It has been some time since I covered casino stocks; not since owning Wynn Resorts (WYNN) off the multi-year lows. Investors that have missed my efforts on these companies should look for more coverage from me in the coming months. Ill be spending several days in Macau in early May before heading to China and Hong Kong to spend some time with industrial suppliers in that region. Its a pilgrimage....More>>>
Six months after hurricanes ravaged the island, Puerto Rico experienced a tourism boom this Easter.
Tourists flocked to the island for Easter, Passover and spring break vacations in record numbers, according to The Puerto Rico Tourism Company, a San Juan promoter for tourism on the island.
Many hotels operated at or near 100% occupancy during the holiday weekend that began on March....More>>>
Image source: Sierra Wireless.
Shares of Sierra Wireless (NASDAQ:SWIR) were up 9% as of 3:50 p.m. EST Monday after an analyst upgraded the Internet of Things specialist’s stock.
Raymond James’ Steven Li upgraded Sierra Wireless to outperform from market perform early in the day, and simultaneously increased his price target to $20....More>>>
Southwest Airlines Co (NYSE:LUV) has mastered one task that’s unusual for an airline carrier — sustained profitability. The Dallas-based company again beat expectations in its latest earnings report. LUV stock is on track to report its 45th consecutive year of profitability.
Source: Jerry Landers via Flickr (Modified)
However, revenue troubles have plagued the....More>>>
Canadian plane maker Bombardier (BDRAF) scored a huge win in its ongoing trade dispute with Boeing.
The U.S. International Trade Commission voted unanimously Friday that Boeing (BA)was not harmed by Bombardier and its all-new C Series jet.
The vote effectively shelves two tariffs, totaling nearly 300%, that the U.S. Commerce Department wanted to impose on Bombardier.
William Patalon III
Vuzix Corp. (Nasdaq: VUZI) – the “augmented reality” company whose shares more than doubled following our September 2015 recommendation – said that its new “smart glasses” were just honored with a “Wearable Device of the Year” award.
Vuzix made the announcement earlier today. We’re sharing this bit of news....More>>>
Ambarella (NASDAQ:AMBA) is primarily known for supplying image processing SoCs (system on chips) for GoPro’s (NASDAQ:GPRO) action cameras. As a result, Ambarella’s stock often rose and fell with GoPro’s in the past.
But over the past few quarters, Ambarella reduced its dependence on GoPro while increasing its presence in adjacent markets. That’s why Ambarella’s....More>>>
Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are considered to be leading indicators for the markets in general. A strong rally in the tech sector has pushed many of these companies to new highs, but the Dow and S&P have only recently pulled back from all-time highs. Will this pullback....More>>>
The boss of oil firm BP just took a huge pay cut.
CEO Bob Dudley’s total pay package for 2016 was cut by 40% to $11.6 million, BP said in its annual report.
The reduction follows a rare shareholder revolt last year when 59% voted against Dudley’s 2015 pay and benefits package worth $19.6 million.
Shareholders protested his pay getting bumped up 20% despite....More>>>
Tesla’s non-GAAP hand is filled with aces, even where previously SolarCity reported deuces.
This is a story about how non-GAAP metrics, flexible as they are, can be changed in real time to provide a better-looking picture for the same reality. This is extremely rare, of course, because it’s so obvious.
However, as we will see, it just happened with Tesla (NASDAQ:TSLA),....More>>>