NEW YORK, Feb. 7, 2018 /PRNewswire/ —
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on MLCO, MGM, NCLH, and PENN which can be accessed for free by signing up to www.wallstequities.com/registration. Today’s focus is shifted on the Hotel/Gaming industry, which is highly dependent on the business cycle and consumer discretionary spending. Operating earnings in this space tend to swing widely between good and bad economic times. Pre-market this morning, WallStEquities.com recalls the previous performance of four Resorts and Casinos stocks, namely: Melco Resorts & Entertainment Ltd (NASDAQ: MLCO), MGM Resorts International (NYSE: MGM), Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), and Penn National Gaming Inc. (NASDAQ: PENN). All you have to do is sign up now for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Melco Resorts & Entertainment
On Tuesday, shares in Melco Resorts & Entertainment Ltd recorded a trading volume of 2.02 million shares. The stock ended the day at $28.53, declining slightly by 0.17% from the last trading session. The Company’s shares have advanced 10.11% in the previous three months and 69.22% over the past year. The stock is trading above its 200-day moving average by 19.51%. Furthermore, shares of the Company have a Relative Strength Index (RSI) of 52.78.
On February 05th, 2018, research firm Goldman upgraded the Company’s stock rating from ‘Neutral’ to ‘Buy’.
On February 05th, 2018, Melco announced that it will furnish its unaudited financial results for Q4 and year ended December 31st, 2017, on Form 6-K with the US SEC on February 08th, 2018, to be followed by a conference call on the same day at 8:30 a.m. ET. Get the full research report on MLCO for free by clicking below at: www.wallstequities.com/registration/?symbol=MLCO
MGM Resorts International
Nevada-based MGM Resorts International’s stock rose 1.19%, finishing yesterday’s session at $34.88. A total volume of 9.40 million shares was traded, which was above their three months average volume of 7.32 million shares. The Company’s shares have gained 11.58% over the previous three months and 20.07% over the past year. The stock is trading above its 200-day moving average by 7.37%. Additionally, shares of MGM Resorts have an RSI of 45.85.
On January 19th, 2018, research firm Jefferies initiated a ‘Buy’ rating on the Company’s stock.
On January 24th, 2018, MGM Resorts (MGM) announced that for the third consecutive year, it has been named one of the “World’s Most Admired Companies” by Fortune magazine in its annual survey of business leaders and analysts. The survey, regarded as a definitive analysis of corporate reputation, ranked MGM among the best in the world in the category of Hotels, Casinos and Resorts. Get access to our top-rated research, including the free report on MGM at: www.wallstequities.com/registration/?symbol=MGM
Norwegian Cruise Line Holdings
Shares in Florida headquartered Norwegian Cruise Line Holdings Ltd ended the session 2.19% higher at $58.20. The stock recorded a trading volume of 2.47 million shares, which was above its three months average volume of 1.83 million shares. The Company’s shares have gained 6.07% in the last month and 22.47% over the past year. The stock is trading 3.72% above its 50-day moving average and 5.65% above its 200-day moving average. Moreover, shares of the Company have an RSI of 51.15.
On January 09th, 2018, Norwegian Cruise Line announced that Steve Odell, Senior Vice President and Managing Director Asia/Pacific, has expanded his role to include the Company’s China operations along with the greater Asia/Pacific region. Alex (Yucheng) Xiang has been promoted to Managing Director of China operations, reporting to Odell. David Herrera, previously President of Chinaoperations and based in Shanghai, will relocate back to Miami as Senior Vice President of Strategy and Corporate Development.
On February 05th, 2018, research firm JP Morgan upgraded the Company’s stock rating from ‘Neutral’ to ‘Overweight’. Click here to subscribe for a free membership which welcomes you with our report on NCLH at: www.wallstequities.com/registration/?symbol=NCLH
Penn National Gaming
On Tuesday, Pennsylvania-based Penn National Gaming Inc.’s stock climbed 2.34%, finishing at $30.66. A total volume of 1.44 million shares was traded, which was above their three months average volume of 1.16 million shares. The Company’s shares have gained 17.65% over the previous three months and 125.44% over the past year. The stock is trading 0.63% and 27.49% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company have an RSI of 44.68.
On January 22nd, 2018, research firm Deutsche Bank reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $32 a share to $38 a share.
On January 25th, 2018, Penn National Gaming announced that it will release its Q4 2017 financial results at 7:00 a.m. ET on February 08th, 2018, and will host a conference call and simultaneous webcast at 9:00 a.m. ET that same day. www.wallstequities.com/registration/?symbol=PENN
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/