Macau Legend Development Stock (OTC: MALDF)

Macau Legend Development (OTC:MALDF) Stock, Quote.Headers.trade-ideas

Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.

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KOIOS BEVERAGE CORP by Koios Beverage Corp.

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MODERN CINEMA GROUP INC by Modern Cinema Group, Inc.

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Stocks That Hit 52-Week Lows On Friday

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Macau Legend to Develop Resort, Casino in Cape Verde

MACAU LEGEND DEV ORD by Macau Legend Development Ltd

Macau Legend Development Ltd

Jefferies analyst Surinder Thind maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $240 to $255.

Price Target

Analyst Ratings

GLOB

Jefferies Maintains Buy on Globant, Raises Price Target to $255

Morgan Stanley analyst Megan Alexander maintains Brunswick (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>) with a Equal-Weight and lowers the price target from $78 to $64.

Morgan Stanley Maintains Equal-Weight on Brunswick, Lowers Price Target to $64

Morgan Stanley analyst Terence Flynn maintains Merck &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) with a Equal-Weight and lowers the price target from $123 to $113.

Morgan Stanley Maintains Equal-Weight on Merck & Co, Lowers Price Target to $113

WIIM

VUZI

Vuzix shares are trading higher after the company announced it signed a distribution agreement with Evantek to supply smart glasses.

Jefferies analyst Surinder Thind maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Hold and lowers the price target from $385 to $355.

Jefferies Maintains Hold on Accenture, Lowers Price Target to $355

Ameren shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $89 to $104.

Exelon shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $43 to $44.

Jefferies analyst Surinder Thind maintains CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) with a Buy and lowers the price target from $140 to $135.

Jefferies Maintains Buy on CGI, Lowers Price Target to $135

Genpact shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $44 to $55.

The Mexican peso and Canadian dollar weakened on Tuesday after President Donald Trump pledged to impose 25% tariffs on imports from Canada <a href="https://www.benzinga.com/topic/donald-trump">and Mexico starting Feb. 1.</a>
The move, tied to concerns over illegal immigration and drug trafficking, has sparked fears of economic disruption and rising costs for everyday goods.
"We are thinking in terms of 25% on Mexico and Canada," Trump said later on Monday, citing issues with &#8220;vast numbers of people&#8221; and "fentanyl" entering the U.S.
See Also: <a href="https://www.benzinga.com/general/social-media/25/01/43088960/trump-suspends-us-tiktok-ban-for-75-days-with-executive-order-but-legal-and-market-uncertainty-looms-over-platforms-future">Trump Postpones TikTok Ban</a>
<h3 class="wp-block-heading">Increased Supply Chain Disruptions Or A Bluff? </h3>
Trump's tariff proposal could disrupt supply chains, given the scale of U.S. trade with its neighbors. According to ING Group economist Inga Fechner, 15% of all U.S. imports in 2023 came from Mexico, while 13.7% came from Canada.
"About a third of everything the U.S. imports would be affected by unilateral tariffs, potentially disrupting supply chains and impacting the economy significantly," Fechner said.
Mexico's share of U.S. imports exceeds 25% in seven categories, while Canada's share exceeds 25% in 20 categories. These categories include agricultural products, food and beverages, automobiles, metals, wood, and industrial products.
Fechner added that the tariffs could lead to price hikes on everyday goods, including a &#8220;typical U.S. breakfast.&#8221; Items like coffee, which are already seeing soaring prices, could become even more expensive in the months ahead.
On the contrary, Goldman Sachs economist Alec Phillips questioned the implementation of those tariff threats. 
While he said that Trump's comments on Canada and Mexico were "more hawkish than expected," he indicated that similar proposals in the past were not followed through.
Phillips reminded that Trump previously announced plans for tariffs on Mexico in 2019 and pledged to sign necessary paperwork in November 2024 to enact trade measures on Inauguration Day, neither of which materialized.
&#8220;Despite Trump's comments, we continue to believe the odds of a 25% tariff on Canada and Mexico are low at 20%. We are lowering our odds of a universal tariff this year to 25%,&#8221; Phillips said in a note. 
<h3 class="wp-block-heading">Trudeau Vows Retaliation</h3>
Canadian outgoing Prime Minister Justin Trudeau quickly pushed back on Trump's tariff proposal, vowing a robust response. 
Speaking at a news conference in Montebello, Quebec, Trudeau warned that Canada would match U.S. tariffs dollar for dollar if they were implemented.
"Canada will respond, and everything is on the table," Trudeau said, adding that the U.S.–Canada relationship remains one of the most successful partnerships globally. 
He also highlighted Canada's role as a "safe, secure, reliable partner" for critical U.S. imports like steel, aluminum, and energy.
Trudeau cautioned that if the U.S. turns away from Canada, it may have to source resources from adversarial nations like Russia, China, or Venezuela.
<h3 class="wp-block-heading">Currencies Plunge As Trade Risks Mount</h3>
The Mexican peso weakened 1.2% in the session, with the USD/MXN exchange rate rising to 20.72. The peso has now lost 4% of its value against the dollar since Trump's election victory in November 2024.
The Canadian dollar also struggled, falling 0.7% in its worst daily performance in over a month. The USD/CAD exchange rate reached 1.44 levels, with the currency similarly down about 4% since November.
Despite the currency weakness, equity markets in both countries saw gains. The iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) rose 1.1%, while the iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) climbed 1.9%. 
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump&#8217;s &#8216;Drill, Baby, Drill&#8217; Era Begins: Oil Prices Tumble, US Energy Stocks Edge Up</a></li>
</ul>
Image: Shutterstock

Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On 'Typical US Breakfast'

Maxim Group analyst Matthew Galinko maintains SuperCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) with a Buy and raises the price target from $12 to $18.

SPCB

Maxim Group Maintains Buy on SuperCom, Raises Price Target to $18

ANIX

Anixa Biosciences shares are trading higher after the company highlighted key business milestones for 2024 and outlined goals for the next year.

OGE Energy shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $40 to $47.

RTX shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $132 to $153.

Bank OZK shares are trading higher after Wells Fargo upgraded the stock from Underweight to Equal-Weight and raised its price target from $40 to $48.

Warner Bros. Discovery shares are trading higher after MoffettNathanson upgraded the stock from Neutral to Buy.

Jefferies analyst Surinder Thind maintains WNS (Hldgs) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) with a Buy and lowers the price target from $60 to $55.

Jefferies Maintains Buy on WNS (Hldgs), Lowers Price Target to $55

Lake Street analyst Frank Takkinen maintains ClearPoint Neuro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLPT#NASDAQ">CLPT</a>) with a Buy and raises the price target from $17 to $30.

CLPT

Lake Street Maintains Buy on ClearPoint Neuro, Raises Price Target to $30

VIRC

Virco Manufacturing shares are trading higher after the company announced a new share repurchase program for up to $10 million of common stock.

TD Cowen analyst Yaron Werber initiates coverage on Forte Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBRX#NASDAQ">FBRX</a>) with a Buy rating.

Initiation

FBRX

TD Cowen Initiates Coverage On Forte Biosciences with Buy Rating

Macau Legend Development (HK:1680) has released an update. Macau Legend Development Limited announced unanimous shareholder approval for all propos...

Macau Legend Shareholders Unanimously Back Resolutions

Macau Legend Development (HK:1680) has released an update. Macau Legend Development Limited, through its subsidiary MFW, has inked a hotel linens r...

Macau Legend Secures New Service Agreement

Macau Legend Development (HK:1680) has released an update. Macau Legend Development Limited has scheduled a Board meeting for August 30, 2024, to d...

Macau Legend Development Plans Key Financial Meeting

Macau Legend Development (HK:1680) has released an update. Macau Legend Development Limited reports a narrowed loss for the first half of 2024, wit...

Macau Legend Development Eases Losses in H1 2024

Macau Legend Development (HK:1680) has released an update. Macau Legend Development faces a setback as the Cape Verde government moves to terminate...

Macau Legend Faces Project Termination in Cape Verde

Macau Legend Development

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Macau Legend Development

Macau Legend Development (MALDF) Forecast

Macau Legend Development (OTC:MALDF) Stock, Quote.Headers.trade-ideas

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