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Last week, ended February 10, the cannabis industry saw the highest amount of investment and M&A activity announcements year-to-date, lending support to the hypothesis of increasing capital markets support in the cannabis industry.
Hot Stocks To Buy For 2018: MGM Resorts International(MGM)
Advisors’ Opinion:
- [By Rich Duprey]
The big casinos certainly want to spend big. Las Vegas Sands (NYSE:LVS) says a new integrated resort in Japan will cost anywhere from $6 billion to $10 billion, two to three times more than it spent on building its brand new French-themed Parisian resort in Macau. MGM Resorts (NYSE:MGM) says it, too, could spend $10 billion for a new casino in Japan, quadruple the cost of its MGM Cotai that’s scheduled to open later this year. Wynn Resorts (NASDAQ:WYNN) hasn’t put a price tag on it yet, though it spent over $4 billion to open the Palace in Macau last August, but CEO Steve Wynn says the opportunity is “thoroughly delicious.”
- [By Craig Jones]
Jon Najarian noticed some call options activity in MGM Resorts International (NYSE: MGM). Traders were buying the September 32/37 call spread in the first half of the session on Thursday. Najarian likes the trade and he decided to initiate a long position in MGM Resorts.
- [By Ben Levisohn]
Wynn wasn’t the only Macau casino operator that took it on the chin today. Las Vegas Sands (LVS) tumbled 13% to $54.67, while Melco Crown Entertainment (MPEL) plunged 14% to $16.87, and MGM Resorts International (MGM) dropped 4.3% to $28.65.
- [By Ben Levisohn]
With companies like Under Armour (UAA), MGM Resorts International (MGM), andUnited Parcel Service (UPS) reporting tomorrow, we thought we’d get a jump start on the stocks moving after today’s close:
- [By Wayne Duggan]
Bernstein maintains Outperform ratings on Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and the China units of Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM).
- [By Ben Levisohn]
MGM Resorts International (MGM) always had two things going for it: It’s large Las Vegas footprint to counter the weakness in Macau, and it’s real-estate, which it spun off into MGM Growth Properties (MGP). But when MGM reported weaker than expected earnings this morning, it wasn’t a good sign that Las Vegas was disappointing. Wells Fargo’sCameron McKnight explains:
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Q4 Las Vegas EBITDA of $365mm was 10% ($40MM) below the Street. Las Vegas 4Q RevPAR growth of +3% was in-line with guidance, but below our expectations and industry data. For the 1Q17, MGM provided RevPAR guidance of 7%, a point or two below our expectations. We estimate revenue growth per visitor was +1.5% yr/yr. RevPOR (other revenue per occupied room) growth was +1.5%. We estimate expenses were +1% yr/yr. We expect the stock to be trade down on this morning’s release. While forward guidance was tepid, MGM missed Las Vegas expectations.
Shares of MGM Resorts International have tumbled 7.3% to $27.45 at 11:37 a.m. today, while MGM Resorts Properties has declined 0.3% to $25.58.
Hot Stocks To Buy For 2018: region(DGLD)
Advisors’ Opinion:
- [By Jim Robertson]
The VelocityShares 3x Inverse Gold ETN (NASDAQ: DGLD) seeks to provideshort exposure to three times (3x) the daily performance of theS&P GSCI Gold Index. As with UGLD, DGLD would be doing this viafutures contracts.
Hot Stocks To Buy For 2018: Student Transportation Inc(STB)
Advisors’ Opinion:
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested shorting small cap school bus transportation services stockStudent Transportation (NASDAQ: STB):
- [By Monica Gerson]
Student Transportation Inc (NASDAQ: STB) is estimated to post its quarterly earnings at $0.04 per share on revenue of $167.40 million.
Exar Corporation (NYSE: EXAR) is projected to post its quarterly earnings at $0.09 per share on revenue of $38.38 million.
Hot Stocks To Buy For 2018: Paychex Inc.(PAYX)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Wednesday brings earnings from General Mills (GIS) , which will likely be disappointing, Paychex (PAYX) , which will likely be good, and an analyst meeting from Cisco Systems (CSCO) , which needs to show investors it still has more growth ahead.
- [By Monica Gerson]
Paychex, Inc. (NASDAQ: PAYX) is projected to report its quarterly earnings at $0.50 per share on revenue of $751.20 million.
UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.26 per share on revenue of $362.62 million.
- [By Monica Gerson]
Darden Restaurants, Inc. (NYSE: DRI) is estimated to report its quarterly earnings at $1.08 per share on revenue of $1.81 billion.
ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.52 per share on revenue of $2.89 billion.
Paychex, Inc. (NASDAQ: PAYX) is projected to report its quarterly earnings at $0.49 per share on revenue of $751.52 million.
Micron Technology, Inc. (NASDAQ: MU) is expected to post a quarterly loss at $0.09 per share on revenue of $2.95 billion.
McCormick & Company, Incorporated (NYSE: MKC) is estimated to report its quarterly earnings at $0.74 per share on revenue of $1.06 billion.
Constellation Brands, Inc. (NYSE: STZ) is expected to report its quarterly earnings at $1.51 per share.
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is estimated to report its quarterly earnings at $0.18 per share on revenue of $356.41 million.
Franklin Covey Co. (NYSE: FC) is expected to post its quarterly earnings at $0.08 per share on revenue of $49.89 million.
Lindsay Corporation (NYSE: LNN) is projected to report its quarterly earnings at $0.99 per share on revenue of $148.43 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Monica Gerson]
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
Paychex, Inc. (NASDAQ: PAYX) is estimated to report its quarterly earnings at $0.49 per share on revenue of $751.52 million. Paychex shares rose 1.10 percent to close at $56.14 on Wednesday.
Wall Street expects Micron Technology, Inc. (NASDAQ: MU) to post a quarterly loss at $0.09 per share on revenue of $2.95 billion. Micron shares rose 0.76 percent to $13.29 in after-hours trading.
Pier 1 Imports Inc (NYSE: PIR) reported a wider-than-expected loss for its first quarter and issued a weak outlook. Pier 1 Imports shares dropped 6.07 percent to $5.11 in the after-hours trading session.
Analysts are expecting McCormick & Company, Incorporated (NYSE: MKC) to have earned $0.74 per share on revenue of $1.06 billion in the latest quarter. McCormick shares fell 0.59 percent to $102.10 in after-hours trading.
Posted-In: Stocks To WatchEarnings News Guidance Pre-Market Outlook Markets Trading Ideas
Hot Stocks To Buy For 2018: Starbucks Corporation(SBUX)
Advisors’ Opinion:
- [By Daniel B. Kline]
Starbucks (NASDAQ:SBUX) shares dipped after the company reported its Q1 earnings. Investors reacted to same-store sales in the United States coming in below expectations. COO and incoming CEO Kevin Johnson talked about how that happened in part because Mobile Order & Pay created congestion at the front of stores, where people wait to pick up their order, causing some people to walk away without ordering anything.
- [By Shanthi Rexaline]
Quoting a survey, UBS said in a note Friday Starbucks Corporation (NASDAQ: SBUX) is well positioned for continued U.S. market share gains. The firm also delved on growth at its channel development segment and Chinese opportunities.
- [By Seth McNew]
Some of what Chipotle is doing comes from Starbucks’ (NASDAQ:SBUX) playbook. The coffee company was a trailblazer in creating a digital and mobile strategy that has truly transformed the customer experience and added to Starbucks’ bottom line. Its app, which features a mobile wallet-style system of stored preferences and the ability to order ahead to pick up your drink without waiting in line, now has more than 13 million active users, and the company has pointed to its digital growth many times as a boost to its comparable-store sales and margin growth. Mobile payments now make up one-quarter of all Starbucks transactions.
- [By Stark Merrifield]
Another company Fitz-Gerald is watching is Starbucks Corp. (Nasdaq: SBUX).
The company is expanding its presence in China — it plans to have more than 5,000 stores opened by 2021 — a 1,150% increase from the 400 SBUX stores local to China in 2011. It also intends to install a 30,000-square-foot premium roaster on West Nanjing Road in Shanghai’s shopping district.
- [By Asit Sharma]
Sure, this is only a test, but it’s the antithesis of the company’s recent strategy, which is to differentiate itself from mammoth competitors like McDonald’s Corporation (NYSE:MCD) and Starbucks Corporation (NASDAQ:SBUX) through a never-ending cycle of rapid menu innovation. The recently introduced “Pretzel Croissant Breakfast Sandwich,” which Dunkin’ describes as a culinary mashup, is a fine example of how the risk-taking chain makes even Starbucks’ food innovation look timid.
- [By Ben Levisohn]
Starbucks (SBUX) is set to release earnings on April 27–and the result could set the coffee purveyor’s stock up for some tasty gains.
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What do I mean? Shares of Starbucks have been range bound for the last five months, with shares bouncing between roughly $54 and $60 during that period. But with earnings coming up, Starbucks has a catalyst to finally break though $60, if the company can deliver the goods.
In a note released yesterday, Oppenheimer’s Brian Bittner andMichael Tamas contend it will:
SBUX is highly controversial into a critical stretch for its investment case. It’s our top large-cap pick. We anticipate a multifaceted SSS improvement cycle into the June quarter (and beyond) at an attractive valuation. This intriguing setup is against ’17/’18 EPS estimates already harnessed at the bottom end of its 15-20% targeted algorithm. For 2Q17′s print (4/27 release), we expect in-line results and an unchanged outlook. We see limited downside to the $54 level with a base case at $65 (and upside case at $72).
Phases & Cycles’ Monica Rizk and Ron Meisels see more upside…if Starbucks can break that pesky $60:
A sustained rise above 卤$60 would signal a breakout and the start of a new up-leg. Behaviour indicators including the rising 40wMA and the rising trend-line confirm the positive status. Only a sustained decline below $54-55 would be negative. A rise above 卤$60 would signal Point & Figure targets of $69 and $74 (18% and 27% appreciation potentials from current levels).
See you there?
Shares of Starbucks have gained 1.4% to $59.16 at 2:57 p.m. today.
Hot Stocks To Buy For 2018: Applied Micro Circuits Corporation(AMCC)
Advisors’ Opinion:
- [By Piyush Arora]
AMD, along with other server-grade chip manufacturers such as Qualcomm (NSDQ:QCOM), Cavium (NSDQ:CAVM) and AMCC (NSDQ:AMCC), operates in the remaining minuscule 0.8% of the market. So, each of the aforementioned companies operate with a practically non-existent market share, compared to Intels shipments of course. This also means that these firms (AMD, Qualcomm etc.) have plenty of room to grow. This would be subject to good product releases of course, but at least this way, the law of large numbers isnt working against them.
