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Despite a mixed earnings season so far, analysts are still optimistic on a host of stocks that have yet to report. By this week's end, more than half of S & P 500 companies will have reported quarterly earnings, according to The Earnings Scout. As analysts and traders look to the second half of the earnings season, these are some of the stocks with upward momentum heading into their reports. CNBC Pro screened S & P 500 stocks for those that are reporting next week and have seen the average analyst raise earnings estimates at least 10% when looking over a three- and six-month period. These stocks have also had their average targets for share prices raised in the last three months.
Persons: Tami Zakaria, Zakaria, destocking, Molson, — CNBC's Michael Bloom Organizations: CNBC Pro, MGM Resorts International, Gaming, MGM, Caterpillar, JPMorgan, Molson Coors, NRG Energy, ON Semiconductor Locations: Macao, Las Vegas, 2H23
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe casino market isn't going to be what it was before the Covid pandemic, says JefferiesDavid Katz, equity analyst at Jefferies, says the casino market's recovery is "well underway," but Macao's Sands China will continue to position itself for the "new normal."
Persons: Jefferies David Katz Organizations: Jefferies Locations: China
Las Vegas Sands 2nd qtr revenue beats Wall Street estimates
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: 1 min
NEW YORK, July 19 (Reuters) - Las Vegas Sands Corp (LVS.N) on Wednesday reported second quarter revenue of $2.5 billion, beating Wall Street estimates. The Las Vegas-based casino operator said earnings are benefiting from a return to normalcy in Macao after a delayed rebound in tourism due to China's zero-COVID policy. "We were pleased to see the robust recovery in travel and tourism spending underway in both Macao and Singapore progress during the quarter," Robert Goldstein, Las Vegas Sands' chief executive officer said in a statement. Reporting by Doyinsola Oladipo in New York; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Robert Goldstein, Doyinsola Oladipo, Chris Reese Organizations: YORK, Vegas Sands Corp, Wall, Las, Las Vegas Sands, Thomson Locations: Vegas, Macao, Singapore, Las Vegas, New York
The world’s most powerful passports for 2023
  + stars: | 2023-07-18 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +5 min
CNN —The jiggling and jostling atop the global passport rankings for 2023 just got a little more interesting. And while Asia has long dominated the top of the leaderboard in the index created by London-based global citizenship and residence advisory firm Henley & Partners, Europe is bouncing back. The US, meanwhile, has dropped a further two places to eight spot, with access to a mere 183 destinations visa-free. The Henley Passport Index is based on data from the International Air Transport Association (IATA) and ranks 199 passports worldwide. Estonia, Iceland (182 destinations)The worst passports to hold:Three countries around the world have visa-free or visa-on-arrival access to 30 or fewer countries.
Persons: Japan’s, It’s, Cristian H, Kaelin, , Greg Lindsay, Japan's, TOSHIFUMI KITAMURA, Arton Capital’s, Armand Arton, that’s Organizations: CNN, Henley & Partners, Henley, International Air Transport Association, Partners, Citizens, Cornell Tech’s Jacobs Institute, Getty, United Nations, United Arab Emirates Locations: Japan, Singapore, Asia, London, Europe, Germany, Italy, Spain, South Korea, Austria, Finland, France, Luxembourg, Sweden, United States, United Kingdom, Afghanistan, Iraq, Syria, UAE, Canada, AFP, Arton, Taiwan, Macao, Hong Kong, Kosovo, Palestinian, Territories, Netherlands, Switzerland, Denmark, Belgium, Portugal, Norway, Poland, Ireland, New Zealand, Czech Republic, Malta , New Zealand, Australia, Hungary, Greece, Lithuania, Latvia, Slovakia, Slovenia, Estonia, Iceland
Las Vegas Sands is a premier way to play Macao's reopening, according to Morgan Stanley. Analyst Stephen Grambling named the stock a top gaming pick. "We see it being the best way to play Macau and one of the final consumer recovery stories coming out of Covid," he said in a note to clients Friday. He described Las Vegas Sands as "the best way to play the mass market." LVS YTD mountain Las Vegas Sands, year to date — CNBC's Michael Bloom contributed to this report.
Persons: Morgan Stanley, Stephen Grambling, Grambling, Michael Bloom Organizations: Macau, Gross, Grambling Locations: Macao, Vegas, Singapore, New York, Grambling, Vegas Sands
Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.
Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOCBC looks to ASEAN-China links to achieve additional $2.2 billion in revenue by 2025CEO Helen Wong expects trade links between ASEAN and the Greater China region — including Hong Kong and Macao — to grow, benefiting OCBC which has a sizable presence in the region.
Persons: Helen Wong Organizations: ASEAN Locations: ASEAN, China, Greater China, Hong Kong, Macao
Singapore's Oversea-Chinese Banking Corporation has set its sights on "longer term opportunities" in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday. Southeast Asia's second largest bank announced Monday that it will be unifying its brand across its core markets in Greater China — which includes Hong Kong and Macao — as well as Southeast Asia. "If you look at macro trends, Greater China and ASEAN together is going to continue to contribute more to the world's GDP growth," Wong told CNBC, referring to the 10-nation Association of South East Asian Nations bloc. "If you look at the trade numbers for the last four years, China and ASEAN — they're growing at a CAGR of 13%," she added. As such, while the OCBC has seen slowing economic growth in some countries in the region, Wong said she's confident it will be able to capture growth as it "puts our act together."
Persons: Singapore's Oversea, Helen Wong, Wong Organizations: Chinese Banking Corporation, CNBC, Macao —, Association of South East Asian Nations, ASEAN —, ASEAN Locations: Greater China, Southeast Asia, Asia's, Hong Kong, Macao, China, ASEAN
BYD launches its most direct Tesla competitor yet
  + stars: | 2023-07-04 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
The Denza N7 is set to begin deliveries in about two weeks, according to the company. In another page from Nio's playbook, the Denza N7 launch in Beijing was followed by a live music performance. Its prior electric model, the D9 multi-purpose vehicle, claims more than 10,000 sales a month since since March. At the time Zeng said he expected competition in China's new energy vehicle market would move into the 400,000 yuan to 500,000 yuan price range and above. The 100,000 yuan to 200,000 yuan price range has been the primary price range for cars in China, Zeng said.
Persons: Yang Dongsheng, Tesla, Tu Le, Denza, playbook, Denza's, Zhao Changjiang, BYD, Nvidia Orin, Orin isn't, Yang, Craig Zeng, Zeng Organizations: Bloomberg, Getty, Tesla's, Tesla, Benz Group, Tech, Benz, BMW, Audi, Qualcomm, Nvidia, CNBC Locations: Beijing, BEIJING, China, Weibo, Thailand, Hong Kong, Macao, Europe
This week has been rough for air travelers in the United States, but we have flight attendants’ secrets for surviving summer travel. Waterfront real estateThe US General Services Administration is giving away or auctioning lighthouses in New England. Like the small towns in Italy selling off houses for just 1 euro, these lighthouses come with stipulations. Written in stoneAnd while we’re on the subject of summer travel peak season, this period is often tourists-behaving-badly season. Dr. Sij Hemal was on a flight from Paris to New York when a fellow passenger reported severe abdominal pains.
Persons: CNN — It’s, you’ve, Ivan, Haley, , Sig Hemal, Susan Shepherd, Sij Hemal, Chelsea Dickenson, Dickenson, Richard Quest, Beckham Organizations: CNN, General Services Administration, Police, Cleveland, Asahi Shimbun Locations: United States, New England, Italy, Rome, United Kingdom, Paris, New York, Japan, Tottori Sand, Tokyo, Nagoya, Tottori, British, Macao, Vegas of Asia
Goldman raised its price target to $248 a share, from $185. UBS lowered its price target on Modera stock to $191 a share, from $221. BMO raised its price target on SHW stock to $275 a share, from $269. Wells Fargo on Monday initiated coverage on Brinker International (EAT) with an underweight, or sell, rating and $31-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Goldman Sachs, Goldman, Roth MKM, Sherwin, Williams, Morgan Stanley, Eli Lilly, LLY, Jim Cramer's, Jim Cramer, Jim Organizations: Sunday, UBS, BMO Capital, BMO, Monday, Club, Palo Alto Networks, American Diabetes Association, Brinker, JPMorgan, Wynn Resorts, WYNN, Jim Cramer's Charitable, CNBC Locations: Covid, cybersecurity, Wells Fargo, Las, Macao, China
Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. In fact, he named Disney as the best Club stock to gift to a young grandchild. CEO Jim Farley's focus on only making profitable cars and trucks will be put to the test in the current quarter. 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's, Jim, Apple's, there's, Bausch, Estee Lauder, Fabrizio Freda, Berenberg, he's, Jim Farley's, Ford, Locker, Foot Locker's, Mary Dillon's, Patience, we're, Vimal Kapur, Johnson, J, Eli Lilly, Eli Lilly's, Mark Zuckerberg, Morgan Stanley, We're, James Gorman, enabler, aren't, Scott Sheffield, Coterra, PXD, Jim said, Stanley Black, Decker, TJ Maxx, Wells Fargo, Charlie Scharf's, Scharf, Wells, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon Web Services, Bausch Health, Caterpillar, Costco Wholesale, Costco, Humana, Coterra Energy, Disney, Emerson, Emerson Electric, National Instruments, Ford, Management, GE Healthcare, Halliburton, HAL, Honeywell, Johnson, Linde, LIN, Meta, underwriters, Cava, Microsoft, Palo Alto Networks, Natural Resources, Procter & Gamble, Constellation Brands, Modelo Especial, U.S, TJX, Marshalls, Home Goods, Wynn Resorts, WYNN, Starbucks, Las, Jim Cramer's Charitable Locations: Asia, China, California, Mounjaro, Palo, Wells, Las Vegas, Macao
The recovery in China has been much slower than what other major countries experienced when they lifted their pandemic restrictions. Still, the Chinese consumer has proved to be resilient in the face of these broader economic challenges. It marked the fastest pace of growth since the first quarter of 2022, fueled by higher spending from Chinese consumers. Club stock results Recent financial results from our China-exposed companies show that Chinese consumers have been holding up even as broader economic recovery is delayed. China is a growth market for each company and improvement in economic activity there should be a catalyst for these stocks.
Persons: Estee Lauder, , Ting Lu, WYNN, hasn't, Jim Cramer's, Jim Cramer, Jim, Jason Lee Organizations: Starbucks, Wynn Resorts, WYNN, China Index Academy, National Bureau of Statistics, Club, Gaming, Prestige, CNBC Locations: China, China's, Beijing, Macao, Asia, SBUX
GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. Carvana — Shares popped 56% after the online car seller issued an upbeat outlook for the second quarter. Carvana said it now expects non-GAAP total gross profit per unit to come in above $6,000 in the second quarter. Smartsheet — Smartsheet tanked more than 17.5% after the software company said billings came in at $215.5 million, falling short of a StreetAccount estimate of $217.1 million. Trip.com posted earnings per share of 43 cents, beating a StreetAccount estimate of 26 cents.
Persons: Matthew Furlong, Ryan Cohen, Wells, Carvana, Wolfe, Fisker, Rod Lache, Chris Licht, Jefferies, billings, Lilly Pulitzer, Tommy Bahama, Trip.com, Yun Li, Alex Harring, Sarah Min, Michelle Fox, Tanaya Macheel Organizations: GameStop, Signet, Signet Jewelers, Wolfe Research, Warner Bros, CNN, Wynn Resorts, Sands, Mobile, Adobe —, Adobe, Oxford Industries Locations: Wells Fargo, Las, Macao
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wait on Wynn Jim said he's not ready to pound the table on Wynn Resorts (WYNN) just yet. Both firms have the equivalent of a buy rating on Amazon stock. 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 .
Persons: Jim Cramer, Wynn, Dow Jones, Wynn Jim, he's, Jefferies, Jim, hasn't, Wells Fargo, Wells, Jim Cramer's, WYNN Organizations: CNBC, Amazon, Nasdaq, Dow Jones Industrial, Apple, Microsoft, Labor Department, Dow, Wynn Resorts, WYNN, Wall, UBS Locations: Macao, China, Las, American
Check out the companies making the biggest moves in premarket trading:GameStop — Shares plummeted nearly 21% in premarket trading. Wynn Resorts , Las Vegas Sands — The casino operators both shed about 2% following a downgrade by Jeffries to hold from buy. Signet Jewelers — Shares tumbled nearly 11% after the jeweler provided second-quarter revenue and operating-income guidance that fell short of expectations. T-Mobile — Shares of the wireless provider added about 1% in premarket trading after Wolfe Research upgraded T-Mobile to outperform from peer perform. HashiCorp - The stock sank more than 22%, a day after the company reported a first-quarter earnings miss and revenue beat.
Persons: Matthew Furlong, Ryan Cohen, Jeffries, Zhu Jiang, Wolfe, HashiCorp, Jesse Pound, Sarah Min, Brian Evans Organizations: GameStop, Wynn Resorts, Sands, Signet, Reuters, Mobile, Wolfe Research, Adobe, Adobe Express Locations: New York, Las, China
Two resort-and-gambling stocks are less attractive now that the market has better priced in a popular gambling destination's recovery, according to Jefferies. Analyst David Katz downgraded Las Vegas Sands and Wynn Resorts to hold from buy. Katz shaved Las Vegas Sands' price target by $4 to $65, still representing an 11.1% upside from where the stock closed Wednesday. For 2024, he said to expect EBITDA margin growth of 29% for Las Vegas Sands and 52% for Wynn. Outside of Macao, Katz said Las Vegas business should continue to help Wynn, while Singapore is a strong performing area for Las Vegas Sands.
Persons: David Katz, Katz, Wynn, — CNBC's Michael Bloom Organizations: Jefferies, Sands, Wynn Resorts, Las Vegas Sands, Wynn, Las Locations: Macao, Macau, Las Vegas, Singapore, Las
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks climb on jobs data, debt deal Wynn soars on hopes for China stimulus Watch Apple 1. 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, Wynn, payrolls, Dow Jones, Joe Biden's, WYNN, Jim, Apple Morgan Stanley, Jim Cramer's Organizations: CNBC, U.S . Labor Department, Dow, Federal Reserve, Bloomberg, Club, Wynn Resorts, WYNN, Caterpillar, Apple, Worldwide, Conference Locations: China, Washington, Congress, Macao, U.S
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
This photograph taken on October 20, 2022 shows a replica of the Big Ben Tower at the Londoner Casino resort at the Cotai Strip in Macau. They can now do the same in Macao, the so-called Las Vegas of Asia. The Londoner Macao, a British-themed luxury casino resort in the Chinese gambling hub, held its grand opening ceremony on Thursday. You can't get better spa experience, you can't get better food experience," Las Vegas Sands CEO Robert Goldstein told CNBC on Thursday. The Londoner Macao casino resort and the Venetian casino resort, along the Cotai strip in Macau, China.
Persons: Eduardo Leal, EDUARDO LEAL, Ben, David Beckham, we've, Robert Goldstein, Goldstein, Wonderland, Beckham Organizations: AFP, Getty, Afp, Vegas Sands, CNBC, Downing, Fountain, Las Vegas Sands, Sands, The Plaza Macao, Hotel Macao, Bloomberg, Macao, Guard Locations: Macau, Asia, Macao, Vegas, British, Westminster, Shaftesbury, London, Las, Venetian Macao, Parisian Macao, Italy, France, England, Paris, China, Buckingham, Hong Kong
Investor concern has been spilling over into the Club holdings doing the most business in China: Wynn Resorts (WYNN), Estee Lauder (EL), and Starbucks (SBUX). That ultimately bodes well for Estee Lauder, Starbucks and Wynn, even if increasing consumer demand appeared somewhat uneven in the latest round of quarterly results. And we're expecting Estee Lauder's China business to recover as travel continues to accelerate. We remain optimistic about the growth trajectory in the country, and see this latest Covid wave as a temporary speedbump. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Estee Lauder, Wynn, Jim Cramer, Jim, Laxman Narasimhan, Beijing's, hasn't, Estee, Jim Cramer's, WYNN Organizations: Wynn Resorts, WYNN, Starbucks, Wynn, Management, CNBC, China News Service, Getty Locations: China, Shanghai, Beijing, Macao, Asia
The Greater Bay Area is home to 68 million people, covers 21,800 square miles and encompasses 11 cities: Hong Kong, Macao and nine others including Zhongshan and Shenzhen. The Shenzhen-Zhongshan bridge project features artificial islands and an undersea tunnel. That bridge connects the mainland Chinese city of Zhuhai with gambling hub Macao and leading financial center Hong Kong. An aerial view of the world's longest cross-sea bridge, the Hong Kong-Zhuhai-Macao Bridge, in Zhuhai city, south China's Guangdong province, 19 March 2019. The latest bridge would connect two mainland Chinese cities that were already under the same regulations, he pointed out.
Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Ford (F): CEO Jim Farley did a fantastic job delivering in the automaker's latest quarter, and we like his decision to scale back Ford's business in China . 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. Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.
Check out the companies making the biggest moves in premarket trading:Western Alliance — Shares popped 12% premarket after Western Alliance said its deposit growth for the current quarter exceeded $2 billion as of May 12, up from the $1.8 billion in deposit growth for the quarter through May 9. Target also said it expects sales to remain sluggish in the current quarter, marked by a single digit decrease in comparable sales. Zions Bancorporation — The Salt Lake City-based bank added 4.7% as regional banks moved higher in premarket trading, led by Western Alliance. It guided for between $2.00 and $2.06 EPS for the current quarter, above analysts' forecast of $1.96. Doximity — The medical software stock dropped nearly 10% premarket, one day after the company issued weak guidance for the current quarter.
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