China Slowdown Creates an Opportunity in Gambling Stocks ...

[Business] - Hang Seng Index slips; Macau casino stocks continue winning streak on tourist visa resumption | South China Morning Post

[Business] - Hang Seng Index slips; Macau casino stocks continue winning streak on tourist visa resumption | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues | South China Morning Post

[Business] - Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues

[Business] - Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues submitted by AutoNewsAdmin to SCMPauto [link] [comments]

[Business] - Macau’s casino stocks surge as Guangdong authorities relax travel restrictions to the world’s gambling capital | South China Morning Post

[Business] - Macau’s casino stocks surge as Guangdong authorities relax travel restrictions to the world’s gambling capital | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

@WSJ: Luxury retailers, airlines and casino stocks fell Tuesday after the potentially deadly coronavirus spread beyond China. Here’s what we’re watching in the markets today. #WSJWhatsNow https://t.co/2SqVap31hn

@WSJ: Luxury retailers, airlines and casino stocks fell Tuesday after the potentially deadly coronavirus spread beyond China. Here’s what we’re watching in the markets today. #WSJWhatsNow https://t.co/2SqVap31hn submitted by -en- to newsbotbot [link] [comments]

[Business] - Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters? | South China Morning Post

[Business] - Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters? | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Bet on Macau casinos, where too much is never enough, stock analysts say | South China Morning Post

[Business] - Bet on Macau casinos, where too much is never enough, stock analysts say | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak | South China Morning Post

[Business] - Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak

[Business] - Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak submitted by AutoNewsAdmin to SCMPauto [link] [comments]

[Business] - Macau is considering a yuan-denominated stock exchange as the world’s gambling hub looks to diversify away from casinos | South China Morning Post

[Business] - Macau is considering a yuan-denominated stock exchange as the world’s gambling hub looks to diversify away from casinos | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

China Ex-Billionaire Goes Missing, Sparking Rout in Casino Stock

submitted by ChickenTeriyakiBoy1 to business [link] [comments]

@Benzinga: Casino Stocks Higher As China's Macau Territory Has Highest Monthly Revenue Since October 2014 $BYD $MGM $LVS $WYNN Caesars lags the group due to lack of #Macau exposure, tho' it's recently registered for trademark protection there... https://t.co/MLtP6sujJe

@Benzinga: Casino Stocks Higher As China's Macau Territory Has Highest Monthly Revenue Since October 2014 $BYD $MGM $LVS $WYNN Caesars lags the group due to lack of #Macau exposure, tho' it's recently registered for trademark protection there... https://t.co/MLtP6sujJe submitted by -en- to newsbotMARKET [link] [comments]

@FT: Investors’ China fears engulf Macau casino stocks https://t.co/rjaQ2IqPF0

@FT: Investors’ China fears engulf Macau casino stocks https://t.co/rjaQ2IqPF0 submitted by -en- to newsbotMARKET [link] [comments]

@FT: Investors’ China fears engulf Macau casino stocks https://t.co/rjaQ2IqPF0

@FT: Investors’ China fears engulf Macau casino stocks https://t.co/rjaQ2IqPF0 submitted by -en- to newsbotbot [link] [comments]

@ftchina: Investors’ China anxieties engulf Macau casino stocks https://t.co/OOxtikpdUt

@ftchina: Investors’ China anxieties engulf Macau casino stocks https://t.co/OOxtikpdUt submitted by -en- to newsbotMARKET [link] [comments]

@business: Macau casino stocks sink on concern China's high rollers will be hit by a softening economy https://t.co/CeIlDjYco3

submitted by -en- to newsbotMARKET [link] [comments]

@business: RT @BloombergAsia: Typhoon Mangkhut: -now battering China’s Guangdong province -Hong Kong lowers warning to Strong Wind Signal No. 3 -Flight disruptions in region continue -Macau casinos, Hong Kong stock exchange set to open https://t.co/d1rn2egk5f https://t.co/B5LuNcTNxF

submitted by -en- to newsbotMARKET [link] [comments]

China Ex-Billionaire Goes Missing, Sparking Rout in Casino Stock

China Ex-Billionaire Goes Missing, Sparking Rout in Casino Stock submitted by KellyfromLeedsUK to BreakingNews24hr [link] [comments]

[Business] - Hong Kong stocks end higher amid upbeat company earnings, led by casino groups; Cathay Pacific drifts lower after first half loss | South China Morning Post

[Business] - Hong Kong stocks end higher amid upbeat company earnings, led by casino groups; Cathay Pacific drifts lower after first half loss | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

OANN: Investors are behaving less like casino punters in China’s stock markets

OANN: Investors are behaving less like casino punters in China’s stock markets submitted by thefeedbot to TheNewsFeed [link] [comments]

Citron Pulls Plug On NIO, Says Valuation 'Can Never Be Justified' NIO Price Target is $25

I’ve posted the Benzinga Article below. I definitely feel like it’s something this sub (especially Nio mooners🚀) could benefit from seeing and discussing. I swear, it’s a 2 minute read:
———————————— Two years after Citron Research editor and notorious short seller Andrew Left made a bold bullish call on Nio Inc - ADR (NYSE: NIO), Left said Friday it’s finally time for investors to cash out of the red-hot EV stock.
Back in November 2018, Left compared Nio to Tesla Inc (NASDAQ: TSLA) when Nio was trading at around $7 per share. Today, Nio shares are trading at $53. ($46.70 at the time of this Reddit post)
“After a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects,” Left wrote Friday.
2 Vulnerabilities: Left said Nio has two major vulnerabilities in the near-term.
Tesla’s Model Y price cuts will apply significant pressure to sales of Nio’s ES6 hatchback model. Last month, Tesla sold nearly twice the number of vehicles in China that Nio sold, and Left is expecting China’s EV market to continue to be an intensely competitive pricing environment.
Left is not a fan of Nio’s share structure.
“While we commend Baillie Gifford (love those people) and early investors, right now we are looking at a share structure and an investor base that is more interested in spinning a casino wheel,” said Left. He also noted Nio's short interest is approaching a two-year low.
What Nio Investors Are Buying: Left said investors buying Nio today should understand what they are getting into.
“Anyone buying NIO stock now is not buying a company or its prospects, rather you are buying 3 letters that move on a screen,” he wrote.
Left said there are better ways to play the China EV story: “It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology.”
Left's new price target for Nio is $25, suggesting more than 50% downside.
Benzinga’s Take: There’s no question the Chinese EV market will be a major growth story for years to come. But Nio’s market cap has now surpassed Daimler’s despite the fact that Nio sells roughly 5,000 vehicles per month and Daimler sells about 1 million vehicles per month. ————————————————————
Thoughts?
Edit: For those asking “WTF is Citron?” Below is what I skimmed from his Wikipedia, but there is a whole ass section about his reports on Chinese companies and what Chinese companies and leaders have taken legal action against him. He’s already banned from trading in Hong Kong for 5 years because of his report on a HK real estate company being insolvent. ————————————
Left initially started StockLemon.com in 2001 as a self-published blog containing reports on controversial companies. He rebranded the site as Citron Research in 2007.Left researches and short sells companies he believes to be engaged in fraud, have been suspiciously promoted, or have been mistakenly overpriced by the stock market.
According to a Wall Street Journal analysis of 111 Citron short-sale reports spanning from 2001 to 2014, there was an average share-price decline of 42 percent in the year after Left's report was released. Of those shares, 90 were lower one year later while 21 gained, according to data from S&P Capital IQ.
Citron Research has published reports on 18 Chinese companies, 16 of which experienced a drop in stock prices, with 15 of them experiencing drops of over 70%.[38] This has caused a collective of Chinese business leaders, including Qihoo 360 CEO Zhou Hongyi (a company that has been targeted by Left), to launch a site called CitronFraud.com (no longer operating).[39] Left sent a legal notice to the 60 Chinese executives involved, seeking an apology, and told Tech In Asia that he is consulting with lawyers and considering legal action in response.[40]
submitted by SweetGummies to stocks [link] [comments]

[Business] - Rooster scares away the bears of Macau’s casino stocks | South China Morning Post

[Business] - Rooster scares away the bears of Macau’s casino stocks | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Coronavirus continues to spread, hits travel and casino stocks Chinese Shocked: How Powerful US Navy in South China Sea ... Trade Like a Casino Part 2: Creating a Profitable Stock ... I'm buying casino stocks because they'll bounce back: Hedge fund manager China opens new STAR stock market  DW News YouTube Trade Like a Casino for Consistent Profits by Adam Khoo ...

Investors were all-in on casino stocks Wednesday, but one market watcher says these China-exposed stocks look like a "value trap" here. Macao's Casino Stocks Still Have a Lot to Lose As Coronavirus Spreads A two-week shutdown may just be the start for Macao's casino companies. Travis Hoium (TMFFlushDraw) Mar 2, 2020 at 12:20PM ... It’s regularly referred to as the “Las Vegas of China.” During the pandemic, gambling in China has taken a massive hit. Monthly gross revenue was down 96.8% in April alone. But, China has started recovering from the coronavirus after the original devastation. This is shining light on casino stocks once again. Look out for these gambling ... With China feeling the effects of a trade dispute, its stocks have fallen. Now, fears of fewer customers in Chinese casinos have reached a fever pitch. Although nobody knows what will happen with ... Casino stocks review: Las Vegas Sands (NYSE: LVS) Gets Buy Rating from Analysts The Las Vegas Sands Corporation is listed on the New York Stock Exchange. At the time of writing, the stock was trading at $52.48 per share, with a 52-week low of $47.39 and a 52-week high of $69.60 per share. Casino Stocks: Final Thoughts. The casino industry may have struggled this year, but you shouldn’t write it off. In fact, now just might be the right time to invest. If you’re looking for even more great casino and gaming stocks to invest in, check out Trade Ideas Software! This innovative new program uses AI technology to help you find top ... 4K Abstract light in casino in macau Casino, Macau, China, Slot Machine, Gambling casino stock videos & royalty-free footage. HD DOLLY: Dealing Cards For Texas Hold 'Em Poker Game HD1080p: DOLLY shot of an unrecognizable female dealer dealing cards and waiting for players move. casino stock videos & royalty-free footage. Falling Dollar banknotes in 4K Loopable High quality falling Dollar ... Add a possible trade agreement between the United States and China that offers mutual benefits to both countries, and casino stocks could go on a winning streak in 2019. On the Hong Kong exchange, casino stocks Wynn Macau fell about 4% and Galaxy Entertainment Group lost 3.5%. China-based stocks are down across the board amid fears of a trade war with the U.S. Macau Stocks: Gambling on the Future of China's Casino Mecca From Las Vegas to Macau, companies such as Sands, Wynn, and MGM have made aggressive bets on this small island off the coast of China.

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Coronavirus continues to spread, hits travel and casino stocks

China’s stock market is like a casino, and that’s why you should invest - Duration: 6:28. Livewire Markets 2,664 views. 6:28. The China Stock Market: US Trade War Breakdown and Top Chinese ... Casino stocks surged, led by a 43% gain from Boyd Gaming, as investors appear to see this week’s sharp sell-off as a buying opportunity. Bank of America told clients in a note on Thursday that ... Seema Mody looks at the impact of coronavirus on travel stocks, while Contessa Brewer has the flu's impact on casinos. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. In the stock market, there are 'gamblers' and there are 'casinos'. Gamblers depend on luck to make money and would eventually lose it all, because the game i... Learn what it takes to create a profitable trading system that replicates the business model casino's use to consistently beat the players over the long term... As fighter jets roared off the flight deck and darted above the South China Sea, visitors onboard the carrier USS Ronald Reagan raised their phones for the i... Public health officials have confirmed the first U.S. case of a mysterious coronavirus that has already killed at least 6 people and sickened hundreds of oth...

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