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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
Las Vegas Sands earnings missed views Thursday, kicking off Macau gaming giants' results. Las Vegas Sands stock fell late. Earlier, Melco was bullish on Macau gaming.
Today we'll look at Red Rock Resorts, Inc. (NASDAQ:RRR) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as that can Read More...
Stronger brands, better global presence, and more-diversified customers can help drink makers in 2019, according to Guggenheim analysts.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
Does Altria’s Valuation Look Attractive after Recent Correction?Stock performanceOn January 22, Morgan Stanley downgraded Altria Group (MO) from “equal weight” to “underweight.” The downgrade led Altria’s stock price to fall to a
Monster Beverage (MNST) is poised to benefit from momentum in the energy drinks business and strong international presence. Innovative product launches are also likely to work in its favor.
While non-gaming revenues are likely to aid Wynn Resorts (WYNN) in the fourth quarter, a slowdown in the company's Las Vegas operations is likely to mar profits.
Learn the good, and the bad, about Zacks stock ranking system including when it works best and how you can maximize it for your own investing.
Altria Stock Fell More than 6% after Morgan Stanley’s DowngradeMorgan Stanley’s downgrade On January 22, Morgan Stanley downgraded Altria (MO) from “equal weight” to “underweight.” Morgan Stanley lowered the target price from $54 to $45.
Where we’re headed: Declining cigarette sales volumes and potential pressure from the Food and Drug Administration are behind the Morgan Stanley downgrade. The increasing popularity of e-cigarettes has worried investors, and even though Altria took a stake in the e-cigarette maker Juul Labs, some think it paid too much. Altria didn’t immediately respond to a request for comment.
The head of Philip Morris International has said the cannabis market remains too risky for it to follow rival cigarette maker Altria by making a significant investment in the nascent sector. André Calantzopoulos, chief executive, stressed that there was a paucity of scientific data on the long-term impact of cannabis. Because international regulators were adopting different approaches to the drug, there could be logistical and reputational risks, he said.
● Shares in Sirius Minerals dropped after the developer of a polyhalite mine in Yorkshire proposed a new path to raising $3bn of senior debt needed for the project. The company switched its plan from two ...
High Times Purchases Spain’s Spannabis for $7 Million in Cash and Stock, Plus Milestone Payments By John Jannarone The parent of High Times magazine has purchased Spain’s Spannabis for $7 million in cash and stock, adding Europe’s largest marijuana industry event to its growing conference portfolio. Spannabis’s parent company, Feria Del Canamo, S.L., will […]