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☆ Macau casino stocks, bonds on a roll as Chinese visitors return
▼ + stars: | 2023-02-23 | by ( Georgina Lee | ) www.reuters.com time to read: +3 min

HONG KONG, Feb 23 (Reuters) - Chinese tourists are returning to Macau in hordes after Beijing lifted its restrictions on travel to the world's biggest gambling hub, lifting stocks and bonds of casino operators as investors bet on a boom in their revenues. The casino operators' bonds are in demand as investors look for exposure to Chinese junk debt but seek to avoid property developers' bonds. Those bonds account for a large chunk of the high-yield market and the developers' fortunes remain under a cloud after a crackdown by Beijing. Among the three U.S. casino groups that operate in Macau, CreditSights has an "outperform" rating on Wynn Macau bonds due to higher yields. Sands China's (1928.HK) 10-year bond, rated at investment grade by Moody's Investors Service and Fitch, trades at a yield of 6.59%, compared with 9.3% on Wynn Macau's bond of the same maturity.

☆ Liberal, conservative advance in Wisconsin Supreme Court race with abortion rights at stake
▼ + stars: | 2023-02-22 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

Former state Supreme Court Justice Daniel Kelly, a staunch conservative who was endorsed by former President Donald Trump when he ran unsuccessfully for re-election in 2020, took second place, the AP projected. With a Democratic governor, Tony Evers, and a Republican-majority legislature often at loggerheads, the state Supreme Court's 4-3 conservative majority has issued a string of decisions that typically favored Republicans. But a conservative justice is leaving the bench this year, putting the political leaning of the court in question. Democratic Attorney General Josh Kaul filed a lawsuit claiming the statute is invalid - a case eventually headed for the state Supreme Court. A new liberal majority could also revisit other statutes, such as laws requiring voter identification, permitting concealed carry of firearms and weakening public sector unions.

☆ Abortion rights at stake in Wisconsin Supreme Court election
▼ + stars: | 2023-02-21 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

Feb 21 (Reuters) - Wisconsin voters on Tuesday will decide which state Supreme Court candidates will advance to an April election that carries profound consequences for abortion rights, control of the state government and the 2024 presidential election. And the justices could issue election law rulings that affect the outcome of the 2024 presidential race, when Wisconsin is expected to be a swing state. The contest already ranks among the most expensive state supreme court races in history, according to Douglas Keith, an attorney at New York University's Brennan Center for Justice who tracks spending on judicial elections. Democratic Attorney General Josh Kaul filed a lawsuit claiming the statute is invalid - a case eventually headed for the state Supreme Court. "This is Wisconsin's Roe moment," said Gracie Skogman, a spokesperson for Wisconsin Right to Life, which is backing the conservative candidates.

☆ Lawyer spent over $10 million in loans for fake clients to live in a Las Vegas hotel and gamble '24/7' for six months, lawsuit alleges
▼ + stars: | 2023-02-19 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

A California lawyer allegedly spent $10 million in loans for fake clients to fund a Las Vegas lifestyle for six months. LDR International, the company claiming to have funded the loans, sued Sara Jacqueline King this month. LDR claims King provided falsified documents to secure 97 loans in 2022. LDR claims this prevented them from ever knowing for sure whether the loans they thought they were funding were actually given to the intended client. King allegedly served as an intermediary in the loan process separate from her law practice, King Reuben, starting when she formed the King Family Lending LLC in February 2020.

☆ Top Wall Street analysts are bullish on these 5 stocks
▼ + stars: | 2023-02-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Santarelli also noted that the stock's valuation is reasonable, as the company is still in the early stages of the Macao recovery cycle. (See Wynn Blogger Opinions & Sentiment on TipRanks) Santarelli's recommendation is worthy of consideration as he ranks 26th among more than 8,000 analysts tracked by TipRanks. (See CMG Insider Trading Activity on TipRanks)Meta PlatformsSocial media behemoth Meta Platforms (META) is next on our list. Moskowitz holds the 236th position among more than 8,000 analysts on TipRanks.

☆ Market shows resiliency in face of bad news like hot PPI — listen to the 'Homestretch'
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: +7 min

>>> HELLO, EVERYBODY. WELCOME TO THURSDAY'S EDITION OFTHE "HOMESTRETCH" AND YOU KNOW,I HAVE TO SAY THAT WE WERE DOWNEARLIER WHEN WE LAST BROKE ATTHE MORNING MEETING, AND IT'S,YOU KNOW, A LOT OF THE SAMETHEMES AS WHAT WE HAVE BEENSEEING ALL WEEK. THE CLEANEST GROWTH STORIES INALL OF PHARMA WHICH IS MAJOMAWHICH IS APPROVED FOR OBESITYTHIS SPRING, AND J&J IS A TOUGHONE AFTER BEING RESILIENT NEXTYEAR, AND ANOTHER ONE THAT ISGOING TO BE ADDEDOPPORTUNISTICALLY, AND I WILLLUMP DANAHER IN AS A HEALTH CARESTOCK, AND THIS IS ANOTHER ONEWE LIKE WITH THE UPCOMINGSEPARATION OF THE ENVIRONMENTAND APPLIED SOLUTIONS BUSINESS. WE WILL WAIT FOR THE REST OF THEDAY. I'M JEFF MARKS FOR THE"HOMESTRETCH" AND I WILL SEE YOUTOMORROW ON THE HOME MEETING.

☆ Americans are spending despite high inflation. Good for a couple Club stocks
▼ + stars: | 2023-02-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

E-commerce spending declined 2% year-over-year in January, Bank of America said Monday, as Americans shifted their spending towards leisure activities. The Club take Consumer spending remains healthy, despite stubbornly high inflation, and it would appear many shoppers have additional savings to dole out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. Matt Stroshane | Walt Disney World Resort | Getty Images

☆ An estimated $16 billion worth of bets will be placed on the Super Bowl
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. But how will casino and online/mobile sports betting companies stand out in an increasingly crowded field? “We have prepared for this Super Bowl like never before,” Greenblatt said. That’s more than double the number of wagers on last year’s Super Bowl. That’s different from 2021 when customer growth was being rewarded.”That being said, both DraftKings and FanDuel still plan to advertise during this year’s Super Bowl.

☆ Investors turn picky in Asia after easy wins from China’s reopening
▼ + stars: | 2023-02-09 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

Herald van der Linde, HSBC's head of equity strategy for Asia Pacific, points out that travel and gaming stocks have already benefited. That has led investors to hunt for sectors and companies with depressed valuations outside China. Reuters GraphicsMSCI China Vs MSCI Asean vs MSCI Asia excluding JapanGLOBAL PUSH OR CHINA PULL? After a torrid 2022, investors have been betting that a swift recovery in China's economy will somewhat cushion the impact of a global slowdown and possible recession. "China and its reopening trade, on the other hand, are in early stages and may be the additional tailwind for Asian equities later this year."

☆ Futures rise on earnings optimism, Disney climbs on revamp plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +3 min

Casino stocks Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N) gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period. PepsiCo Inc (PEP.O) rose 1.4% as the soda maker reported better-than-expected results for its fourth quarter. Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data. ET, Dow e-minis were up 254 points, or 0.75%, S&P 500 e-minis were up 37.25 points, or 0.9%, and Nasdaq 100 e-minis were up 162.5 points, or 1.3%. Reporting by Sruthi Shankar, Medha Singh and Johann M Cherian in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more
▼ + stars: | 2023-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Sonos — Shares surged 17% after Sonos reported a big beat in its fiscal first-quarter results. The audio products developer posted per-share earnings of 57 cents, compared to consensus estimates of 40 cents per share, according to Refinitiv. Affirm Holdings — The buy now, pay later finance company slumped 20% a day after its fiscal second-quarter earnings and revenue missed analysts' estimates, according to Refinitiv. Revenue and earnings were both below analysts' estimates, according to Refinitiv. Credit Suisse Group — Shares plunged 14% after the Swiss bank reported a fourth-quarter and annual net loss that missed estimates, according to Eikon.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Disney delivers, market rally back, another activist in Salesforce
▼ + stars: | 2023-02-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. 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.

☆ Stocks making the biggest premarket moves: Tapestry, Credit Suisse, Disney and more
▼ + stars: | 2023-02-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading:Tapestry — The company reported adjusted fiscal second-quarter earnings before the bell of $1.33, beating StreetAccount's estimate of $1.27, and raised its fiscal 2023 earnings outlook. Hilton Worldwide — The hotel operator reported adjusted fourth-quarter earnings of $1.59 per share before the bell, topping estimates of $1.22, per StreetAccount. PepsiCo -- The beverage giant reported adjusted fourth-quarter earnings and revenue before the bell that beat expectations, thanks to price hikes that boosted sales. The company reported $380 million in revenue, below the $397 million expected from analysts, according to Refinitiv. However, the company posted a wider-than-expected loss of $1.53 per share, versus the $1.36 loss per share predicted by analysts.

☆ Jim Cramer's Investing Club meeting Thursday: Disney, Wynn, Salesforce
▼ + stars: | 2023-02-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Disney has more room to run Don't chase Wynn Resorts stock up Salesforce activist interest shows its value 1. Don't chase Wynn Resorts stock up Wynn Resorts (WYNN) stock rose 5% early Thursday after the casino operator reported solid fourth-quarter results and cheery guidance after the closing bell Wednesday. Salesforce activist interest shows its value It looks like Dan Loeb's Third Point has taken a position in Salesforce (CRM), making it the fifth known activist investor in the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Wynn CEO on consumer outlook, return of Macao and a casino in the Middle East
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWynn CEO on consumer outlook, return of Macao and a casino in the Middle EastCraig Billings, Wynn Resorts CEO, joins 'Halftime Report' to discuss the company's earnings and consumer outlook.

☆ Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Disney — Shares of the entertainment company rose more than 6% after the company released its fiscal first-quarter earnings report. Robinhood — Shares rose 5% after Robinhood missed revenue expectations in its latest earnings report. Analysts called for per-share earnings of $1.83 on revenue of $4.59 billion, according to FactSet. Although the company reported $1 billion in revenue for the latest quarter, compared to analysts' expectations of $958 million, according to Refinitiv. MGM beat analysts' estimates on fourth-quarter revenue, posting $3.59 billion compared to the $3.35 billion expected by Wall Street, according to Refinitiv.

☆ Earnings Alert: Wynn and MGM on the move
▼ + stars: | 2023-02-08 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Alert: Wynn and MGM on the moveCNBC's Contessa Brewer on Wynn and MGM earnings. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Guy Adami and Julie Biel.

☆ The outlook for Wynn Resorts hasn't been this good since the pandemic started
▼ + stars: | 2023-02-08 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Wynn Resorts (WYNN) reported promising fourth-quarter results Wednesday and even better guidance as the casino operator looks to profit from China's reopening. Along with a rebounding Macau, the casino operator's Las Vegas and Boston operations posted strong results that have continued into the current quarter. The near-term outlook for Wynn is as bright as it's been since the start of the pandemic. For the full year, Las Vegas generated $816 million of normalized adjusted property EBITDA, and management said it's "confident that this is an all-time record for a standalone Las Vegas Strip property". Wynn Las Vegas remains closed as a result of the statewide shutdown due to the continuing spread of the coronavirus on April 27, 2020 in Las Vegas, Nevada.

☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
▼ + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Macau casino revenues surge in Jan after COVID rules lifted
▼ + stars: | 2023-02-01 | by ( Farah Master | ) www.reuters.com time to read: +3 min

Still investors took cheer, sending shares in Macau casinos up between 3% to 5%, while executives and analysts said it was an encouraging sign of a solid recovery to come. A special administrative region of China, Macau has seen a resurgence of tourists from the mainland since Jan. 8 after the territory dropped all COVID-19 testing requirements for inbound travellers from the mainland, Hong Kong and Taiwan. January's revenues were the first for Sands China (1928.HK), Wynn Macau (1128.HK), MGM China (2282.HK), Galaxy Entertainment (0027.HK), MGM China (2282.HK) and SJM Holdings (0880.HK) under new 10-year contracts. Visitors pose for photos outside the Grand Lisboa casino operated by SJM Holdings during Lunar New Year in Macau, China, January 24, 2023. REUTERS/Lam Yik/File PhotoThe new contracts, with more government oversight and control, were struck after COVID-19 restrictions decimated Macau's gambling revenues and sent net debt soaring.

☆ Market rally since October is broadening out — listen to 'The Homestretch'
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +8 min

WE ARE IN A BULL MARKET AND IWANT TO BUY. A LOT OF PEOPLE SAY IT IS NOTREAL, BUT PUB POWER IS NOT REAL,BUT LINDY IS REAL. >> AND YES, I WAS UPSET THAT WECOULDN'T BUY IT BECAUSE OF THEWAY THAT THE -->> THE WAY THAT RESTRICTIONSWERE. AND YOU CAN BUY IT FROM NOW TOTEND OF THE DAY, BECAUSE THIS ISTHE HOMESTRETCH, AND THEANALYSTS WILL BE COMING UP HARDABOUT IT, AND IT DOES MATTER. >> AND THIS A NEW MARKET SINCEOCTOBER, AND BROADENING, ANDWHEN YOU GET THE SELL-OFFS LIKEYESTERDAY, YOU HAVE TO LISTEN TOWHAT WE ARE THINKING OF BUYINGAND CATERPILLAR TODAY, AND PUTTHE MONEY TO WORK.

☆ Premarket stocks: Is this the beginning of the end for Big Oil's windfall?
▼ + stars: | 2023-01-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Brutally high oil and gas prices were the talk of the town and one of the largest contributing factors to sky-high inflation. That was bad news for drivers, but ended up being great for the energy industry as oil prices and energy stocks are closely interlinked. As markets fell under the pressures of economic uncertainty, geopolitical chaos, elevated inflation and a hawkish Fed, the energy sector thrived. The S&P ended 2022 down nearly 20%, while the energy sector grew by about 60%. But analysts say US oil companies can’t keep winning for much longer.

☆ 2022's stock losers are this year's winners so far
▼ + stars: | 2023-01-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

But it’s still been a solid start to the year for the market — and many of last year’s losers have led the way on Wall Street so far in January. Discovery, which plunged nearly 60% last year, has surged 55% so far in 2023 and is the best performer in the S&P 500. Rising market tide lifting questionable boatsStill, some investors are worried this year’s market rally is eerily reminiscent of prior market bubbles. GameStop (GME) is up nearly 25%. “Most investors don’t realize the Fed has to fight the inflation in the stock market, too,” Trainer added.

☆ Stocks face their biggest test of the year this week as early-year gains stir excitement
▼ + stars: | 2023-01-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings : More than 20% of the S & P 500 will report this week; by next Friday, 50% of the S & P will have reported. Craig Johnson at PiperSandler noted that 66% of all S & P 500 stocks are above their 200-day moving averages. It's not just the big-cap S & P 500 that is advancing: So are small-caps. The S & P High-Beta ETF is up 16% this month, at its highest levels since April of 2022. If that holds, it's the first positive January for the S & P 500 since 2019, when it was up 7.9%.

☆ Punk icon Tom Verlaine, founder of the band Television, dies at 73
▼ + stars: | 2023-01-29 | by ( ) www.nbcnews.com time to read: +4 min

Tom Verlaine, who redefined rock guitar in the punk era of the 1970s with his band Television, died Saturday in Manhattan. Tom Verlaine’s soloing (and Richard Lloyd‘s as well, of course) showed me you could be a virtuoso and dangerous at the same time, more Coltrane or Ornette than the arena rockers of the day. In 2007, Lloyd was replaced in the touring unit by Jimmy Ripp, who had for many years supported Verlaine on his solo albums and tours. Only after his twin brother John played the Rolling Stones’ “19th Nervous Breakdown” and other contemporary rock records for him did Miller rethink his preferred instrument. Though he always boasted a devoted cult fan base, Verlaine never succeeded in attaining a commercial foothold on the charts; his 1981 sophomore solo album “Dreamtime,” his lone entry, peaked at No.

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