Here’s Why JPMorgan, Energy Transfer Partners, and Two Other Stocks Are in Spotlight Today

Page 2 of 2

Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) have popped 2% and 6%, respectively, after analyst Vitaly Umansky of the research firm Bernstein projected Macau’s gross gaming revenue to rise by an average of 8% per year from 2016 to 2020. The analyst thinks the city’s mass gambling segment is firming up, while the much maligned VIP sector has also shown some growth spurts since September. If Umansky’s predictions come to pass, the worst would be over for the casino operators. In addition to the Macau news, there could be growth ahead in Japan if Prime Minister Shinzo Abe succeeds in his goal of legalizing gambling casinos in the country. The bill is being discussed currently in Japan’s Diet. Given that Trump is now the President-elect, the iniative might have a higher probability of succeeding than before. According to our records, 23 funds reported bullish stakes in Las Vegas Sands Corp. (NYSE:LVS) and 30 funds held shares of Wynn Resorts, Limited (NASDAQ:WYNN) at the end of June.

Follow Las Vegas Sands Corp (NYSE:LVS)

Follow Wynn Resorts Ltd (NASDAQ:WYNN)

Disclosure: None

Page 2 of 2