Diamonds and Dogs
9/23/15
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.
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