Stock market today: Asian shares follow Wall Street lower

As of April 15th, there was short interest totaling 11,220,000 shares, a decrease of 14.5% from the March 31st total of 13,120,000 shares. Based on an average trading volume of 5,030,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.4% of the shares of the stock are short sold.

Net rental revenue came in at $174.6 million, compared to analysts’ estimates of $182.6 million, per StreetAccount. Tesla weighed heavily on the market for a second straight day on worries about how much profit it’s making on each of its electric vehicles. It dropped 9.7% after reporting revenue for the first three months of the year that fell short of analysts’ expectations as it repeatedly cut prices on its models. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.

• The Dow Jones Industrial Average slipped 0.3% to 33,786.62, while the Nasdaq composite dropped 0.8% to 12,059.56.
• View the LVS premarket stock price ahead of the market session or assess the after hours quote.
• Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.
• And with a $1 billion renovation in progress, Marina Bay Sands will expand from 150 to 400 suites by year’s end.
• During the earnings call last week, CEO Rob Goldstein stated that «Singapore is doing very well,» emphasizing that the property’s rolling volume now matches 2019’s.

Keep in mind that bank accounts at Schwab are FDIC insured for up to $250,000. Also, securities and cash in brokerage accounts are insured by SIPC for up to $500,000 ($250,000 limit for cash). In other trading, benchmark U.S. crude oil lost 13 cents to $724 per barrel in electronic trading on the New York Mercantile Exchange. A separate report said that manufacturing trends in the mid-Atlantic region weakened by much more than economists expected.

Las Vegas Sands Rises after Q1 Results Beat Estimates

Las Vegas Sands’ first-quarter performance benefits from the relaxation of travel restrictions and recovery in travel and tourism spending. Yahoo Finance’s Josh Schafer joins the Live show to break down the rise in stock for Las Vegas Sands following first-quarter earnings. There may be delays, omissions, or inaccuracies in the Information.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

The firm operates through the https://1investing.in/ and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao. The company was founded by Sheldon G. Adelson in August 2004 and is headquartered in Las Vegas, NV.

JPMorgan maintains Las Vegas Sands at Overweight

A report on Thursday said sales of previously occupied homes slowed in March but remain above its bottom hit at the start of this year. They helped drag the yield of the 10-year Treasury down to 3.53% from 3.59% late Wednesday. The two-year yield, which more closely tracks expectations for the Federal Reserve, fell to 4.14% from 4.25%. Slightly more workers filed for unemployment benefits last week than the week before, a potential signal that a still-strong job market is starting to soften under the weight of much higher interest rates.

«SCHW is a different story from SIVB in that SIVB had a concentrated segment of the deposit market, namely companies as their major deposit customers,» Kim said. «SCHW, on the other hand, is more main stream and across different customer segments. In addition, SCHW is insured by SIPC up to $500,000 per account, higher than $250,000 for FDIC and banks.» The housing market was one of the first sectors to bend under the weight of much higher interest rates, as mortgage rates quickly climbed.

Stocks were rising as tech gets a boost from Tesla

Monitor the latest movements within the Las Vegas Sands Corp real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the LVS quote. 14 analysts have issued 1-year target prices for Las Vegas Sands’ stock. On average, they anticipate the company’s share price to reach $68.54 in the next twelve months.

The number of continuing claims for jobless benefits also rose to the highest level since November 2021, according to Rubeela Farooqi, chief U.S. economist at High Frequency Economics. In the bond market, yields fell following a couple of reports on the U.S. economy. 8The S&P 500 is anticipated to suffer its first year-over-year earnings decline since Q I believe stocks in the Energy and Industrials sectors are set to stand out in the…

This is an increase of 138% compared to the previous 30 days. 56 people have searched for LVS on MarketBeat in the last 30 days. Short interest in Las Vegas Sands has recently decreased by 14.48%, indicating that investor sentiment is improving significantly. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

The company’s average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

• Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools.
• View analysts price targets for LVS or view top-rated stocks among Wall Street analysts.
• A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
• Shares of Schwab are down nearly 23% in the past two trading days, making it the 12th-worst-performing financial stock in the S&P 1500.

in what types of economies are regressive taxes Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. — Shares dropped 4% after the regional bank reported lower-than-expected earnings for the first quarter. Zions reported earnings per share of $1.33, falling short of analysts’ expectations of $1.53, according to Refinitiv. The bank also reported $679 million in net interest income, while analysts forecasted $687.5 million, per StreetAccount.

About Las Vegas Sands (NYSE:LVS) Stock

With CNBC’s Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Tim Seymour and Guy Adami. Las Vegas Sands first-quarter results are likely to reflect strong customer demand and robust spending. Las Vegas Sands is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.

In the past three months, Las Vegas Sands insiders have not sold or bought any company stock. MarketBeat has tracked 26 news articles for Las Vegas Sands this week, compared to 9 articles on an average week. Yahoo Finance Live’s Seana Smith examines several stocks trending in the after-hours trading session. Here are some of the biggest movers on Thursday, with a slide in Tesla stock rattling the broader market.

Its Singapore property experienced pre-pandemic volume levels in the first quarter. Las Vegas Sands’ stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.12%), Assenagon Asset Management S.A. (0.06%), SG Americas Securities LLC (0.06%), abrdn plc (0.06%), DnB Asset Management AS (0.05%) and New York State Teachers Retirement System (0.05%).

«So as long as people do not panic and pull their money out from SCHW all at the same time, SCHW should be able to weather this storm,» Kim said. «Lots of liquidity and they have indicated some 80% of deposits are FDIC-insured, compared to 88% of SIVB’s deposit NOT being FDIC-insured,» Biggar said. «Much better interest rate risk management at Schwab, and they don’t have a limited number of depositors with large dollar amounts draining down funds that resulted in SIVB’s collapse.»

We value LVS stock at about $60 per share, which is roughly in line with the current market price. See our analysis of Las Vegas Sands valuation for more details on what is driving our price estimate for the stock. 14 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for Las Vegas Sands in the last twelve months. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should «buy» LVS shares.

Stocks moving in after hours: Tesla, IBM, Las Vegas Sands, Alcoa

— The maker of semiconductor equipment slid 0.7% after giving weak guidance. For its fiscal fourth quarter, the company anticipates adjusted earnings of $5 per share and $3.1 billion in revenue. Consensus estimates from Refinitiv show Wall Street expects $5.63 in earnings per share and $3.47 billion in revenue. That guidance overshadowed Lam’s performance in its third fiscal quarter, when it beat expectations on the top and bottom lines. — Shares of the technology service company advanced 2.3% after hours following a mixed first-quarter earnings report.

Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. 8By Yasin Ebrahim Investing.com — The S&P 500 slipped Thursday as investor sentiment was soured by disappointing quarterly results including from Tesla and economic data pointing… The price-earnings ratio is a company’s share price to the company’s Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued.

Las Vegas Sands reported Q4 EPS of ($0.19), $0.10 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.17… By Yasin Ebrahim Investing.com — The S&P 500 slipped Wednesday as investor sentiment was soured by disappointing quarterly results including from Tesla and economic data pointing to a… For the quarter, Marina Bay Sands delivered $394 million in earnings before interest, taxes, depreciation, and amortization — a new company record. Mass gaming revenue at the property also set an all-time high of $549 million.

Shares of Schwab are down nearly 23% in the past two trading days, making it the 12th-worst-performing financial stock in the S&P 1500. Investors are concerned the San Francisco-based financial giant too might be sitting on a pile of uninsured deposits from high-tech firms as in the case of the failed Silicon Valley Bank. They closed Monday down 11.4% to 52.03 after recovering from the lows.

Real-time analyst ratings, insider transactions, earnings data, and more. Las Vegas Sands’ stock was trading at $48.07 at the start of the year. Since then, LVS shares have increased by 32.8% and is now trading at $63.85. Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

Chief Operating Officer Patrick Dumont explained that compared to January and February, margins recovered «to a more normal level» in March, and said that the long-term margin outlook is «quite strong.» General conditions in Macao appear to be improving as well, with overall citywide visitations up 22% in March versus January and February levels, according to Kwan Lock Chum, Sands’ executive VP of Asia Operations. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of LVS stock can currently be purchased for approximately $63.85. Earnings for Las Vegas Sands are expected to grow by 66.29% in the coming year, from $1.78 to $2.96 per share. 19 people have added Las Vegas Sands to their MarketBeat watchlist in the last 30 days.

Adjusted property EBITDA stood at $412 million, up over 3x versus last year, and about 95% of 2019 levels. Occupancy rates for hotel rooms were also robust standing at over 97%, with average daily rates surging 130% to $594. By Liz Moyer Investing.com — U.S. stocks were off to a slow start in the new year, weighed by slumping tech giants as investors await this week’s minutes of the Federal Reserve’s last… Its $1 billion Singapore project should finish by the end of 2023, and a recent $3.8 billion investment in Macao as part of a concession tender «is just the baseline,» according to Goldstein. The renovation in progress at its Marina Bay Sands property in Singapore also diminished performance in the quarter.