Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Bill Barrett
Why Bill Barrett (BBG) Stock Is Up Today—The Street.com
Bill Barrett (BBG_) was gaining 8.2% to $23.04 Tuesday after announcing a divestiture of Powder River and Piceance Basin properties, and the acquisition of more acreage in Northeast Wattenburg.
The Denver-based oil and gas company said it signed purchase and sale agreements with undisclosed purchasers to sell most of its Powder River Basin acreage and all of its position in the Gibson Gulch natural gas program in Piceance Basin. The total value of the transactions is $757 million.
Symbol: BBG
Trailing PE: NA; Forward PE: 49
PEG: -9.52
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Bill Barrett
Stock number two: Scientific Games Corporation
WMS Pays 300th Wide-Area Progressive Jackpot--PR Newswire
WMS Gaming Inc., a Scientific Games company, announced today that a very lucky player at the Lodge Casino in Black Hawk, Colorado won a $1,391,728.01 jackpot on a WILLY WONKA & THE CHOCOLATE FACTORY™ slot machine on August 25, 2014.
Symbol: SGMS
Trailing PE: NA; Forward PE: NA
PEG: NA
Dividend: NA
Estimate Trend: Flat
Ransom Note Trendline: Avoid Scientific Gaming
Stock number three: Las Vegas Sands Corp.
Stocks Reverse A Weak Start; Wynn, Las Vegas Sands Slide --Inevstors.com
Wynn Resorts (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS) dropped 4% each. The casino operators were apparently under pressure following a report in the Macau Business Daily that said casinos there would likely see a 5% drop in revenue from June to August, and a report from Morgan Stanley that said the decline in China's top gambling region has not yet found a bottom.
Both Las Vegas Sands and Wynn Resorts have been in deepening consolidations since March and are below key levels of support.
Symbol: LVS
Trailing PE: 20; Forward PE: 15
PEG: 1.02
Dividend: 2.70%
Estimate Trend: Flat
Ransom Note Trendline: Avoid Bankrate