Wells Fargo: Ups and downs for Macau gaming stocks

|By:, SA News Editor

Wells Fargo sees more ups and downs for Macau gaming stocks as larger macroeconomic issues start to factor in this year.

The investment firm suggests investors not get too excited about short-term sales growth tallies with the movable nature of lunar holidays in China making year-over-year comparisons tricky, but keep an eye an credit growth measures instead.

"We believe credit growth is one of many driving factors to gaming growth in Macau and a continued deceleration could potentially weigh on mid 2014 results," says Wells analyst Cameron McKnight.

Related stocks: MPEL, MGM, WYNN, LVS, GXYEF, SJMHF

Subscribe for full text news in your inbox