Bloomberg
... 0.9 percent to A$51.75, as crude traded at $73 a barrel in New York in after-hours trading, after settling yesterday at a seven-week high of $73.27. ...
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Full coverage is over at 24/7 Wall St. of news affecting Macau casino stocks. The good news is that these have all bounced some from lows, but these are all still lower and on active volume.
Wynn Resorts Ltd. (NASDAQ: WYNN) is down almost 3% at $65.90 on 5.9 million shares versus and average volume of about 4.9 million shares.
Las Vegas Sands Corp. (NYSE: LVS) is now down 3% at $17.50 on 39.5 million shares versus an average daily volume of about 45 million shares.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is down 4.6% at $6.84 on 6.2 million shares versus average volume of 6.6 million shares.
JON C. OGG
1:50 PM EST
KB Home (NYSE: KBH) is being hit after the company disclosed in an SEC filing that the Securities and Exchange Commission is investigating its accounting and disclosure practices. We show shares down over 5% at $15.60 as of 8:46 AM EST after closing at $16.46 Friday. The 52-week trading range is $6.90 to $20.70 and average volume is over 4 million shares. Volume is likely to increase substantially after the specialist frees up more shares.  While this is stock-specific and not a sectorwide issue that we can tell yet, we’d look at tickers LEN, RYL, DHI, TOL, PHM, MDC, and others. The SPDR S&P Homebuilders (NYSE: XHB) is teh ETF that follows homebuilder stocks. JON C. OGG