Tag: MGM

  • Market Movers: J.C. Penney Company, Inc. (NYSE:JCP), eBay Inc. (NASDAQ:EBAY), JetBlue Airways (NASDAQ:JBLU), Las Vegas Sands Corp. (NYSE:LVS), MGM Resorts International (NYSE:MGM)

    J.C. Penney Company, Inc. (NYSE:JCP) is outperforming the North America retail CDS Index of Fitch. The company’s five year CDS saw tightening of more than 36% in the past one month. Over this period, the retail CDS index tightened by as less as 4% showing the strength in the company. The better credit default swap spread of JCP is signaling the investor confidence in the company. The company is back on the recovery path. It is also gaining on the front of the cost of credit protection paid on JCP debt. As per the Fitch, it is trading at its lowest level since July 2013. J.C. Penney Company, Inc. (NYSE:JCP) net profit margin is -11.60% and weekly performance is -2.94%. On last trading day company shares ended up $8.59. Analysts mean target price for the company is $9.33. J.C. Penney Company, Inc. (NYSE:JCP) distance from 50-day simple moving average (SMA50) is 0.06%.

    ebay Inc. (NASDAQ:EBAY) StubHub, the country’s biggest ticket reseller, started “all-in pricing” for its tickets this year, advertising the total cost to consumers upfront to eliminate surprise fees at checkout. Live Nation offers upfront pricing as well. eBay Inc. (NASDAQ:EBAY) shares fell -0.14% in last trading session and ended the day on $50.42. EBAY gross Margin is 68.40% and its return on assets is -0.40%.eBay Inc. (NASDAQ:EBAY) quarterly performance is -14.63%.

    JetBlue Airways Corporation (NASDAQ:JBLU) announced that it has applied to the U.S. Department of Transportation to enter into a bilateral codeshare agreement with Singapore Airlines. JetBlue Airways Corporation (NASDAQ:JBLU) shares moved up 2.34% in last trading session and was closed at $10.05, while trading in range of $9.81 – $10.09. JetBlue Airways Corporation (NASDAQ:JBLU) year to date (YTD) performance is 17.68%.

    Las Vegas Sands (NYSE:LVS) owns a high-quality portfolio of assets in the U.S., Singapore, and, more importantly, in the very exciting growth market of Macau. The company has ambitious growth plans in Macau, and it’s also exploring opportunities in other markets such as Japan, Korea, and Vietnam. Financial performance has been extraordinary over the last years, yet Las Vegas Sands is still attractively valued when compared with competitors such as Wynn Resorts (NASDAQ:WYNN) and Melco Crown (NASDAQ:MPEL) . Las Vegas Sands Corp. (NYSE:LVS) ended the last trading day at $75.44. Company weekly volatility is calculated as 1.80% and price to cash ratio as 18.45.Las Vegas Sands Corp. (NYSE:LVS) showed a negative weekly performance of -0.66%.

    Shares of MGM Resorts International (NYSE:MGM) are down -3.37% on Tuesday as casino stocks are in decline following Macau revenue results for May. MGM Resorts International (NYSE:MGM) net profit margin is -0.50% and weekly performance is -0.94%. On last trading day company shares ended up $25.38. Analysts mean target price for the company is $31.14. MGM Resorts International (NYSE:MGM) distance from 50-day simple moving average (SMA50) is 1.96%.