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Are Recent Casino Moves A Mirage? - OTCPicks.com Market Report

|Includes: MGM Resorts International (MGM)
 
Prosper Texas, August 04 2009 – On Monday casino giant MGM MIRAGE (NYSE: MGM) reported second quarter earnings that came in with a loss of 15 cents per share, ex-items. Analysts were looking for a loss closer to 9 cents a share. On Tuesday morning, shares of the casino operator were trading higher by 9 % along with Las Vegas Sands Corp. (NYSE: LVS) which was trading higher by 8%., well off the recent lows.
 
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Other Stocks we’re watching for Tuesday, AUG 4, 2009 include:
 
NavStar Technologies. (OTC: NVSR) Is up as much as 100%. The company announced Aug 4 09 it is in discussions with a group of investors to sell and distribute products and services in Korea.
 
Baywood International Inc. New  (OTCBB: BAYW) Is up as much as 20% Announced on Aug 4 09 that Costco Wholesale is rolling out New Leaf Tea in all 77 stores in Canada starting the first week of this month.
 
Article contributions courtesy of http://www.premarketdata.com.
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OTCPicks.com is an Internet destination for investors seeking information on small cap and micro cap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
 
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
 
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