Shares of casino operators have been on the rise after news broke that monthly gaming revenue in Macau increased for the first time since May of 2014, likely driven mostly by new openings. The news sent shares of Las Vegas Sands (NYSE:LVS) up 7.4%, shares of Melco Crown Entertainment (NASDAQ:MPEL) up 8.7%, shares of Wynn Resorts (NASDAQ:WYNN) up 3.4%, and shares of MGM Resorts (NYSE:MGM) up 2.9%....More>>>
I recently wrote about how Capstead Mortgage (NYSE:CMO) was a sinking ship to be avoided. That was because there was an 11.5% dividend cut. So why this cut? Well, the fact is that 2015 was a rough year for the name, though in Q1 2016, the company beat consensus estimates on the top line and had an in-line bottom-line result. But Capstead reported net income of just $27.4 million or $0.25 per share....More>>>
CARDIOME PHARMA CORP (NASDAQ: CRME) shares tumbled 38.2 percent to $2.39 after the company issued U.S. regulatory update for BRINAVESS. The FDA advised Cardiome that the data package proposed is not sufficient to support re-submission of the BRINAVESS NDA. Francesca's Holdings Corp (NASDAQ: FRAN) shares dipped 14.9 percent to $6.79. Francesca’s reported the departure of Laurie Hummel,....More>>>
NEW YORK Stocks fellWednesday as the Dow dropped more than 100 points, putting more distance between the blue chipsand that elusive 20,000 mark.
Dow 20,000 has been in sight for several days now, with the index getting as close as a couple of dozen points from the milestone but never reaching it.
At the 4 p.m. ET close, the Dow stood0.6% lower for the day, off 111points and 166away....More>>>
Investors concerned about lofty market valuations can look at two candidates in the consumer staples space – Kraft Heinz Co. (NASDAQ: KHC) and Unilever (NYSE: UL) – for exposure to growing payouts and the continuing wave of M&A. It is worth undertaking a comprehensive valuation of these two companies at this juncture to see who represents a better long-term opportunity from a numbers....More>>>