Monday, October 4, 2010

Day Trader's Alert: AXP, WYNN, HURN

Shares of American Express (NYSE: AXP) slumped nearly 2% after Bloomberg reported that the U.S. Justice Department has sued Visa Inc., MasterCard Inc. (NYSE: MA) and American Express Co. in a two- year antitrust investigation over restrictions on merchants. Attorney General Eric Holder announced he will hold a news conference today in Washington at 2 p.m. to announce developments in what the Justice Department described as an antitrust case.

Wynn Resorts (NASDAQ: WYNN) rallied after Macau's Gaming Inspection and Coordination Bureau said that gambling revenue surged 40% year-on-year to $1.9 billion in the world’s largest gambling destination.

Huron Consulting Group Inc. (NASDAQ: HURN) slumped more than 15% after the company slashed its 2010 revenue outlook, citing the divestiture of its D&I practice. The company cut its 2010 revenue guidance by $35-$40 million. In addition to the D&I divestiture impact, the company slashed its annual guidance by an additional $25-$30 million to reflect contract and project delays in two of its service lines: Healthcare and Accounting Advisory.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire