Wynn Resorts Ltd. (NASDAQ: WYNN) shares suffered an incredible loss over the course of 2014 and well into 2015. The stock still is at about half of its peak value from back in 2014. However ithas made a solid run in 2017 (up 35%) so far, and more investors are coming around to the idea. Also many analysts have taken away their negative ratings over the past few months, but now Wynn has a new street-high analyst target from an independent research firm.
Argus Research has upgraded its rating on Wynn Resorts to Buy from Hold, with a price target of $135. Wynn shares closed at $116.74 on Tuesday, prior to the release of this report. Also worth noting is that shares have risen above the current Thomson Reuters consensus analyst target of $109.18. What should stand out here is that the highest sell-side research target price was $134, so Argus is now the highest official street-high analyst target.
Remember thatthe Thomson Reuters research universe is made up of sell-side research analysts rather than independent research and buy-side research.
stock market options: Key Tronic Corporation(KTCC)
Advisors’ Opinion:
- [By Lisa Levin]
Computer Peripherals: This industry rose 2.21% by 10:15 am ET. The top performer in this industry was Key Tronic (NASDAQ: KTCC), which gained 0.3%. Key Tronic’s trailing-twelve-month ROE is 14.57%.
stock market options: Barnes & Noble, Inc.(BKS)
Advisors’ Opinion:
- [By Peter Graham]
Small cap university book store operatorBarnes & Noble Education Inc (NYSE: BNED), a spinoff fromBarnes & Noble, Inc (NYSE: BKS), reported Q2 2018 earnings before the market opened Monday. Consolidated sales increased 15.1% to$886.9 million (primarily attributable to the contributions from the MBS and Student Brands acquisitions, net new stores opened at BNC, partially offset by the impact from declining comparable store sales at BNC) as year to date consolidated sales increased 23.0% to$1,242.6 million. Comparable store sales at BNC decreased 4.4% representing approximately $33.8 million in revenue primarily attributable to textbook sales, which were down 5.0% versus a decrease of 3.7% in the prior year period and a decrease in general merchandise sales of 1.9% versus a decrease of 1.3% in the prior year period. GAAP net incomewas $48.4 million versus $29.3 million and year to date GAAP net income of $13.6 million versus $1.4 million in the prior year period. For fiscal year 2018, the Company expects sales at BNC to be relatively flat, while BNC comparable store sales are projected to decline in the low-to mid-single digit percentage point range year over year.
- [By Peter Graham]
A long term performance chart shows Chegg Inc finallymovingabove IPO levels while potential performance benchmarks such as Houghton Mifflin Harcourt Co (NASDAQ: HMHC) and Barnes & Noble Education Inc (NYSE: BNED), a spin off from Barnes & Noble, Inc (NYSE: BKS), have seen their performance slip:
- [By Peter Graham]
Small cap book retailer Barnes & Noble, Inc (NYSE: BKS) reported fiscal Q4 2017 earnings before the market opened this morning as sales beat expectations while the Q4 loss was narrower than expected. Total sales fell 6.3% to$821 million as online sales increased 2.9% and comparable store sales declined 6.3%. The Q4 net loss improved to $13.4 million from aloss of $30.6 million. For the quarter, Retail generated an operating loss of $15.9 million, while NOOK incurred an operating loss of $7.9 million, for a total operating loss of $23.8 million.
- [By Peter Graham]
The Q2 2017 earnings report for small cap bookretailer Barnes & Noble, Inc (NYSE: BKS) is scheduledfor before the market opens onTuesday (November) with the company experiencing significant headwinds the last time around in part due to consumers being focused on elections.
- [By Kumar Abhishek]
Apart from eCommerce growth, another reason why some analysts are bullish on Amazon is because of itsgrowing offline presence. In anirony of sorts, Amazon.com, Inc which made its name by disrupting the brick-and-mortar retail market is planning on more physical presence. According to a New York Times article, Amazon is going to make a strong push in the bookstore, groceryand furniture segments. Recently, Amazon opened its first store in the same mall where the giant Barnes & Noble (NYSE:BKS) had its bookstore before Amazon disrupted the publishing industry. For every store that Barnes and Noble will close this year, Amazon is likely to open a new one. Amazon is also opening more grocery shops and fulfillment centers, including one in India. But given the recent chaos in the brick-and-mortar retail space, why is Amazon.com Inc planning to enter this space?
stock market options: Galapagos NV(GLPG)
Advisors’ Opinion:
- [By Stephen Mack]
Galapagos NV (Nasdaq: GLPG) is our big winner so far, gaining 578.8% since Money Morning Executive Editor Bill Patalon shared his recommendation with Money Morning readers in April 2012. The S&P 500 has gained 75.4% in the same time. Bill has renewed his recommendation for the Belgian biotech several times over the years, saying in 2016 that it has “an established history of piling on gains.” With an average gain of 110% a year, it’s hard to argue with that.
- [By David Zeiler]
Bill Patalon’s initial stock pick was Galapagos NV (Nasdaq ADR: GLPG), a Belgian biotech company.
Patalon was attracted to Galapagos’ strategy to target “orphan diseases,” afflictions that strike rarely and so often go ignored by the Big Pharma companies. He also liked that Galapagos had more than 50 drug discovery programs underway, and that it already had licensing agreements with several bigger players in the industry.
stock market options: PPL Corporation(PPL)
Advisors’ Opinion:
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $31.53 after closing Tuesday at $32.42. The 52-week high is $40.20. Volume was about 15.5 million, more than three times the daily average of around 4 million shares. The electric utility company took a downgrade on Tuesday and the fallout continues to drop.
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $31.11 after closing Wednesday at $31.59. The 52-week high is $40.20. Volume was about 9.6 million, more than double the daily average of around 4.2 million shares. The electric utility company had no specific news.
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $32.48 after closing Monday at $33.97. The 52-week high is $40.20. Volume was about 5.9 million, nearly a third higher than the daily average of around 3.9 million shares. The electric utility company had no specific news.
