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Las Vegas Sands Wins Big


The stock bolted higher on news of strong revenues from Macau.

Asian stocks rose overnight. The Hang Seng and the Nikkei were up 0.14% and 1.63%, respectively. European stocks were up early this morning, too. And here in the US, we're currently trading higher.

Here's what I'm seeing this morning:

Las Vegas Sands
It was triple cherries yesterday for the big-name gaming company. The stock bolted higher on news that revenues in Macau were strong during the month of January. This is important because as you can probably tell from the company's third-quarter release, it hauls in a big chunk of change from that region.

Some thoughts:

1. I've been a total bear on the gaming space (see Can Casino Stocks Continue Winning Streak?) which means I've missed out big time on the run stocks like Las Vegas Sands and Wynn (WYNN) have had.

2. I still feel that here in the States, where each company also has a presence, things aren't so hot. In other words, despite the fact that the macro picture may have improved a bit, I don't know too many people headed to Atlantic City or Sin City to drop big coin.

3. The EPS number is expected to be thin, too, which leaves me anything but excited.

Advanced Micro Devices (AMD):
It seems like lots of people were tossing their chips into the pot in Monday's session. A rating bump-up from a JMP Securities analyst probably helped.

My two cents:

1. If I were long, I'd use this as an opportunity to sell. Is AMD going to take away Intel's (INTC) glory any time soon? Not a chance. Is it going to generate a mind-blowing profit this year? Not likely. Frankly, I'd rather have my money in a six-month CD right now. (Sorry AMD bulls, but I just don't see what all that hubbub is about at this point.)

2. Don't get me wrong, Intel isn't totally ripping the cover off the ball. But at the end of the day, its ability to survive and thrive down the line just looks so much better that it's hard to ignore.

Deere (DE):
Per Justin Sharon, Morgan Joseph slapped a Hold rating on the company.

My two cents:

1. While its great the company is on the firm's radar screen, I'm not expecting the research report to do too much for the stock in Tuesday's session.

2. As far as the company itself is concerned, I continue to view this as a long-term play, and I remain reluctant to belly up full force at current levels given the construction environment. The current estimate for 2010 is $2.57 and based on that, I think the near-term upside potential is a smidge limited for the stock.

For my last take on Deere, click here.

Per Justin Sharon, the credit card giant is now rated an Outperform at Sanford Bernstein.

I think the shares are a decent value here given the 2010 estimate ($13.58 a share). I'm also impressed with its recent estimate beats over the past year. But exactly how far the stock can run from current levels, I'm not sure. I think there are better opportunities out there, so I'm not bellying up on the heels of this news.

Have a great day!

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No positions in stocks mentioned.

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