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Wells Fargo sends a chill out in the gaming sector with its early read that July gaming revenue...

Wells Fargo sends a chill out in the gaming sector with its early read that July gaming revenue in Macau is trending low. Extrapolating out the first week of data shows growth of 0%-5%, below the consensus estimate of analysts of 7%. Decliners: MGM -3.6%, MPEL -4.0%, WYNN -1.1%, LVS -1.9%.
Comments (2)
  • Tim Cunningham
    , contributor
    Comments (66) | Send Message
     
    LVS is a cash machine. Completely oversold. I think you can pick it up here for 50% gain in a year.
    9 Jul 2012, 05:12 PM Reply Like
  • No. 1 Trader
    , contributor
    Comments (47) | Send Message
     
    I agree, these ANALists do this every 1/4, try to downplay these stocks so they can buy them cheap and run them up into the earnings. Although we have broken support on LVS......................
    9 Jul 2012, 10:45 PM Reply Like
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