Wynn Resorts (WYNN) sunk to the bottom of the S&P 500 today after China said it would limit ATM withdrawals in Macau.
Shares of Wynn Resorts dropped 11% to$90.72 today, while the S&P 500 gained 0.2% to 2,246.19.
My colleague Dimitra DeFotis, who runs Barron’s Emerging Markets Daily, explains what happened:
The move is another in a series to....More>>>
U.S. equities slide sideways on Wednesday, with large-caps moving higher and small-caps moving lower. Yawn.
In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.3% and the Russell 2000 lost 0.1%. Treasury bonds strengthened, the dollar weakened, gold lost 0.4% and oil gained 0.7%.
Click to Enlarge Breadth was positive,....More>>>
Emerging markets are struggling since last weeks unexpected U.S. presidential election victory by Donald Trump, a man who had campaigned on tearing up trade deals, instituting tariffs, and labeling China a currency manipulator. But the president-elects trade rhetoric has less to do with the selloff than you might think, analysts said.
While the prospect of a trade war or heightened geopolitical....More>>>
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.
Wi-LAN Inc. (WILN) is trading around $1.83 per share. The Peter Lynch value gives the stock a fair price of $2.3 so the stock....More>>>
During the past year I have been a long term bear on Procter & Gamble (NYSE:PG). Twelve months ago I stated P&G may underperform due to competitive pressure from private label, a high payout ratio and increasing competition in the highest margin businesses. Six months ago I stated the company’s Shrink to Grow program has not led to increases in market share, consistent organic volume....More>>>