to go to our neighborhood Walmart (NYSE: WMT) and plink down a few krugerrands for a gallon of 1 percent milk and a box of Kraft mac and cheese.
- [By Paul Ausick]
Walmart Inc. (NYSE: WMT) dropped 4.21% last week and shares are down 13.5% for the year to date. The company has been waging anear-life and death battle with Amazon that is both costly and only a moderate success. Walmart’s dividend yield at Friday’s close was 2.39%, and shares still trade up by over 22% over the past 12 months.