Market Currents

• Monday, November 9, 2009

• 09:20 AM Wynn Resorts (WYNN) declares a special cash dividend of $4.00/share, payable on Dec. 3 to shareholders of record on Nov. 19. Shares +7.8% premarket. Comment!

• Sunday, November 8, 2009

• 17:32 PM Sources say Las Vegas Sands (LVS) is now looking to raise a hefty $3.35B through its Hong Kong IPO of its Macau business, close to double the $1.63B Wynn Resorts (WYNN) raised earlier this month in a similar move. Sands has struggled with a heavy debt load, and is looking to seize the opportunity while the IPO window is open. 2 Comments

• Tuesday, October 27, 2009

• 08:37 AM Wynn Resorts (WYNN): Q3 EPS of $0.33 beats by $0.18. Revenue of $773M vs. $743M. Shares +1.9% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Monday, October 12, 2009

• 18:25 PM Macau met with its six casino operators to discuss the growth of the gambling industry, including limits on the number of tables - sending shares down for Wynn Resorts (WYNN -2.9%), Las Vegas Sands (LVS -1.8%), Melco Crown Entertainment (MPEL -3.8%) and MGM Mirage (MGM -1.6%). 1 Comment

• Friday, October 9, 2009

• 08:15 AM Shares of the Macau unit of Wynn Resorts (WYNN) spiked 13% in debut trading in Hong Kong on Friday. Wynn Macau raised $1.63B last week in one of the biggest IPOs of this year. Comment!

• Wednesday, September 30, 2009

• 11:29 AM Wynn Resorts (WYNN) raises $1.63B after its Hong Kong IPO prices at the top of its range, but some brokers say the high price may make a strong debut difficult after several recent IPOs have been battered by increasingly selective investors. 1 Comment

• Sunday, September 20, 2009

• 14:54 PM Update on Wynn Resorts' (WYNN) Hong Kong IPO aspirations: It's now looking to take in $1.6B, up from $1B a couple weeks ago. Comment!

• Friday, September 11, 2009

• 08:02 AM Wynn Resorts (WYNN) gets the go ahead from Hong Kong regulators to sell 20% of its Macau operations into a $1B IPO. Bookrunners: JPMorgan (JPM), Morgan Stanley (MS) and UBS (UBS). Rival Las Vegas Sands (LVS) is also looking to launch a similar-sized IPO later this year. Comment!

• Thursday, July 30, 2009

• 08:35 AM Wynn Resorts (WYNN): Q2 EPS of $0.09 beats by $0.10. Revenue of $723M (-12%) vs. $739M. Shares +4.8% premarket. (PR) Comment!

• Tuesday, July 21, 2009

• 09:00 AM Premarket gainers: JDAS +25%. INCY +18%. AKRX +12%. CAT +12%. CIT +7%. SPPI -7%. IP +7%. UAUA +6%. HEB +6%. CTIC +5%. JOYG +5%. YGE +5%. LVS +5%. JASO +5%. MGM +5%. AIB +5%. SOL +4%. WYNN +4%. DE +4%. MRK +4%. TSTR +4%. MON +4%. DOW +4%.
  Losers: RF -11%. LXK -11%. ZION -7%. AKS -5%. STT -4%. SAY -4%. Comment!

• Wednesday, May 13, 2009

• 13:20 PM Nasdaq leaders: APOL +2%. DTV +1%. Laggards: LINTA -11%. STLD -11%. FLEX -10%. WYNN -9%. LAMR -9%. EXPE -8%. LVLT -8%. SHLD -7%. NVDA -7%. UAUA -7%. DISH -7%. LBTYA -6%. LOGI -6%. AMAT -6%. VMED -5%. AMLN -5%. PCAR -5%. GRMN -5%. JOYG -5%. FAST -5%. WFMI -5%. MICC -5%. EBAY -5%. FWLT -5%. Comment!

• Tuesday, May 5, 2009

• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, ALU, AVP, AYE, BAM, CBB, CEG, CTSH, CVS, DNR, DRH, DUK, EMR, FCL, FE, HEW, HNT, ICE, JOE, KFT, LM, LPX, MAC, MVL, PAG, PCP, PGN, PNW, PQ, RDN, SE, SRE, TAP, TEVA, UNT, VRX, VTR, WEC, WTI, WY, WYNN, XEC
    Comment!

• Thursday, April 30, 2009

• 09:04 AM Premarket gainers: MGM +55%. HGSI +28%. PCX +22%. AEG +20%. LVS +19%. FSLR +15%. DOW +14%. MPEL +12%. ARRS +11%. ING +11%. IP +10%. ESLR +10%. DRYS +9%. BCS +9%. AKAM +9%. SRZ +9%. OMX +8%. CMCSA +8%. SOL 8%. SOLF +8%. ACAS +8%. JASO +8%. SPWRA +8%. LDK +7%. RFMD +7%. UBS +7%. TYC +6%. AIB +8%. HBAN +6%. FITB +6%. WYNN +6%. RAD +6%. HBC +6%. AZ +6%. TSM +6%. RF +6%. ETFC +6%. ORLY +5%. LSI +5%. GM +5%. BAC +5%. MTL +5%. CTXS +5%. C +5%. Comment!

• Thursday, April 2, 2009

• 09:00 AM Premarket gainers: MGM +25%. AIB +21%. IRE +20%. EXM +17%. HBC +13%. CNO +13%. GM +13%. GNA +13%. AIG +11%. HBAN +11%. ING +11%. LVLT +9%. MT +9%. DB +9%. SANM +9%. C +9%. BAC +9%. DHI +9%. BCS +9%. ERX +8%. LYBG +8%. HIG +8%. AKS +8%. RF +8%. DYN +8%. CROX +8%. GNW +8%. HOV +8%. LVS +7%. AAUK +7%. X +7%. FITB +7%. BHP +87%. JASO +7%. DOW +7%. SOLF +7%. WYNN +7%. MAC +7%.
  Losers: CDE -5%. ELN -5%. DGP -3%. HL -3%. AUY -3%. RAD -3%. 3 Comments

• Tuesday, March 17, 2009

• 09:03 AM Premarket losers: ENER -25%. AA -12%. FSLR -5%. WYNN -4%. Comment!