Melco Resorts and Enter Stock (NASDAQ: MLCO)

Melco Resorts and Enter (NASDAQ:MLCO) Stock, Quote.Headers.trade-ideas

Melco Resorts and Enter

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 82.5% from Macao with the rest largely from the Philippines as of first-half 2024.

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Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

Melco Resorts reported a 22% rise in Q2 sales to $1.16B, driven by strong non-gaming revenue and Macau tourism recovery, but fell short of expectations.

Melco Resorts Q2 Sales Up 22% On Strength In Non-Gaming Operations, Inbound Tourism To Macau

Key Takeaways:


	SJM Holdings lost HK$74 million in the first quarter, narrowing sharply from a year earlier, as Macau’s gambling industry recovered post-pandemic
	Investment banks aren’t bullish on the casino operator, with Morgan Stanley maintaining an “underweight” rating on the company


By Lau Chi Hang

Despite Improvement, Shrinking SJM Runs Low On Luck

Casino

Movers

Melco Resorts shares rise post-Q1 results showing revenue surge and slight debt reduction, despite EPS missing estimates.

What&#39;s Going On With Casino Gaming Company Melco Resorts Shares After Q1 Results?

Melco Resorts and Entertainment Ltd

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and maintains $13 price target.

Price Target

Reiteration

Analyst Ratings

LYFT

Cantor Fitzgerald Reiterates Neutral on Lyft, Maintains $13 Price Target

Billionaire investors and Berkshire Hathaway executives Warren Buffett and Charlie Munger will forever be known for their annual shareholders meetings that often included advice on investing <a href="https://www.benzinga.com/general/education/24/07/39716106/common-sense-is-actually-uncommon-charlie-munger-said-standard-human-condition-is-ignorance-and">and life lessons.</a>
A question at the 2011 annual shareholders meeting highlighted advice on how rich people should handle their children.
What Happened: At the 2011 annual <a href="https://www.benzinga.com/topic/berkshire-hathaway-annual-meeting">Berkshire Hathaway shareholders meeting</a>, Buffett and Munger took turns answering a unique question about parenting from an audience member.
The question was how to get rich people&#8217;s kids to stay incentivized.
"How would you incentivize him or her to compete against the hungry and highly motivated kids from emerging markets like China, Brazil, Russia, or India?" the audience member asked.
Buffett, who has three children, attempted to answer the question first by sharing his perspective on parenting while being wealthy.
"If you are very rich and you bring up your kids to think that they are more important in society or that they have some special privilege… that's just a terrible mistake," Buffett <a href="https://www.youtube.com/watch?v=cdPiOWtCrYk">said</a>.
Buffett later said he was rich when his kids got into high school and college.
"I certainly didn't want to give them the idea that they were special just because their parents were rich."
The billionaire, who is also known as the Oracle of Omaha, said you don't want to get a bad result or have children who don't have any incentive because their parents are rich. He noted that while it&#8217;s crucial to avoid stifling ambition, it&#8217;s equally important not to create incentives for them to compete with their parents&#8217; successes.
"I don't think that makes sense."
Buffett added that if you&#8217;re wealthy and your children lack motivation, the responsibility ultimately falls on the parents.
He emphasized that it&#8217;s crucial for children of wealthy parents to be raised with the understanding that they shouldn&#8217;t rely on others to do the work for them, as this could lead to poor outcomes.
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Charlie Munger's Advice: When discussing entitlement, Buffett remarked that none of Munger&#8217;s children seemed to have that mindset. Munger, the longtime Berkshire Hathaway vice chairman, who <a href="https://www.benzinga.com/news/23/11/35989969/charlie-munger-buffetts-trusted-partner-dies-at-99">passed away in November 2023</a> at 99, said it's important to have the right expectations when it comes to parenting while being wealthy.
"I don't think you can raise children, an affluent family, and have them love working 60 hours a week," Munger said. "That's not going to work."
&#8220;To some extent, you are destroying certain kinds of incentives,&#8221; he added.
Perhaps, Munger's ultimate parenting advice that applies to being rich and raising kids and maybe life itself is something many will find familiar.
"My advice to you is lose your fight as gracefully as you can."
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</ul>
Image created using artificial intelligence via Midjourney.

Education

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Shares of oil companies are trading higher amid anticipation for potential conflict escalations between Israel-Lebanon and the broader region.

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Global

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Citigroup analyst Ronald Josey maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and raises the price target from $580 to $645.

Citigroup Maintains Buy on Meta Platforms, Raises Price Target to $645

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Neutral and maintains $190 price target.

GOOGL

Cantor Fitzgerald Reiterates Neutral on Alphabet, Maintains $190 Price Target

Truist Securities analyst David Macdonald maintains RadNet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDNT#NASDAQ">RDNT</a>) with a Buy and raises the price target from $70 to $80.

RDNT

Truist Securities Maintains Buy on RadNet, Raises Price Target to $80

<a href="https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers" title="https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers">https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers</a>

Macro Economic Events

Economics

Federal Reserve

Fed's Goolsbee Says Golden Path Is In The Books, Inflation Came Down Without A Recession Last Year

Truist Securities analyst Scot Ciccarelli maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Hold and raises the price target from $70 to $75.

Truist Securities Maintains Hold on CarMax, Raises Price Target to $75

Trump Media & Technology shares are trading lower possibly amid the expiration of the lockup period that prevents large shareholders, such as Donald Trump, from selling stocks. Also, Donald Trump rejected a second debate with Vice President Harris.

Truist Securities analyst William Stein downgrades Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) from Buy to Hold and lowers the price target from $89 to $80.

Downgrades

MCHP

Truist Securities Downgrades Microchip Technology to Hold, Lowers Price Target to $80

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ISRA

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Oil is trading higher amid Israel-Hezbollah tensions in Lebanon, which has caused supply uncertainty.

Cantor Fitzgerald analyst Deepak Mathivanan reiterates GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Neutral and maintains $170 price target.

GDDY

Cantor Fitzgerald Reiterates Neutral on GoDaddy, Maintains $170 Price Target

AMPX

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Truist Securities Downgrades Analog Devices to Hold, Lowers Price Target to $233

Trading Ideas

KAVL

Kaival Brands Innovations Group Shares Resumed Trade

JP Morgan analyst Rodolfo Angele maintains Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Overweight and lowers the price target from $16.5 to $15.

VALE

JP Morgan Maintains Overweight on Vale, Lowers Price Target to $15

Financial giants have made a conspicuous bullish move on Novo Nordisk. Our analysis of options history for Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 10% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $112,088, and 8 were calls, valued at $304,824.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $175.0 for Novo Nordisk, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Novo Nordisk's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Novo Nordisk's significant trades, within a strike price range of $120.0 to $175.0, over the past month.
<h3>Novo Nordisk Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727100972_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.75</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$120.00</td>
<td>$86.0K</td>
<td>1.9K</td>
<td style="text-align: right;">109</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.75</td>
<td>$8.55</td>
<td>$8.7</td>
<td>$135.00</td>
<td>$52.2K</td>
<td>750</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$9.1</td>
<td>$9.0</td>
<td>$9.1</td>
<td>$125.00</td>
<td>$45.5K</td>
<td>309</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$1.25</td>
<td>$1.22</td>
<td>$1.25</td>
<td>$175.00</td>
<td>$45.1K</td>
<td>292</td>
<td style="text-align: right;">363</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.7</td>
<td>$4.55</td>
<td>$4.65</td>
<td>$130.00</td>
<td>$37.2K</td>
<td>619</td>
<td style="text-align: right;">166</td>
</tr>
</tbody>
</table>

<h3>About Novo Nordisk</h3>
With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting roughly 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.
After a thorough review of the options trading surrounding Novo Nordisk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Novo Nordisk</h3>
<ul>
<li>Trading volume stands at 1,564,079, with NVO's price down by -3.33%, positioned at $123.26.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 44 days.</li>
</ul>
<h3>What Analysts Are Saying About Novo Nordisk</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $160.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $160. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $160. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $160.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Novo Nordisk options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Novo Nordisk's Options: A Look at What the Big Money is Thinking

Macau gambling stocks under pressure from money-exchange restrictions

Melco Resorts &amp; Entertainment Q2 2024 Earnings Preview

Melco Resorts & Entertainment Non-GAAP ADS of $0.06 beats by $0.03, revenue of $1.16B in-line

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Melco Resorts and Enter (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlco-stock-quote/">MLCO</a>) just reported results for the second quarter of 2024.<ul><li>Melco Resorts and Enter reported earnings per share of 6.4 cents. This was below the analyst estimate for EPS of 7 cents.</li><li>The company reported revenue of $1.16 billion.</li><li>This was 0.87% better than the analyst estimate for revenue of $1.15 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/mlco-stock-earnings-melco-resorts-and-enter-for-q2-of-2024/">MLCO Stock Earnings: Melco Resorts and Enter Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MLCO Stock Earnings: Melco Resorts and Enter Misses EPS, Beats Revenue for Q2 2024

Melco Resorts & Entertainment Limited (MLCO) Q2 2024 Earnings Call Transcript

Melco Resorts & Entertainment (MLCO) has released an update. Melco Resorts & Entertainment Limited, a subsidiary of Melco International Development...

Melco Resorts Completes $44.5M Share Buyback

Analyst Karl Choi from Bank of America Securities reiterated a Buy rating on Melco Resorts & Entertainment (MLCO – Research Report) and decreased t...

Buy Rating for Melco Resorts & Entertainment Amidst Share Repurchases and Gaming Revenue Rebound

Melco Resorts & Entertainment (MLCO) has released an update. Melco Resorts Finance Limited has released its unaudited condensed consolidated financ...

Melco Resorts Finance Unveils Mid-Year Financials

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Melco Announces Unaudited First Quarter 2024 Earnings

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Melco Resorts and Enter

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Melco Resorts and Enter (NASDAQ:MLCO) Stock, Quote.Headers.trade-ideas