Japan’s gaming market is finally opening up to gaming companies, opening the kind of growth opportunity the industry hasn’t seen in nearly a decade. But until rules and concessions are ironed out, there are more questions than answers for how gaming in Japan will impact companies or stocks in the industry. But companies are already jockeying for position given what could be a $40 billion opportunity to grow.
Here’s what to watch for in the near term.
Rendering of Marina Bay Sands in Singapore, which has become a model for Japan’s gaming rules. Image source: Las Vegas Sands.
Japan’s gaming rules are key
Gaming in Japan was technically legalized in December, but the rules underlying who will be able to build a resort and how it will be run are far from complete. The government has set a goal of putting rules in place around how concessions will be awarded and how to prevent gambling addiction, while gaming companies will be interested in things like tax rates and investment requirements.
financial stocks to buy: CVD Equipment Corporation(CVV)
- [By Jim Robertson]
At the beginning of the week, our Under the Radar Moversnewsletter suggestedsmall cap industrial machinery stock CVD Equipment Corporation (NASDAQ: CVV) as a long/bullish trade:
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested small cap materials and coatings stock CVD Equipment Corporation (NASDAQ: CVV) as a short/bearish trade:
financial stocks to buy: Alnylam Pharmaceuticals Inc.(ALNY)
- [By Cory Renauer]
Treating diseases that have a genetic component by altering the expression of the responsible genes is a promising new field of medicine, but it has been much less straightforward than biopharmaceutical companies had expected. Two contenders in this area, Alnylam Pharmaceuticals (NASDAQ:ALNY) and Ionis Pharmaceuticals (NASDAQ:IONS), saw a mix of setbacks and success in 2016.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Friday's regular session.
Caterpillar Inc. (NYSE: CAT) Jan17 77.5 Calls Sweep: 1022 @ ASK $4.45: 1066 traded vs 2466 OI: Earnings 7/28 $75.88 Ref Anacor Pharmaceuticals Inc (NASDAQ: ANAC) Jan17 110 Calls: 500 @ Above Ask! $0.40: 509 traded vs 1860 OI: $99.22 Ref Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) Jun16 41.25 Calls Sweep: 577 @ ASK $1.75: 649 traded vs 1927 OI: Earnings 6/15 After Close $40.54 Ref Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) Jun16 65.0 Calls Sweep: 749 @ ASK $1.85: 813 traded vs 370 OI: $63.08 Ref WhiteWave Foods Co (NYSE: WWAV) Oct16 50.0 Calls: 600 @ ASK $1.60: 601 traded vs 430 OI: $45.16 Ref
Posted-In: Unusual Put OptionsNews Options Markets
- [By Chris Dier-Scalise]
On Thursday, the Vetr crowd downgraded Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) from 4.5 stars (Strong Buy), which was issued two days ago, to 3.5 stars (Hold). Crowd sentiment for Alnylam at the time of the downgrade was edging positive, with 66 percent of Vetr user rating bullish.
- [By Paul Ausick]
Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY) lost about 50% Thursday to post a new 52-week low of $35.31 after closing Wednesday at $70.30. The 52-week high is $110.75. Volume of around 15 million was more than 20 times the daily average of around 640,000 shares traded. The company said today that it is discontinuing a late-stage clinical trial.
- [By Brian Orelli]
Alnylam Pharmaceuticals (NASDAQ:ALNY) jumped as much as 14.5% today after announcing earnings after the bell yesterday. As a development-stage biotech, it wasn’t the revenue or the earnings that caused the spike, but the progression of Allnylam’s pipeline.
financial stocks to buy: OMNOVA Solutions Inc.(OMN)
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion. Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million. Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million. Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion. Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million. Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million. UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million. Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million. OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million. 8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million. Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million. Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million. Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million. Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter. Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share. Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
- [By Lisa Levin]
Shares of OMNOVA Solutions Inc. (NYSE: OMN) were down 14 percent to $8.64 after the company reported weaker-than-expected Q3 earnings.
Sorl Auto Parts, Inc. (NASDAQ: SORL) was down, falling around 8 percent to $3.68. Greenridge Global downgraded SORL Auto Parts from Buy to Hold.
- [By Lisa Levin]
OMNOVA Solutions Inc. (NYSE: OMN) shares were also up, gaining 11 percent to $5.97 after the company reported better-than-expected Q1 earnings.
Equities Trading DOWN
financial stocks to buy: Sack Lunch Productions (SAKL)
- [By Bryan Murphy]
If you’ve been kicking the tires for Sack Lunch Productions Inc (OTCMKTS:SAKL) but are trying to learn more about the company before you make a decision about owning it, set aside a few minutes around 2:00 pm EST today. SAKL will be participating in an online conference hosted by RedChip, and will even be fielding questions after their presentation is complete.
Sack Lunch Productions is in the business of fun. Its flagship product is called Slide the City, which converts a city’s streets into a 1000-foot Slip-n-Slide most of us remember from our youth.
It’s not just Slide the City event that Sack Lunch Productions puts on though . It’s also the name behind Lantern Fest, The Dirty Dash, the Color Me Rad 5K run, and of course, the Trike Riot. Those are (in order) a flying lantern release, a mud run, a color-splashing fun run, and the already-described tricycle riding course. Sack Lunch will be hosting approximately 250 events this year, up from about 100 in 2015.
RedChip is the world leader in investor relations, financial media, and research for microcap and small-cap stocks. Founded in 1992, and headquartered in Orlando, Florida, with affiliates in New York, Pittsburgh, Paris, and Seoul, RedChip has helped hundreds of companies achieve their capital markets goals and has been ranked by Inc. Magazine as one of the fastest growing privately held investor relations firms in the U.S.
RedChip’s Global Online Growth Conference brings together investors and executives of leading microcap companies. More than 10,000 investors attend RedChip’s microcap conference series each year.
Sack Lunch Productions CEO Richard Surber will be updating shareholders on the progress Sack Lunch has made in 2016, as well as looking forward to 2017.
All of the events have been well received, as Sack Lunch is tapping into a major, cultural paradigm shift.
In short, consumers are no longer into buying/owning stuff. They’re into buying an
- [By Matthew Briar]
Quick quiz for anyone over the age of 37… what was the most fun you had as a kid outside on a hot summer day? For most of us (outside a dip in a swimming pool) the answer is a running ride down a Slip-n-Slide… a ten-foot, one-second trip straight to a watery nirvana.
Now imagine one hundred Slip-n-Slides attached end to end, and pointed down a gentle hill. Well, it’s not just a pipedream — Sack Lunch Productions Inc (OTCMKTS:SAKL) is doing it, setting up 1000-foot water slides in the middle of urban America.
- [By James E. Brumley]
Tuesday morning, Sack Lunch Productions Inc (OTCMKTS:SAKL) posted its results for the third quarter (ending September 30th) of the year. They were as strong as you might suspect, with the top line rolling in at $5.35 million, and $142,983 of that turning into net income. That top and bottom line were actually down a bit from the year-ago comparables, though investors should bear in mind that the third quarter of last year was an unusually tough comparison of $6.02 million in sales, and income of $688,845. That was a true breakout quarter for the company’s signature event – Slide the City – and many participants may have come simply to see what it was. The follow-up year (this year), SAKL may not have had the same curiosity factor compelling people to attend.
Sack Lunch Productions, for the unfamiliar, it’s the name behind event-oriented businesses called Slide the City, Lantern Fest, The Dirty Dash, the Color Me Rad 5K run, and most recently, the Trike Riot. Those are a 1000-foot Slip-n-Slide, a flying lantern release, a mud run, a color-splashing fun run, and a tricycle riding course for kids of all ages and sizes. The events aren’t just fun – they’re FUN!
They’re also surprisingly profitable. While attendance and per-participant revenue varies, with the average revenue of $30 per participant being at the low end of the scale ( as is the average event attendance of 2500), gross revenue of $75,000 per event is a low-end expectation…
… not that SAKL hasn’t done some more number crunching of its own. This year, it expects to host roughly 250 events and drive $17 million worth of revenue per event, up about 80% from 2015’s top line. Some of those are being put on by Sack Lunch Productions itself, while others are being hosted by franchisees. Whatever the case, that works out to average revenue of $72,000 per event, with the franchised ones being low-cost to no-cost events for SAKL.
Regardless, the trend is an impressive one, all
financial stocks to buy: Petroleo Brasileiro S.A.- Petrobras(PBR)
- [By Craig Jones]
Alan Knuckman of Bulls-Eye Option said on Bloomberg Markets that he would buy Petroleo Brasileiro SA Petrobras (ADR)(NYSE: PBR), because it could benefit from the strength in crude oil.
- [By Lisa Levin]
In trading on Friday, energy shares fell by 2.06 percent. Meanwhile, top losers in the sector included Resolute Energy Corp (NYSE: REN), down 10 percent, and Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR), down 6 percent.
- [By Paul Ausick]
Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petroleo Brasileiro S.A. (NYSE: PBR), commonly known as Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
financial stocks to buy: Westar Energy, Inc.(WR)
- [By Lisa Levin]
On Thursday, utilities shares rose by 0.02 percent. Top gainers in the sector included Westar Energy Inc (NYSE: WR), Westar Energy Inc (NYSE: AT), and NRG Energy Inc (NYSE: NRG).
- [By Jayson Derrick]
According to a report by Bloomberg, Westar Energy Inc (NYSE: WR) is a potential takeover target from rival Ameren Corp (NYSE: AEE) and a consortium of investors, including Toronto-based Borealis Infrastructure Management and the Canada Pension Plan Investment Board.