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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

1/2/18

Range Resources (RRC) trying to break out of its range. The natural gas stock is up 5% thanks to encouraging update with respect to its Trinidad operations. After a disastrous 2017, Range is looking forward to 2018 with improving pricing and results from Trinidad and their prime locations in the Marcellus shale space.

Chinese casinos were unlucky in December. Wynn Resorts (WYNN) is down 2.5% after the Macau gaming revenue missed the median estimate of a 20 percent increase. Analysts attributed the unexpected slower growth to bad luck for casinos as gamblers took home greater-than-expected winnings. High stakes players will continue to dominate in 2018, and these smaller groups of elite players are expected to bring gaming revenue turbulence with them.

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