Shares of Wynn Resorts plunged more than 10% Friday after a Wall Street Journal story detailing numerous allegations against founder and CEO Steve Wynn.
Wynn denied the charges in the Journal story.
“The idea that I ever assaulted any woman is preposterous,” he said in a statement that the company sent to CNN. “We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multi-year lawsuits. It is deplorable for anyone to find themselves in this situation.”
But the Journal said it had spoken to more than 150 current and former employees as part of its reporting.
Steve Wynn allegations: Here’s his response
The Journal story says that one married manicurist received a $7.5 million settlement from Wynn after she complained in 2005 that she had been ordered by Wynn to have sex, even though she told him she was married and did not want to have sex. The story said her supervisor told the paper that after the incident she filed a detailed report to the casino’s human-resources department recounting the episode.
Top Casino Stocks To Buy For 2019: BYD Company Limited (BYDDY)
- [By ]
BYD Co. (OTCPK:BYDDY), (OTCPK:OTCPK:BYDDF) HK:1211
BYD is currently ranked the number 2 globally with 9% global market share, and is ranked number 1 in China with 24% market share.
- [By SEEKINGALPHA.COM]
In this video I analyze BYD ltd. (OTCPK:BYDDY) (OTCPK:BYDDF) to see whether it is a great long-term investment opportunity given it is probable that China switches completely to electric vehicles by 2030. I discuss the fundamentals, the margins and where those stand in comparison to Daimler (OTCPK: DDAIF).
- [By SEEKINGALPHA.COM]
Some already had their autonomous car bets made with positions in both Tesla and Nvidia (NASDAQ:NVDA) surmising those will be the big winners. They have good company. Trip Chowdhry of Global Equities Research summed up his thesis for autonomous transportation and transportation in general going forward as Winners: Tesla, Nvidia; and Losers: Mobileye (NYSE:MBLY) and all traditional automakers. All traditional automakers? That’s basically every automaker on the planet besides Tesla and maybe Fisker and BYD (OTCPK:BYDDY), that’s a lot of losers. Trip is a talented analyst. I’ve followed him for many years (see his ranking on TipRanks here). Even for him, that’s a pretty bold statement. It got me thinking, is Tesla’s lead in the race for autonomous cars so great that the race is effectively over? I wanted to find out if I was using traditional methodologies too much, overthinking my picks and missing out on the bigger winner, Tesla.
Top Casino Stocks To Buy For 2019: Westport Innovations Inc(WPRT)
- [By Lisa Levin]
Wednesday afternoon, the industrial sector proved to be a source of strength for the market. Leading the sector was strength from Westport Fuel Systems Inc (NASDAQ: WPRT) and RPX Corp (NASDAQ: RPXC).
- [By Jason Hall]
Furthermore, having a strong financial partner in Total to help it drive adoption of heavy-duty natural gas vehicles at this time could be a huge win. Prices of oil (and therefore diesel) have been steadily climbing over the past year, and the highly anticipated near-zero-emissions natural gas engine fromCummins(NYSE:CMI) andWestport Fuel Systems(NASDAQ:WPRT) is now being shipped to customers.
- [By Lisa Levin] Gainers
Turtle Beach Corporation (NASDAQ: HEAR) surged 87.1 percent to $12.98 after the company reported Q1 results and raised its FY18 outlook.
ARMO BioSciences, Inc. (NASDAQ: ARMO) shares jumped 66.8 percent to $49.735 after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
vTv Therapeutics Inc. (NASDAQ: VTVT) gained 34 percent to $2.2920 following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
Prestige Brands Holdings, Inc. (NYSE: PBH) climbed 22.3 percent to $34.84 after the company posted upbeat Q4 earnings.
Depomed, Inc. (NASDAQ: DEPO) shares jumped 22.2 percent to $7.28 following better-than-expected Q1 earnings.
Everspin Technologies, Inc. (NASDAQ: MRAM) gained 19.8 percent to $8.89 after the company reported strong results for its first quarter.
Luxfer Holdings PLC (NYSE: LXFR) surged 19.8 percent to $17.10 following Q1 results.
Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 18.3 percent to $2.26 after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
Intelligent Systems Corporation (NYSE: INS) gained 17 percent to $7.116.
Green Dot Corporation (NYSE: GDOT) surged 15.3 percent to $73.00 after reporting upbeat Q1 earnings.
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) climbed 15 percent to $28.85. Chefs' Warehouse posted Q1 earnings of $0.03 per share on sales of $318.6 million.
Westport Fuel Systems Inc. (NASDAQ: WPRT) rose 14.2 percent to $2.9701.
Wright Medical Group N.V. (NASDAQ: WMGI) jumped 13.8 percent to $23.87 after reporting upbeat quarterly earnings.
Diplomat Pharmacy, Inc. (NYSE: DPLO) gained 13.4 percent to $22.70. Diplomat named Brian Griffin as Chairman and CEO.
Carvana Co. (NYSE: CVNA) shares rose 13 percent to $27.97 after reporting upbeat Q1 sales.
Prothena Corporation plc (NASDAQ: PRTA) gained 12 percent to $15.19
- [By Lisa Levin]
Westport Fuel Systems Inc (USA) (NASDAQ: WPRT) shares were also up, gaining 16 percent to $3.48 on upbeat Q3 results.
Equities Trading DOWN
Top Casino Stocks To Buy For 2019: Digital Realty Trust Inc.(DLR)
- [By Lisa Levin]
DuPont Fabros Technology, Inc. (NYSE: DFT) shares shot up 10 percent to $61.07. Digital Realty Trust, Inc. (NYSE: DLR) announced plans to merge with DuPont Fabros.
- [By Benzinga News Desk]
Last year was brutal for hedge fund investors — but you wouldn’t know it from the fund managers’ paychecks: Link
The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
Jefferies Upgraded ConocoPhillips (NYSE: COP) from Hold to Buy
JPMorgan Upgraded Clovis Oncology (NASDAQ: CLVS) From Neutral to Overweight
Morgan Stanley Upgrades TJX Companies (NYSE: TJX) From Equal-Weight to Overweight
Macquarie Downgraded Disney (NYSE: DIS) from Outperform to Neutral
Deutsche Bank Downgraded AvalonBay (NYSE: AVB) from Buy to Hold
Wells Fargo Downgrades Digital Realty Trust (NYSE: DLR) From Outperform To Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email email@example.com.
Top Casino Stocks To Buy For 2019: Carbonite, Inc.(CARB)
- [By Stephan Byrd]
Carbonite (NASDAQ:CARB) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
- [By Jon C. Ogg]
Carbonite Inc. (NASDAQ: CARB) was reiterated as Outperform and the price target was raised to $35 from $30 at Oppenheimer.
Carrizo Oil & Gas Inc. (NASDAQ: CRZO) was maintained as Buy but the price target was cut to $44 from $45 at Stifel.
Top Casino Stocks To Buy For 2019: Green Mountain Coffee Roasters Inc.(GMCR)
- [By David Sterman]
But for short sellers in Green Mountain Coffee Roasters (Nasdaq: GMCR), there's another outcome: They've been badly burned as shares have surged, but they insist they've been right all along, and it's only a matter of time before the stock crashes and burns.
- [By Canadian Value]
So Im going to stick my next out and share my views on four battleground stocks that are among my favorite shorts: World Acceptance (WRLD), Green Mountain (GMCR), Herbalife (HLF), and InterOil (IOC). And next week at the Value Investing Congress I will present another short, my largest.
- [By Jonas Elmerraji]
As badly as short sellers want to hate on Green Mountain Coffee Roasters (GMCR), betting against the multiyear rally in this $12.7 billion beverage stock has been about as wise as eating from a box with a skull and crossbones on it. And as a bull market continues to lift all ships, Green Mountain’s ship is going to keep floating above the others.
Green Mountain owns Keurig, the brand of beverage brewers that use self-contained K-Cups to make coffee, teas, and other drinks. While Keurig’s “fad” status has certainly helped tip the deck against GMCR, the fact remains that the firm has done most of the hard work in getting Keurig machines accepted by consumers. With brewers essentially ubiquitous at this point, the firm is able to make money on its cash cow: the K-Cups.
Keurig’s individual-serving cups have big margins and a big installed base. With huge convenience and the relatively large sunk cost that consumers have put into their Keurig machines, it’s a sticky business with big switching costs. Consumers who buy a Keurig are much less likely to spend the money on a competing brand of proprietary coffee pods.
I’ve said before that GMCR is far from cheap right now. But its momentum trajectory is showing few signs of fizzling out, especially as direct competitors such as Starbucks (SBUX) continue to sell K-Cups of their own. Don’t bet against GMCR in September – buy this Rocket Stock instead.
Top Casino Stocks To Buy For 2019: MDU Resources Group, Inc.(MDU)
- [By Lisa Levin]
In trading on Monday, utilities shares fell by 1.08 percent. Meanwhile, top losers in the sector included South Jersey Industries Inc (NYSE: SJI), down 4 percent, and MDU Resources Group Inc (NYSE: MDU), down 4 percent.