Another Million Dollar Winner

John Ransom | September 16, 2014 2:32 PM

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.

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