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Pareto Capital Short Melco Crown: Target Price Under $1.00
Friday, December 18, 2015 - 1:58pm | 474• Pareto Capital believes that shorting Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) is the best way to play the bursting of the Chinese fixed-asset bubble. • The firm argues that Macau’s revenue growth since 2008 has been the result of government stimulus. • Pareto...
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Melco Crown Introduces Motion To Voluntarily Withdraw Shares From Hong Kong Exchange
Friday, January 2, 2015 - 11:38am | 130Melco Crown Entertainment (NASDAQ: MPEL) announced on Friday that its Board of Directors unanimously approved a proposal to voluntarily withdraw shares from trading on Hong Kong's Main Board of the Stock Exchange for "reasons of cost and utility." The company reaffirmed its intentions to retain its...
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Unleash The Bulls: Surge In September Hiring Data Jolts Markets Higher
Friday, October 3, 2014 - 4:42pm | 1615U.S. markets rose sharply after the U.S. government reported that 248,000 jobs were created in September, bringing the unemployment rate to 5.9 percent, the lowest it has been since July 2008. In addition to the jobs report, data from the U.S. government showed the trade deficit narrowing in...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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Market Wrap For April 4: Dow Suffers Triple Digit Point Loss, Nasdaq Continues To Underperform
Friday, April 4, 2014 - 4:44pm | 2444U.S. stocks ended the week on a sour note as investors continue to sell many momentum names. Not helping the bull case was the much anticipated Jobs report number which failed to "wow" the market, coming in relatively in-line with expectations. The Dow suffered a triple digit point loss and...
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Market Wrap For March 31: Stocks Rally As Yellen Confirms Support For Economy
Monday, March 31, 2014 - 4:37pm | 2097U.S. stocks rose in the final day of the first quarter as the Fed's boss Janet Yellen said there is still room for the central bank to further boost the economy. Yellen, speaking in Chicago today, said the scars from the Great Recession remain, and reaching our goals will take time." Yellen...
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Market Wrap For January 28: Markets Snap Losing Streak, Apple Tumbles
Tuesday, January 28, 2014 - 5:42pm | 2932U.S. stocks reversed its multi-day losing streak as investors found enough positives in Tuesday's earnings to end the Dow's five day losing streak. The FOMC began its first day of a two-day meeting. The Wall Street Journal's Jon Hilsenrath believes that the central bank will reduce...
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Market Wrap For January 27: China Concerns, Declining Home Sales, Tomorrow's Fed Meeting and Obama's Speech Keep Markets Lower
Monday, January 27, 2014 - 5:48pm | 2489U.S. stocks picked up where they left off on Friday and declined today as investors have plenty on their mind. With earnings being a mixed bag, investors are looking at emerging markets and economic data to support a bullish case for equities. On the emerging market front, investors remain...
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Citi Unveils 2014 Global Gaming Outlook
Wednesday, January 8, 2014 - 4:01pm | 682On Tuesday, a team of analysts led by Anil Daswani at Citigroup (NYSE: C) released an outlook for the global gaming market. The analysts are bullish on the entire industry, using profound terms to describe 2014 as a “watershed year” for U.S. and Macau based gaming stocks. Macau: still room to...