This afternoon, all of the leading casino stocks are trading lower. Last night, China announced a lower growth forecast and this news could certainly be weighing on many of the large casino stocks. It is important to note that the Macau, China market has accounted for a large amount of the earnings for the casino operators.
This morning, the leading casino and resort operator Wynn Resorts Ltd (NASDAQ:WYNN) is trading sharply lower. The stock is trading down by $6.64 to $105.25 a share. This stock is trading below all of its important daily chart moving averages which puts the stock in a confirmed downtrend. The stock will have some minor short term support around the $100.00 level.
Football Pitch-Sized Batteries Could Change the World of Renewable Energy
2011 saw huge advances in solar, wind and other renewable energy sources, and these advancements will continue into 2012. In fact 2012 could be the year that renewable energy sources start to seriously compete with traditional fossil fuels, at least that is the hope in the battle to reduce carbon emissions and our dependence on dwindling oil stocks.
The big casino stocks are all coming under selling pressure again. The catalyst for the decline in the casino stocks is once again caused by the weak Shanghai Index (China). The Shanghai Index finished lower last night by over 2.00 percent. Most of the revenues for the casino stocks come from the Macao market.
(AUQ, LF, BYD, GBLHF) Stocks in Review by StockHotTips.com
AuRico Gold Inc. (NYSE:AUQ) will release the Company's third quarter financial results for the three-month period ended September 30, 2011 before the market opens on Thursday, November 10, 2011. The financial statements will be available on the Company's website at www.auricogold.com or www.sedar.com.
(NEOP, BYD, MJGCF, CBZ, CGI) Noticeable Stock by CRWEPicks.com
Neoprobe Corporation (AMEX:NEOP) is developing and commercializing targeted agents aimed at the identification of occult (undetected) disease. Neoprobe was founded in 1983 and is based in Dublin, Ohio. Neoprobe, a biomedical company, engages in the development and commercialization of precision diagnostics that enhance patient care and improve patient benefit.
(NPD, MIG, BYD, CRWE) Stock Report from CRWEFinance.com
(CLNO, BLC, BYD, RENN) Notable Stock by CRWEFinance.com
(GILD, EDR, RST, BYD, CLNO) Noticeable Stocks by BestOtc.com
(GBLHF.PK, NRF, BYD, MJGCF.PK, HMA) Stock to Watch by CRWEFinance.com
Global Hunter's (GBLHF.PK)
Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.