Wanted: $6 million in missing gaming chips. Last seen: The lavish Wynn casino in Macau.
Police are hunting for millions of dollars in casino chips after they were stolen — allegedly by one of Wynn’s own croupiers — raising security concerns in the world’s biggest gambling hub.
The heist happened Tuesday at the Wynn Macau (WYNMF), one of the marquee destinations in a Chinese territory whose gambling revenues dwarf those of Las Vegas.
Macau police told CNNMoney that a dealer at the Wynn Macau and a potential accomplice have been arrested and that they are not currently looking for other suspects. They declined to identify the two people by name.
Police didn’t say how the stolen chips were taken past casino security. But local media reported that the suspect allegedly stuffed them into a bag in a VIP room and simply carried them out.
To turn the chips into hard cash, the thieves or their associates would eventually need to bring them back into the casino.
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A long term performance chart shows shares of United Rentalsgiving a similar performance but alsopulling away fromsmall cap peer H&E Equipment Services, Inc (NASDAQ: HEES):
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Realogy (NYSE:RLGY) had its target price trimmed by Citigroup from $37.00 to $35.00 in a report released on Friday morning. The firm currently has a buy rating on the financial services provider’s stock.
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Friday afternoon, the telecommunication services shares rose 2.1 percent. Meanwhile, top gainers in the sector included Intelsat S.A. (NYSE: I), up 11 percent, and Sify Technologies Limited (NASDAQ: SIFY) up 4 percent.
Hot Casino Stocks To Buy Right Now: Exxon Mobil Corporation(XOM)
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Exxon Mobil Corp. (NYSE: XOM) traded up 1.30% at $79.36. The stock’s 52-week range is $72.16 to $89.30. Volume was about 40% below the daily average of around 16.3 million. The company raised its dividend by 6.5% (5 cents) this morning.
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Short interest in Exxon Mobil Corp. (NYSE: XOM) increased to 31.74 million shares from the previous 31.25 million. The stock traded at $78.00, within a 52-week range of $72.16 to $89.30.
- [By VantagePoint]
Lastly, we have Exxon Mobil Corporation (NYSE: XOM), which is a very similar trade to Valero. Since the bullish crossover on April 4, the stock is up almost 7 percent. They will also report Q1 earnings on April 27, and the recent strength suggests the company will have to beat the estimates handily in order to move higher.
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In addition to CAT, LLY and BA, these are some of the other major companies reporting earnings this week:
Twitter inc. (NYSE: TWTR) reports before the open Wednesday, Apr. 25 and Facebook, Inc. (NASDAQ: FB) reports after the close the same day
Ford Motor Company (NYSE: F) reports after market close Wednesday, Apr. 25 and General Motors Company (NYSE: GM) reports before the open Thursday, Apr. 26
Amazon.com, Inc. (NASDAQ: AMZN), Intel Corporation (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT) all report after market close Thursday, Apr. 26
Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM) report before the open Friday, Apr. 27
Later in the week, both the European Central Bank and Bank of Japan have meetings scheduled on Apr. 26-27. The next Fed meeting is coming up the following week on May 1-2. For a look at what else is going on, make sure to check out today’s market update if you have time.
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According to the financial data, Saudi Aramco’s profit in the first half of last year totaled $33.8 billion, significantly higher than Apple’s $28.9 billion profit for the same period and more than four times the profit posted by Exxon Mobil Corp. (NYSE: XOM) or Royal Dutch Shell PLC (NYSE: RDS-A), both of which earned $7.4 billion in the first half of 2017.
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Life Storage, Inc. (NYSE:LSI) President Kenneth F. Myszka sold 10,000 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $91.02, for a total value of $910,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
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BidaskClub upgraded shares of CNB Financial (NASDAQ:CCNE) from a hold rating to a buy rating in a research note released on Wednesday morning.
Several other equities research analysts have also issued reports on CCNE. Boenning Scattergood reissued a buy rating and set a $29.50 price target on shares of CNB Financial in a research report on Monday, February 5th. Zacks Investment Research lowered CNB Financial from a buy rating to a sell rating in a research report on Tuesday, February 20th. ValuEngine raised CNB Financial from a buy rating to a strong-buy rating in a research report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods initiated coverage on CNB Financial in a research report on Tuesday, April 10th. They set a market perform rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $31.50.