Superstock Investor
Morning Briefing

Tuesday, July 03, 2018

Morning Matters:

What Is Wrong With Gold?

The price of gold via GLD has been falling since April. After hitting a peak of $129.47, the price closed yesterday at $117.46.

There have been two up and two downs moves of magnitude in the last year. Currently, we are in the latest down move. Additionally, there have been many smaller moves.

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Yesterday the price of GLD closed within $0.06 of its December low at $117.40. Effectively this means we have had a 100% retracement of the December low to April high.

Once the Heikin Ashi candlesticks turn green, then we will know it is time to buy especially if the U.S. Dollar can begin to fall as well.


Today's Superstock Investor Stock Scorecard:

by Superstock Investor


With casinos stocks dropping, we thought it made sense to look at the price targets of a couple names over the next few days. First up is Wynn Resorts (WYNN). The current price is $154.14.

Company Information

Sector: Consumer Services
Industry: Casinos & Gaming
Market Cap:  $13,080 (Millions)


  Price %Gain  
Current Price $98.78    
Price Target $178.05 80.3%  
Upper Bound $220.10 122.8%  
Lower Bound $148.37 50.2%  

Fundamental Variables

P/E Ratio 25.5    
Sales Growth 19.2%    

Valuation Variables

  Past Current Future
Profitability (CFROI) 13.5% 15.8% 12.5%
Growth (in Assets) 7.1% 0.1% 0.0%
Color Legend
Excellent Top 10%
Good 11- 30%
Average 31- 70%
Fair 71- 90%
Poor Bottom 10%

Stock data last updated 01/10/2017.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.


Articles That Matter:

Casinos Stocks Free Fall

Concerns about slowing growth in Macau casinos is hitting the price of both Las Vegas Sands (LVS) and Wynn Resorts (WYNN). Las Vegas Sands has fallen from $80 to $70 in recent days. Meanwhile Wynn Resorts has fallen from $200 to $150.

Gaming Concerns

The growth rate came in at 12.5% as opposed to estimates of 18%. A proposed move to allow gambling on a nearby island is a potential culprit on the drop in growth along with tightened rules on cash withdrawals.