Although the idea MGM Resorts (NYSE:MGM) might step in to buy troubled Wynn Resorts (NASDAQ:WYNN) was always more speculative than based on any concrete evidence, the chances of it actually happening have now been reduced to virtually nil.
MGM just announced a $2 billion stock repurchase authorization, and though the program doesn't guarantee the money will be spent on buybacks, it pretty much indicates the casino operator has no intention of buying its rival.
MGM Resorts spent $7 billion over the past few years expanding its operations such as buying the Borgata casino in Atlantic City. Now it wants to buy its stock. Image source: Borgata.
Spending a lot on stockCEO Jim Murren says the amount authorized indicates not only MGM's financial strength, but also the casino's "continued commitment to returning capital to our shareholders."
Top 10 Casino Stocks To Watch For 2019: Tenneco Inc.(TEN)
Advisors' Opinion:- [By Logan Wallace]
Gentex (NASDAQ: GNTX) and Tenneco (NYSE:TEN) are both mid-cap auto/tires/trucks companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, valuation, risk, earnings and dividends.
- [By Joseph Griffin]
Tenneco (NYSE: TEN) and China Automotive Systems (NASDAQ:CAAS) are both auto/tires/trucks companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, analyst recommendations, dividends and valuation.
- [By Shane Hupp]
Tokenomy (CURRENCY:TEN) traded 1.2% lower against the U.S. dollar during the one day period ending at 18:00 PM ET on May 24th. During the last week, Tokenomy has traded down 7.6% against the U.S. dollar. Tokenomy has a total market cap of $30.34 million and $258,901.00 worth of Tokenomy was traded on exchanges in the last day. One Tokenomy token can now be bought for about $0.24 or 0.00003211 BTC on exchanges.
- [By Jim Crumly]
As for individual stocks,�Verifone Systems (NYSE:PAY) is being acquired by a group of private investors, and Tenneco (NYSE:TEN) is buying an auto parts business before splitting into two public companies.
Top 10 Casino Stocks To Watch For 2019: Targa Resources, Inc.(TRGP)
Advisors' Opinion:- [By Max Byerly]
Reaves W H & Co. Inc. trimmed its holdings in Targa Resources (NYSE:TRGP) by 30.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 224,657 shares of the pipeline company’s stock after selling 99,015 shares during the period. Reaves W H & Co. Inc.’s holdings in Targa Resources were worth $9,885,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Targa Resources (NYSE:TRGP) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Top 10 Casino Stocks To Watch For 2019: Mitek Systems, Inc.(MITK)
Advisors' Opinion:- [By Brian Feroldi, Leo Sun, and Demitrios Kalogeropoulos]
So, which stocks are potential hidden winners that can be safely purchased today? We asked a team of investors to weigh in, and they picked�Sogou (NYSE:SOGO), TJX Companies (NYSE:TJX), and Mitek Systems (NASDAQ:MITK).�
- [By ]
Mitek Systems (MITK) : "This one is too speculative for me. I'd buy NVIDIA (NVDA) ."
AK Steel Holding (AKS) : "They're not the lo- cost producer. That's Nucor (NUE) and that's the way you want to go."
- [By Max Byerly]
ValuEngine downgraded shares of Mitek Systems (NASDAQ:MITK) from a buy rating to a hold rating in a report published on Friday.
A number of other research analysts have also recently issued reports on MITK. BidaskClub upgraded Mitek Systems from a sell rating to a hold rating in a research report on Thursday, May 3rd. Zacks Investment Research upgraded Mitek Systems from a sell rating to a hold rating in a research report on Thursday, March 29th. Finally, National Securities assumed coverage on Mitek Systems in a research report on Friday, March 9th. They issued a buy rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $12.00.
Top 10 Casino Stocks To Watch For 2019: WSB Holdings Inc.(WSB)
Advisors' Opinion:- [By Garrett Baldwin]
Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now it's time to get even.�Money Morning�Liquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking.�Read it here.
The Top Stock Market Stories for Wednesday In addition to Trump's concerns about China and trade, the President also stated that he is unsure whether a summit with North Korean leader Kim Jong-Un will take place as planned. Multiple media outlets this morning are questioning if the event will take place. The summit is tentatively planned for June 12. Banking stocks were on the move after Congress passed new laws designed to reduce regulations for thousands of financial institutions. The new rules will ensure that smaller banks are not facing the same strict rules as the bigger giants. The financial sector has been lobbying to changes to the Dodd-Frank Act since its inception after the 2008-09 financial crisis. Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg met with members of the European Union on Tuesday. The CEO of the social media giant outraged European Parliament members after reportedly dodging questions about user privacy and the firm's collection of personal data. During the conversation, EU members questioned whether Facebook is a monopoly and pondered if the firm should be broken up due to antitrust concerns. Three Stocks to Watch Today: TGT, LOW, TIF Shares of Target Corporation (NYSE: TGT) fell nearly 6% after the retail giant fell short of earnings expectations before the bell. The firm reported earnings per share of $1.32. This figure missed Wall Street earnings expectations by six cents. The retail giant blamed poor spring weather for its performance and said that its bottom line has been impacted by the costs of upgrading its physical locations. Lowe's Companies (NYSE: LOW) stock gained
Top 10 Casino Stocks To Watch For 2019: Infinity Pharmaceuticals, Inc.(INFI)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Infinity Pharmaceuticals (INFI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Casino Stocks To Watch For 2019: Seacoast Banking Corporation of Florida(SBCF)
Advisors' Opinion:- [By Joseph Griffin]
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Get Seacoast Banking Co. of Florida alerts: Seacoast Banking Co. of Florida (SBCF) EVP Sells $43,249.63 in Stock (americanbankingnews.com) Q2 2018 EPS Estimates for Seacoast Banking Co. of Florida Cut by FIG Partners (SBCF) (americanbankingnews.com) Q2 2018 EPS Estimates for Seacoast Banking Co. of Florida (SBCF) Cut by Analyst (americanbankingnews.com) Zacks Investment Research Lowers Seacoast Banking Co. of Florida (SBCF) to Sell (americanbankingnews.com)SBCF has been the subject of several recent research reports. Zacks Investment Research upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. ValuEngine raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. BidaskClub raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Guggenheim reissued a “hold” rating and issued a $28.00 price objective on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 31st. Finally, Hovde Group raised shares of Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $30.00 to $29.00 in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $29.00.
Top 10 Casino Stocks To Watch For 2019: Applied DNA Sciences Inc(APDN)
Advisors' Opinion:- [By Shane Hupp]
Ascent Capital Group (NASDAQ: ASCMA) and Applied DNA Sciences (NASDAQ:APDN) are both small-cap industrial products companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitability, earnings and institutional ownership.
- [By Max Byerly]
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
Get Applied DNA Sciences alerts: Applied DNA Sciences’ (APDN) CEO James Hayward on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com) Edited Transcript of APDN earnings conference call or presentation 3-May-18 8:30pm GMT (finance.yahoo.com) Applied DNA Sciences: Fiscal 2Q Earnings Snapshot (finance.yahoo.com) Applied DNA Sciences (APDN) Stock Rating Upgraded by ValuEngine (americanbankingnews.com) Applied DNA Reports Fiscal Second Quarter 2018 Financial Results (finance.yahoo.com)A number of research analysts have issued reports on the stock. Maxim Group set a $5.00 price target on shares of Applied DNA Sciences and gave the stock a “buy” rating in a report on Friday, April 6th. ValuEngine raised shares of Applied DNA Sciences from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
Top 10 Casino Stocks To Watch For 2019: NRG Energy Inc.(NRG)
Advisors' Opinion:- [By Jon C. Ogg]
NRG Energy Inc. (NYSE: NRG) was started with a Buy rating and�assigned a $37 price objective (versus a $33.15 close) at Merrill Lynch.
Oasis Petroleum Corp. (NYSE: OAS) was reiterated as Overweight and the target price was raised to $17 from $13 at Morgan Stanley.
- [By Ethan Ryder]
DTE Energy (NYSE: DTE) and NRG Energy (NYSE:NRG) are both utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, profitability, valuation, risk, dividends and analyst recommendations.
Top 10 Casino Stocks To Watch For 2019: Methode Electronics, Inc.(MEI)
Advisors' Opinion:- [By Logan Wallace]
ValuEngine cut shares of Methode Electronics (NYSE:MEI) from a hold rating to a sell rating in a research note published on Wednesday morning.
MEI has been the topic of several other research reports. Zacks Investment Research lowered Methode Electronics from a buy rating to a hold rating in a research report on Saturday, February 24th. Robert W. Baird reissued an outperform rating and set a $51.00 target price (up previously from $48.00) on shares of Methode Electronics in a research report on Friday, March 2nd. Finally, TheStreet lowered Methode Electronics from a b rating to a c+ rating in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $48.75.
- [By Logan Wallace]
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Get Methode Electronics alerts: Analysts Expect Methode Electronics (MEI) Will Announce Quarterly Sales of $242.88 Million (americanbankingnews.com) Methode Electronics (MEI) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com) Analysts Anticipate Methode Electronics (MEI) Will Post Earnings of $0.74 Per Share (americanbankingnews.com) Commit To Buy Methode Electronics At $35, Earn 5.8% Annualized Using Options (nasdaq.com)Shares of Methode Electronics opened at $41.75 on Tuesday, Marketbeat reports. Methode Electronics has a 12-month low of $41.85 and a 12-month high of $42.60. The company has a market capitalization of $1.56 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.03 and a quick ratio of 3.47.
Top 10 Casino Stocks To Watch For 2019: Graco Inc.(GGG)
Advisors' Opinion:- [By Shane Hupp]
Prudential Financial Inc. reduced its holdings in Graco (NYSE:GGG) by 55.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 424,224 shares of the industrial products company’s stock after selling 528,080 shares during the quarter. Prudential Financial Inc. owned about 0.25% of Graco worth $19,395,000 at the end of the most recent quarter.
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