LVS stock is defying the broad market sell-off as of January 23, 2022, showing excellent relative strength and bullish option flow.
Bullish Option Flow Detected On January 21, 2022
Make sure to review this lesson on option flow so that you understand the image above.
Las Vegas Sands price target raised to $45 from $39 at Jefferies
Jefferies analyst David Katz raised the firm’s price target on Las Vegas Sands to $45 from $39 and keeps a Hold rating on the shares as part of his earnings preview for the casino gaming group. He is taking a more conservative stance on Q4 and Q1, while also updating his digital value assumptions and reflecting other events in his targets, such as the concession progress in Macau, Katz tells investors.
Las Vegas Sands to Announce Fourth Quarter 2021 Financial Results
Las Vegas Sands (NYSE: LVS) announced today that it will release its financial results for the quarter ended December 31, 2021 on Wednesday, January 26, 2022.
The company will release its financial results shortly after the market close of the New York Stock Exchange and will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Las Vegas Sands upgraded to Buy at UBS on new Macau gaming legislation
On January 19, 2022, UBS analyst Robin Farley upgraded Las Vegas Sands to Buy from Neutral with a price target of $53, up from $44. The new Macau gaming law significantly lowers risk for the company, while the phasing out of satellite casinos will also reduce competition, the analyst tells investors in a research note. Importantly, Macau law draft also does not contain dividend payout restrictions, Farley adds.
Las Vegas Sands price target raised to $60 from $57 at Citi
On January 18, 2022, Citi analyst George Choi raised the firm’s price target on Las Vegas Sands to $60 from $57 and keeps a Buy rating on the shares. The clarification by the Macau government on Friday of Gaming Law revisions should remove most investors’ key concerns over dividends, government oversight, minimum shareholding by a Macau permanent resident and gaming tax, Choi tells investors in a research note. He believes a key share price overhang has now been removed.
Las Vegas Sands upgraded to Conviction Buy from Buy at Goldman Sachs
On January 16, 2022, Goldman Sachs analyst Simon Cheung added Las Vegas Sands to his firm’s Americas Conviction List, keeping a Buy rating on the shares with a price target of $66, down from $67. The analyst now sees scope for re-rating following the details of the proposed Gaming Law revision, which creates a legal framework implying comparable upside versus his prior base case on unchanged fundamentals, with materially less regulatory downside risk.
Macau gaming stocks should finally get ‘nice relief rally,’ says Stifel
On January 14, 2022, Stifel analyst Steven Wieczynski said that Macau gaming stocks, namely Las Vegas Sands (LVS), Wynn Resorts (WYNN), and MGM Resorts (MGM), should finally get a “nice relief rally” as the Macau government has outlined what their gaming concession renewals should look like. The analyst noted that the concession framework would keep the number of concession holders at six, with a length of 10 years with a potential three-year extension, which he views as a “slight negative.” Wieczynski also noted that he had heard the concession renewal length could be as short as five years and as long as 20 years, adding that he can “live with this” as five years really would have done nothing from a long-term investor’s view. The analyst maintained Buy ratings on Las Vegas Sands and Wynn and kept a Hold on MGM.
📺 Former Las Vegas Sands president on the casino sale and Asia move[embedyt] https://www.youtube.com/watch?v=g0KAjta8XCs[/embedyt]
📈 LVS Stock Technical Analysis
The short-term trend is positive, while the long-term trend is neutral. So this is evolving in the right direction. The rising large players volume is bullish. Volume is considerably higher in the last couple of days, which is what you like to see during a strong move-up. LVS is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 61% of 137 stocks in the same industry. LVS is currently trading in the middle of its 52-week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
There is a support zone ranging from 37.63 to 38.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also support at 33.98 from a horizontal line in the daily time frame.
There is a resistance zone ranging from 43.76 to 43.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
Although LVS has an excellent technical rating, it does not present a decent entry opportunity at the moment. LVS stock has a Setup Rating of 3 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when LVS stock consolidates and has a Setup Rating of 8 or higher.