Stock Price Movement: Last week, boosted by Fed Chair Powell’s dovish tone at Jackson Hole, the Dow Jones rose ~1.5%, the S&P 500 eked out around 0.3% gains, while the tech-heavy Nasdaq slipped slightly by about 0.6%. The coverage universe moved from -6.6% to +11.1%. Wynn Macau up 11.1%
Key events during the previous week:
H World Group: H World Expands to 1.18M Rooms: Asset-Light Strategy Drives 22.8% Revenue Growth
MGM Resorts: MGM Osaka construction advances "vigorously", Japan reportedly preparing new IR licensing; Cisco and MGM Resorts sign multi-year technology agreement
Ryanair: Ryanair extends EUR750 million share buyback to December 2026
Airports of Thailand: Revised Suvarnabhumi plan targets 120m passengers a year
Vail Resorts:Vail Resorts Shares Target Open Dates for 2025-26 Ski Season