LEISURE LETTER (08/14/2015) - G13.SI, RCL



August 28: 10:00am: PENN - Meeting with Management at Plainridge Park 


G13.SI - Genting Singapore resumed their buyback program today, buying back 9.2 million shares. 


Travellers International Hotel Group - Philippines casino developer and operator Travellers,  reported a 46.4-percent decline year-on-year in net profit for the three months to June 30. Such profit was PHP622.32 million (US$13.47 million) in the second quarter of 2015, compared to PHP1.16 billion in the year prior.  GGR for the period was down 10.4% YoY to PHP5.71 billion. Promotional allowances – which include revenue share with junket operators – jumped to PHP1.07 billion in the second quarter of 2015, compared to PHP304.27 million a year earlier.



RCL - Royal Caribbean is revamping its shore excursion program to appeal to passengers' special interests from adventure to family and food to animals.

As part of the new program, the line's 2,800-plus shore excursions have been grouped into seven special interest categories: Active Adventures, Family Connections, Royal Tour Challenge, Culture and Sights, Culinary Delights, Caring Discoveries and the Royal Premium Tour Collection. 



RMB Devaluation - The devaluation of the renminbi should do Macau little harm in the long run because the city still functions as an attraction for tourists from around the world and is trying to make its economy more diverse, the Monetary Authority of Macau says.  But a written statement issued by the authority emphasizes what may happen in the more distant future, saying Macau’s efforts to get more visitors from other places and to make its economy less dependent on gaming would continue.



Regional Gaming Revenues:


Connecticut - July GGR: -0.89% YoY 

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more

Cartoon of the Day: Hard-Headed Bears

How's this for "hard data"? So far, 107 of 497 S&P 500 companies have reported aggregate sales and earnings growth of 4.4% and 13.2% respectively.

read more

Premium insight

McCullough [Uncensored]: When People Say ‘Everyone is Bullish, That’s Bulls@#t’

“You wonder why the performance of the hedge fund indices is so horrendous,” says Hedgeye CEO Keith McCullough, “they’re all doing the same thing, after the market moves. You shouldn’t be paid for that.”

read more

SECTOR SPOTLIGHT Replay | Healthcare Analyst Tom Tobin Today at 2:30PM ET

Tune in to this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

read more

Ouchy!! Wall Street Consensus Hit By Epic Short Squeeze

In the latest example of what not to do with your portfolio, we have Wall Street consensus positioning...

read more

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more