Market Overview

Oppenheimer Releases Weekly Gaming and Lodging Review


Oppenheimer gave a weekly review in which it noted mixed performance in gaming and lodging stocks. Commenting on gaming stocks, the report noted that “The Opco Large-cap Gaming index posted a decrease of 1.6% with mixed performance in the shares; the Opco Small-cap Gaming index decrease 1.3% with mixed performance. Meanwhile, the Opco Gaming Equipment index was up 3.8%.”

Regarding individual large-cap stocks, MGM (NYSE: MGM) declined 3.4% on news of a lawsuit from Perini construction company as well as a pending investigation relating to MGM’s Macau Partner Pansy Ho. Wynn (NASDAQ: WYNN) shares increased by 1.0%.

Regarding the small-cap stocks, Ameristar Casinos (NASDAQ: ASDA) declined 0.2%, Boyd Gaming (NYSE: BYD) declined 1.8% and Great Canadian Gaming (TORONTO: GC.TO) declined 5.7%. Pinnacle Entertainment (NYSE: PNK) increased 2.4% and Isle of Capri Casinos (NASDAQ: ISLE) increased 4.5%.

“The Opco Large-cap Lodging index was up 2.3%, with the shares mixed this week. The Opco Small/Mid-cap Lodging index was up 4.2%, with CHH underperforming, while the Opco Lodging REIT index was up 2.1%, with most shares moving higher this week. Finally, the Opco Leisure index was up 1.4%”

Specifically, Marriott International (NYSE: MAR) increased 2.7%, Starwood Hotels (NYSE: HOT) increased 3.0% and Intercontinental Hotels Group (IHG) increased 2.1%. Individual stocks in the small/mid-cap category include Morgans Hotel Group (NASDAQ: MHGC), which increased 10.2% and Choice Hotels (NYSE: CHH) which posted a slight decline of 0.5%.

Posted-In: David Katz Mariya Slavin OppenheimerAnalyst Color Analyst Ratings


Related Articles (BYD + CHH)

View Comments and Join the Discussion!

Latest Ratings

HLXBank of AmericaReinstates11.0
XRXJP MorganUpgrades
VRTXSunTrust Robinson HumphreyInitiates Coverage On235.0
TSLXRBC CapitalInitiates Coverage On23.0
TEVAJP MorganUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Tetra Tech Wins Orders - Analyst Blog

Oracle’s Ellison Tops The List Of Highest Paid CEOs In 2009 (ORCL, BSX, OXY, HPQ, APC)