Wednesday, April 11, 2012

Chart of the Day - Las Vegas Sands (LVS)

The "Chart of the Day" is Las Vegas Sands (LVS), which showed up on Monday's Barchart "52-Week High" list. LVS on Monday posted a new 3-2/3 year high of $60.85 and closed up 3.17%. TrendSpotter has been Long since March 13 at $56.16. In recent news on the stock, Bloomberg reported on March 29 that Sands China will open its fourth Macao casino next month. Lazard on March 27 reiterated its Buy rating on Las Vegas Sands and raised its target to $70 from $58. Las Vegas Sands (LVS), with a market cap of $42 billion, is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People's Republic of China's Special Administrative Region of Macao.

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