DIRS.INFO The most relevant business & tech news

Jay Leno is reportedly recovering from a motorcycle accident last week that left him with several broken bones just months after he sustained serious burns in a fire that broke out in his Los Angeles garage. “But I’m OK!” Leno, 72, reportedly told the outlet. “I’m OK, I’m working. I’m working this weekend.”The former “Tonight Show” host said he had been working on a vintage motorcycle and was testing the vehicle out when he noticed the smell of leaking gas. The comedian reportedly said he hadn't discussed the motorcycle accident publicly yet due to the overwhelming coverage of his recovery from his burn injuries sustained in November.

☆ We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao
▼ + stars: | 2023-01-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wells Fargo on Thursday raised its earnings estimates for Club holding Wynn Resorts ' (WYNN) operations in Macao, China, while increasing its price target on the casino operator. Wells Fargo increased its price target on Wynn to $125 per-share from $101 and reiterated an overweight, or buy, rating on the stock. "Looking ahead, LVS management envisions a premium mass led recovery, which should support rapid recovery at Wynn," the Wells Fargo analysts wrote. The Club take We agree with Wells Fargo that the recovery of China's gambling market is a major catalyst for Wynn Resorts, a core pillar of our investment thesis. Moreover, upbeat commentary from Las Vegas Sands' CEO represents a positive read-through into Wynn's operations in Macao.

☆ Jim Cramer's top 10 things to watch in the market Thursday: GDP beat, Tesla records, Macao recovery
▼ + stars: | 2023-01-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Credit Suisse cuts price target on Club holding to $285 per share from $365. On the Tesla earnings call, Musk also defends his ownership of Twitte r. Says he's not worried about Tesla brand and reputation due to his political tweets. LVS price target raised to $65 from $53. Oppenheimer out with a hilarious Alphabet (GOOGL) price target cut to $130 per share from $135; keeps outperform (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

HONG KONG, Jan 19 (Reuters Breakingviews) - Macau is bounding into the Year of the Rabbit. Meanwhile arrivals from China and Hong Kong reached roughly 40% of 2019 traffic as of Jan. 13, per Morgan Stanley. That is remarkable given the mainland and Macau only relaxed restrictions less than two weeks ago. Melco Resorts & Entertainment , MGM China (2282.HK), Sands China (1928.HK) and Wynn Macau (1128.HK) have seen their leverage ratios swell. Ultimately to rebalance borrowings, Macau needs returning visitors to spend as much – or more – as they did in the past.

☆ Boeing, Amazon and more: CNBC's 'Halftime Report' traders answer your stock questions
▼ + stars: | 2023-01-19 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Jim Lebenthal of Cerity Partners shared his thoughts on Boeing , and why he thinks this stock is a buy. Amy Raskin of Chevy Chase Trust explained why this year won't be great for Amazon , but she likes the company for the long term. Finally, Requisite Capital Management's Bryn Talkington owns Wynn Resorts . She discussed why investors should wait for a pullback to invest in the stock.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

☆ Here's our January rapid-fire update on all 34 stocks in Cramer’s Charitable trust portfolio
▼ + stars: | 2023-01-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. As much as we'd like to maintain a bigger position in this roughly $472 stock, we're refraining from violating our cost basis of $291.52. ( See here for a full list of the stocks in Jim Cramer's Charitable Trust portfolio.) 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 court sentences junket mogul to 18 years in jail
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Alvin Chau was chairman of Macau's Suncity junket operator - which brokered the gambling activity of Chinese high rollers - until December 2021, a month after his arrest. Macau is the only city in China where citizens are permitted to gamble in casinos. Junket operators help facilitate gambling for wealthy Chinese in Macau, extending them credit and collecting on their debt on behalf of casino operators. That year, Macau casinos generated $36 billion in revenue. The junket industry has collapsed in the former Portuguese colony since Chau's arrest, with all of Suncity's VIP rooms shuttered.

☆ Why tech is holding up better than the rest — listen to 'The Homestretch'
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: +9 min

THERE WAS A FUNNY MOMENT WHENPEOPLE WERE TRYING TO SAY THATTRADING AND -- AND JAMES GORMANSAID WE'RE NOT A TRADING FIRM. TECH IS LEADING AND NVIDIA,BECAUSE THE CHINESE WILL SITDOWN WITH JANET YELLEN BUT ITCOULD BE A PURE BOUNCE BACK. AND I DON'T KNOW WHETHER THAT ISNECESSARY -- WE DID SELL SOMEBUT I'M NOT SURE WHETHER TO GETRID OF A POSITION LIKE THAT. NOW THEY'RE GOING TO SPEND MOREMONEY ON INSTRUMENTATION, MAKINGNEW DRUGS AWAY FROM COVID. BUT OVERALL, I DON'T THINK CALLTHIS A MOVE INTO THAT GROUP.

☆ Wynn upgraded to buy at CBRE
▼ + stars: | 2023-01-17 | 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 upgraded to buy at CBREThe "Halftime Report" traders debate the biggest analyst calls of the day.

☆ Ritholtz's Josh Brown sells Netflix ahead of earnings, but reiterates confidence in long-term trajectory
▼ + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

"I actually think Netflix will have a good report," he said. I would not be telling people don't own Netflix ahead of earnings. NFLX 1Y mountain Netflix shares plummeted 51% in 2022 Shares of Netflix slumped 51% in 2022 as investors rotated out of growth and streaming stocks faced a dwindling advertising environment and steepening competition. Despite selling shares, Brown remains confident in the company's long-term trajectory and reputation as one of the only profitable streaming services in the industry. Looking ahead, Brown views more information regarding Netflix's advertising tier as the news that could "make or break" this quarter.

☆ Final Trades: JPMorgan, Wynn & Broadcom
▼ + stars: | 2023-01-10 | 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 EmailFinal Trades: JPMorgan, Wynn & BroadcomThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Goldman basket of U.S. stocks linked to China is starting to beat the market — Here's what's in it
▼ + stars: | 2023-01-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Recent easing of China's zero-Covid policy represents one upside risk to S & P 500 profits via stronger 2023 global growth," David Kostin, Goldman's head of U.S. equity strategy, said in a note to clients. Since the start of the fourth quarter, a basket of stocks with high China sales exposure has outperformed stocks with high domestic sales exposure by eight percentage points, Kostin said. Still, Goldman cautioned that a faster-than-expected exit from the zero-Covid policy nonetheless suggests weaker near-term growth as the infection rate dramatically increases. For investors wanting to capitalize on the rebound, here are the U.S. stocks with the highest percentage of revenue tied to China, according to Goldman. U.S. companies with a major China footprint include iPhone maker Apple , which has rallied more than 2% year to date.

☆ This week's top performing stocks include one in media that could rally more than 80%
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

As the first week of 2023 comes to a close, some stocks are already outperforming. The Dow Jones Industrial Average and S & P 500 are on pace to add 0.8% and 0.5% this week. Discovery, about two out of every five analysts rate WDC a buy, with an average upside of 20.4%. Just about every other analyst rates the stock a buy, and the average analyst expects a 4.3% upside for the stock. More than 50% of analysts rate GE a buy, but the average price target shows it losing about 1% in the next 12 months.

☆ Jim Cramer's top 10 things to watch in the market Friday: Goldilocks jobs, mega-caps, Costco
▼ + stars: | 2023-01-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Mega cap stock abandonment: Lots of hedge funds surprised Club holding Apple (AAPL) didn't go higher after it didn't preannounce. Club holding Costco (COST) says net sales of $23.8 billion for December rose 7% year over year. Guggenheim raises price target on Club holding Starbucks (SBUX) to $103 per share from $92; keeps hold-equivalent rating. Wells Fargo says the negativity is too great when it comes to PVH Corp (PVH) but raises price target and stock rating to a buy-equivalent. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Wells Fargo issues some top tactical investing ideas for the first quarter
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As the first quarter of 2023 kicks off, Wells Fargo has its eye on what it calls stocks that offer tactical trading opportunities. Wells Fargo analyst Daniel Politzer upgraded Wynn to overweight from equal weight on Monday . Merck also made the Wells Fargo list, with the firm setting a price target of $125. And Wells Fargo has a $50 price target for Dynatrace , which implies 30% over Tuesday's close. Wells Fargo believes the software company has the "only enterprise-grade cloud platform capable of supporting modern workloads in a hybrid environment."

Fed minutes Jim Cramer: "While the number indicates the market is getting hit, the Fed minutes are just saying what we thought. What was working JC: "[Before the minutes], if you took a charge like Marc Benioff [and Salesforce ] did today, it's being well received. JM: "Maybe that's part of these down-and-out stocks rallying to start the year." 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.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ Wells Fargo upgrades Wynn Resorts, says China reopening will help casino stock
▼ + stars: | 2023-01-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wynn Resorts should rally as China moves closer to a full reopening, according to Wells Fargo. Wells Fargo analyst Daniel Politzer upgraded the stock to overweight from equal weight. "We have long held the view that Macau's recovery remains the key driver of WYNN's stock," Politzer said in a note to clients Monday. "For the first time in several years, we see better days ahead as China is pivoting from its COVID-zero strategy and easing travel restrictions." Politzer said rising Covid cases or reinstated travel restrictions could also threaten growth.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Wages too high, China reopening
▼ + stars: | 2023-01-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Barclays raises price target on Club holding Eli Lily (LLY) by $5-per-share to $400. UBS downgrades PG & E (PCG) to neutral from buy, with a $17-per-share price target; just above where the stock closed Friday. Barclays raises Exxon Mobil (XOM) price target to $129 per share from $111; keeps overweight (buy) rating. 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.

☆ Stocks making the biggest moves midday: Tesla, Wynn, Traeger, Amazon and more
▼ + stars: | 2023-01-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Tesla – Shares of Tesla shed 13% after the company announced fourth-quarter vehicle deliveries that fell short of Wall Street's expectations. Wynn Resorts – Shares of Wynn Resorts added more than 2% after Wells Fargo upgraded the hotel and casino operator, saying it sees a significant reopening opportunity and citing China's moves toward a full reopening. MGM Resorts added 1%. Molina Healthcare — The health care company slid nearly 5% despite the company saying it expects revenue from California Medicaid to double under revised contracts. PayPal – Shares added 4.1% after Truist upgraded PayPal to buy from hold, saying that estimates now look reasonable.

☆ As investors shift focus from inflation to growth, Club stocks with China exposure stand to gain
▼ + stars: | 2023-01-03 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth. Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year. But the deepening U.S. economic slowdown comes just as China has moved to abandon its zero-Covid policy and reopen its economy after 3 years. As a result, Club stocks with exposure to China are seeing a boost, with the potential for their share prices, along with overall company growth, to accelerate in the coming months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Tuesday's biggest analyst calls: Tesla, Apple, Wynn, Amazon, Wendy's, Delta & more
▼ + stars: | 2023-01-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

We are lowering our relative ratings on ALLY, COF and MTB from Overweight to Equal Weight and ZION from Equal Weight to Underweight." Wells Fargo upgrades Wynn to overweight from equal weight Wells said in its upgrade of the casino company that it sees a significant reopening opportunity for the stock. " Wells Fargo initiates Mondelez as overweight Wells said the food products company has "superior" fundamentals. Wells Fargo downgrades Molson Coors to equal weight from overweight Wells said in its downgrade of the stock that it sees downside to estimates. Baird names Wells Fargo a top 2023 pick Baird said it likes the risk/reward for the banking giant in 2023.

☆ Stocks making the biggest moves premarket: Tesla, Coty, PayPal and more
▼ + stars: | 2023-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

A Tesla vehicle is displayed in a Manhattan dealership on January 30, 2020 in New York City. Check out the companies making the biggest moves in the premarket:Tesla — Shares fell 5% after reporting a record 40% growth in deliveries. JPMorgan analyst Ryan Brinkman cut his price target on the stock Tuesday, saying he sees more downside ahead. Coty is increasing exposure to China and travel retail, which should allow for recovery tailwinds, analyst Korinne Wolfmeyer said. PayPal — Shares gained nearly 3% premarket following an upgrade to a buy from a hold rating by Truist.

☆ Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges
▼ + stars: | 2023-01-03 | by ( Farah Master | ) www.reuters.com time to read: +5 min

But their 10-year, shortened contracts come at a time when COVID-19 restrictions have decimated Macau’s gambling revenues, with 2022 the worst annual performance on record. Non-gaming revenues, which averaged around 5% of overall gaming revenues pre-COVID, must grow to more than 30% in the next decade, said Ben Lee, founder of Macau gaming consultancy IGamiX. Macau, a densely packed territory located on China’s southern coast, is the only place in the country where gambling in casinos is legal. Increased regulatory oversight comes as Macau casinos face much higher debt levels versus 2019. Macau has few direct flights from potential markets outside China, while transport within the city is limited to move large groups of people around, said David Green, head of Macau gaming consultancy Newpage.

Search resuls for: "wynn"

25 mentions found