Diamonds and Dogs
Look to save your money and make some money with today's diamond. First Niagara Financial Group (FNFG) is higher by 13% after announcing today they hired JP Morgan to advise them in a possible sale. Located in the Northeast with 394 branches, First Niagara should be an attractive bank for some suitor. Bloomberg brought to notice three potential companies that could acquire FNFG.
Enjoy your stay and gamble your money away with today's dog. Wynn Resorts Ltd. (WYNN) operates in two main locations, Macau Operations off he coast of China and of course, Las Vegas. In Vegas, Wynn owns two hotels and casinos the Wynn, with a beautiful golf course behind it, and the Encore. However, the stock has been on a steady decline due to slowing business in Macau. The stock is down 5% to a 52 week low and 5 year low today due to Fitch Ratings revising their expectations of gaming revenue in Macau from declining between 33-34% instead of the 29% they expected earlier in the year. However, with the stock down 66% since last October, you'd think a lot of the bad news has been priced into the stock.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.