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☆ What worked and didn't work this week from AI and cybersecurity to consumer stocks and gaming
▼ + stars: | 2024-03-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

AI trade: Market gains accelerated since the Morning Meeting, with both the Nasdaq Composite and S & P 500 rising to new all-time highs. Casino stocks : Wynn shares and other Macao gaming stocks fell after the region's Gaming Inspection and Coordination Bureau reported February gross gaming revenue (GGR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Salesforce, Consumer Staples, Locker, Wynn, Stifel, Jim Cramer's, Jim Organizations: CNBC, Market, Nasdaq, Dell Technologies, Dell, Semiconductor, Energy, Tech, Consumer, Palo Alto Networks, Broadcom, Bausch Health, GE Healthcare, Health Care, Apple, Wynn Resorts, Wynn, Jim Cramer's Charitable Locations: U.S, China, Macao

☆ DraftKings edged out FanDuel for the first time as the market-share leader in US online gambling, a new report shows
▼ + stars: | 2023-10-19 | by ( Margaret Fleming | Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

There's a new top dog in US online gambling. DraftKings edged out rival FanDuel for the largest portion of online gambling market share in the US, according to a Wednesday report from the market research firm Eilers & Krejcik Gaming. DraftKings had amassed about 31% of online gambling gross gaming revenue in the third quarter through August 23, while FanDuel's market-share lead had dipped to 30%. But DraftKings' share has steadily grown steadily since, per the report. FanDuel, meanwhile, has fallen from a Q1 2023 peak of 37% online gambling share.

Persons: FanDuel, DraftKings, sportsbooks, Penn, BetMGM Organizations: Krejcik, Gross, Golden, ESPN Bet, Caesars Entertainment, FanDuel, Wall Locations: BetMGM, Bet365

☆ What Las Vegas Sands' strong earnings report tells us about Wynn Resorts
▼ + stars: | 2023-10-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

A rebound in spending by Chinese travelers helped Las Vegas Sands ' (LVS) deliver a strong quarter on Wednesday. It should help Club holding Wynn Resorts (WYNN), too. Wynn stock gained 2.4% to $88 apiece. WYNN YTD mountain WYNN stock year-to-date performance. "A relevant question is can the market grow to $30 billion, $35 billion, $40 billion of GGR and beyond?

Persons: Macao's EBITDA, Wynn, WYNN, Robert Goldstein, Jim Cramer's, Jim Cramer, Jim, Bob Henry Organizations: Wynn Resorts, WYNN, Vegas Sands, Vegas, Macao hasn't, Club, CNBC, Wynn, Universal, Getty Locations: Las Vegas, Vegas Sands, Singapore, Macao, Asia, Vegas, Macau, China

☆ This sports betting company is a good short-term buy, Deutsche Bank says
▼ + stars: | 2023-09-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

While Deutsche Bank is skeptical on the long-term story for Penn National Gaming , it is bullish on shares in the short-term. Analyst Carlo Santarelli put a catalyst call buy, or short-term buy rating, on the sports betting company, which trades as PENN Entertainment. In August, the company signed a licensing deal with ESPN to rebrand its sportsbook to ESPN BET, slated to launch in November. Through the deal, Penn has the exclusive right to the ESPN Bet trademark in the U.S. for 10 years, with potential to be extended. An Investor Day in December, which is likely to focus on ESPN BET, will also highlight the brand's early traction, he added.

Persons: Carlo Santarelli, Santarelli, Penn, GGR, — CNBC's Michael Bloom Organizations: Deutsche Bank, Penn National Gaming, PENN Entertainment, ESPN, ESPN BET, ESPN Bet Locations: Wednesday's, U.S, Las Vegas

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

☆ Wynn delivers second straight quarterly beat, smashes estimates across the board
▼ + stars: | 2023-08-09 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Wynn Resorts (WYNN) delivered impressive second-quarter results on Wednesday, including higher profit margins out of a resurgent China — the linchpin of our investment thesis. Combined adjusted property EBITDAR in for North American properties was also a second quarter record. So, the higher the table game win rate, the more cash Wynn is holding onto and recording as revenue. Las Vegas The win rate in Las Vegas was in line with management's expectations, though down from a year ago. Wynn Interactive Wynn continues to take a disciplined cost approach to its digital gaming platform.

Persons: —, We're, Wynn, Wynn Interactive Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bob Henry Organizations: Wynn Resorts, WYNN, Refinitiv, North, Management, Wynn, Las Vegas, Wynn Interactive, CNBC, Universal, Getty Locations: China, Macau, North American, United States, Las Vegas, Boston, Wynn Macau

☆ How investors can get ahead by listening to a company's earnings conference call
▼ + stars: | 2023-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.

Persons: —, they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending

We are buying 100 shares of Wynn Resorts (WYNN) at roughly $96.89 apiece. Before the Covid pandemic, the company generated about 75% of its earnings before interest, taxes, depreciation, and amortization (EBITDA) from its Macao properties. And since the Macao properties' cost structure was reduced to minimize losses during the lockdowns, the operating leverage as revenues recover has been both notable and underappreciated by the market. Despite recent weakness due to fresh Covid concerns, the May CGR numbers numbers for Macao indicate that there has not been any material slowdown in gaming. Wynn stock is still up nearly 17% year-to-date, and we believe China's long-term economic recovery is on track.

Persons: Jim Cramer's, GGR, Covid, Wynn, WYNN, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Macao, Boston, CNBC Locations: China, Macao, U.S, Las Vegas, Boston, Beijing

☆ Davos 2023: Gogoro, Belrise to invest $2.5 bln in battery swapping network in Indian state
▼ + stars: | 2023-01-17 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 17 (Reuters) - India's Maharashtra state on Tuesday signed a deal with Taiwan's Gogoro (GGR.O) and automotive system maker Belrise Industries under which the two firms will invest $2.5 billion over eight years in building battery-swapping infrastructure across the state. Shares in Gogoro Inc rose 7.1% after the deal was announced. The companies will start deploying the infrastructure this year and hope that it will encourage energy vehicle use as well as help to reduce energy costs for farmers. Gogoro is known for its green-hued battery swap distribution network for riders in Taiwan and makes its own vehicles as well as batteries. India's Belrise Industries Ltd, previously known as Badve Engineering, produces about one third of all two-wheel and three-wheel chassis made in the country.

☆ India's Maharashtra enters $2.5 bln partnership for EV battery-swapping stations
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

Jan 17 (Reuters) - India's Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc (GGR.O) and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state, the parties said on Tuesday. The Indian company, Belrise Industries Ltd, and Gogoro will form an equal-stakes joint venture and invest the amount over eight years with the Maharashtra government. The Indian government has been looking to cut emissions and pollution in major cities while reducing its oil import bill. Battery-swapping, which involves electric vehicle owners swapping their batteries for a fully-charged one at a utility station, is fast emerging as a key approach to EV charging. While battery-swapping helps reduce long charging times, the lack of standards for batteries across vehicles is hurting mass adoption.

☆ Concession awards mark a reset for Macao casinos
▼ + stars: | 2022-12-18 | by ( Contessa Brewer | ) www.cnbc.com time to read: +4 min

With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a new beginning for the world's preeminent gambling destination, Macao. The Macao government awarded six companies new 10-year concessions to operate their integrated casino resorts. This month, Macao has seen an increase in tourism from mainland China from visitors trying to get an mRNA Covid vaccine. A rise in Covid infections around China caused November gaming revenue in Macao to fall 23% from October and plummet 99% from November 2019 pre-pandemic levels, according to government data. Fitch estimates Singapore will achieve 80% of its pre-pandemic gaming revenue in 2022, and 95% in 2023.

☆ Taiwan electric scooter firm Gogoro delaying China expansion
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Nov 11 (Reuters) - Taiwanese electric scooter maker Gogoro Inc (GGR.O) is delaying its expansion plans in China due to geopolitical and economic uncertainty there and putting more focus on India and Indonesia, its chief financial officer told Reuters on Friday. As well as making its own vehicles, Gogoro has electric battery and other partnerships with vehicle makers including India's Hero MotoCorp (HROM.NS) and China's Dachangjiang Group and Yadea Group Holdings (1585.HK). Gogoro, known for its green-hued battery swap distribution network for riders, has ambitious plans, seeing potential to replace vast fleets of heavily-polluting, gasoline-powered scooters with electric two-wheelers as Asia's metropolises bid to improve air quality. With China being a challenging place, Gogoro is looking at its plans elsewhere, Aitken said. In Taiwan, Gogoro has a partnership with Foxconn (2317.TW), best known for assembling Apple Inc (AAPL.O) iPhones but with its own huge electric vehicle ambitions.

☆ Taiwan’s virtual beauty brand struggles on Wall Street debut
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN Business —Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Perfect Corp. lends its technology to beauty and fashion brands. Perfect Corp. founder and CEO Alice Chang said she spoke to CNN Business while wearing the company's "digital makeup" on a conference call. The question was: “How can I link the virtual beauty with the real world beauty?” Chang recalled. Perfect Corp. is one of a handful of Taiwanese companies to list in the United States in recent years, according to Dealogic data.

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