MGM Resorts (MGM) sparked more pain for the gambling sector when it warned Thursday that bookings and room prices in the third quarter were lower than expected.
The guidance sent shares of MGM, which also reported sharply lower second quarter earnings, down about 3% in early trading. Wynn Resorts (WYNN) and Penn National Gaming (PENN) were also trading lower on the news.
CEO Jim Murren downplayed the significance of the lag in bookings, saying the summer months are tough for Vegas hotels and that he expects a pickup at the end of the year.
"You guys get so worked up about a couple of weeks," Murren said on a call with analysts Thursday. "Do we think there is anything structurally going on in Vegas? The answer is no. If I shared that concern, I would tell you. We're going to be stronger in the fourth quarter going into next year."
MGM's decline followed a wild day for casino stocks on Wednesday. Caesar's Entertainment (CZR) fell as much as 24% and trading was halted several times after it reported weakness in third quarter as well.
Top 5 Casino Stocks For 2019: First Cash Financial Services, Inc.(FCFS)
Advisors' Opinion:- [By Shane Hupp]
FirstCash (NYSE: FCFS) and CafePress (NASDAQ:PRSS) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends.
- [By Logan Wallace]
First Cash Financial Services, Inc. (NYSE:FCFS) shares hit a new 52-week high and low during trading on Thursday . The company traded as low as $88.95 and last traded at $88.70, with a volume of 371494 shares traded. The stock had previously closed at $87.80.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on First Cash Financial Services (FCFS)
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- [By Joseph Griffin]
First Cash Financial Services (NYSE: FCFS) and Ferrellgas Partners (NYSE:FGP) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, dividends, valuation, earnings, risk, analyst recommendations and profitability.
- [By Shane Hupp]
Prescott Group Capital Management L.L.C. lowered its position in shares of FirstCash Inc (NYSE:FCFS) by 16.7% in the second quarter, HoldingsChannel reports. The firm owned 25,000 shares of the credit services provider’s stock after selling 5,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in FirstCash were worth $2,246,000 as of its most recent SEC filing.
Top 5 Casino Stocks For 2019: Laboratory Corporation of America Holdings(LH)
Advisors' Opinion:- [By Joseph Griffin]
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
Get Laboratory Corp. of America alerts: Stock Traders Buy Large Volume of Laboratory Corp. of America Put Options (LH) (americanbankingnews.com) Credit Suisse Group Lowers Laboratory Corp. of America (LH) to Hold (americanbankingnews.com) Laboratory Corp. of America (LH) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com) Can LaunchPad Aid LabCorp's (LH) Covance Arm in Q1 Earnings? (finance.yahoo.com) As Laboratory Corp Of America Holdings (LH) Shares Rose, Shareholder Veritas Investment Management Llp … (djzplanet.com)LH has been the subject of several research analyst reports. Craig Hallum restated a “buy” rating and set a $204.00 price target (up from $180.00) on shares of Laboratory Corp. of America in a research note on Wednesday, February 7th. Morgan Stanley upped their target price on Laboratory Corp. of America from $182.00 to $192.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Zacks Investment Research downgraded Laboratory Corp. of America from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Mizuho set a $178.00 target price on Laboratory Corp. of America and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Robert W. Baird set a $183.00 target price on Laboratory Corp. of America and gave the stock a “hold” rating in a research report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $189.19.
- [By Shane Hupp]
Triangle Securities Wealth Management lifted its stake in Laboratory Corp. of America Holdings (NYSE:LH) by 34.5% in the second quarter, HoldingsChannel.com reports. The fund owned 2,339 shares of the medical research company’s stock after purchasing an additional 600 shares during the period. Triangle Securities Wealth Management’s holdings in Laboratory Corp. of America were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Garrett Baldwin]
If you're looking to get your share of a booming, global growth story, look no further than Laboratory Corp. of America Holdings (NYSE: LH).
The Burlington, North Carolina-based company operates the largest network of clinical laboratories in the world. Its U.S. network has 36 labs and processes 2.5 million lab tests every week.
Top 5 Casino Stocks For 2019: Advanced Semiconductor Engineering, Inc.(ASX)
Advisors' Opinion:- [By Joseph Griffin]
LDK Solar (OTCMKTS:LDKYQ) and ASE Technology (NYSE:ASX) are both oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, dividends, profitability, risk and valuation.
- [By Logan Wallace]
ASE Technology (NYSE:ASX) and Magnachip Semiconductor (NYSE:MX) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, profitability, risk, analyst recommendations, dividends, institutional ownership and valuation.
Top 5 Casino Stocks For 2019: Harmonic Inc.(HLIT)
Advisors' Opinion:- [By Jon C. Ogg]
Harmonic Inc. (NASDAQ: HLIT) was started as Buy with a $7 target price (versus a $5.32 close) at Needham.
NetApp Inc. (NASDAQ: NTAP) was last seen down 8.5% at $61.60, based on its guidance after earnings. William Blair downgraded it to Market Perform from Outperform. JPMorgan also downgraded NetApp, to Neutral from Overweight.
- [By Stephan Byrd]
Harmonic Inc. (NASDAQ:HLIT) Director William F. Reddersen acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was purchased at an average cost of $3.99 per share, with a total value of $19,950.00. Following the acquisition, the director now directly owns 199,574 shares of the company’s stock, valued at approximately $796,300.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
- [By Max Byerly]
Harmonic Inc. (NASDAQ:HLIT) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.33.
- [By Ethan Ryder]
Vuzix (NASDAQ: HLIT) and Harmonic (NASDAQ:HLIT) are both small-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, analyst recommendations, risk, valuation, earnings and dividends.
- [By Max Byerly]
Digital Ally (NASDAQ: HLIT) and Harmonic (NASDAQ:HLIT) are both small-cap industrial products companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations.
Top 5 Casino Stocks For 2019: Tupperware Brands Corporation(TUP)
Advisors' Opinion:- [By Dan Caplinger]
Tuesday was another good day on Wall Street, thanks largely to diminished concerns about trade disputes between the U.S. and China. Chinese leaders made conciliatory comments that suggested that there could be a measured resolution to tensions between the two countries, and market participants took that as an all-clear sign to bid shares higher. Yet some stocks suffered from negative news. Tupperware Brands (NYSE:TUP), SBA Communications (NASDAQ:SBAC), and American Airlines Group (NASDAQ:AAL) were among the worst performers on the day. Here's why they did so poorly.
- [By Jeremy Bowman]
Shares of Tupperware Brands Corporation (NYSE:TUP) were getting crushed today after the plasticwear-maker reported disappointing earnings results and cut its full-year forecast. In addition, the company announced several leadership changes. As a result, the stock was down 16.2% at 11:42 a.m. EDT.
- [By Paul Ausick]
Tupperware Brands Corp. (NYSE: TUP) fell by more than 12% Tuesday to post a new 52-week low of $41.60 after closing at $47.34 on Monday. The 52-week high is $74.36. Volume of about 3.6 million was more than four times the daily average. The company lowered its first-quarter guidance this morning.
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