Shares of Chevron Corporation (NYSE:CVX), inclined 1.29% to $88.11, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 17.69 M as compared to its average daily volume of 13.47 million shares.
Chevron Products Company, a Chevron U.S.A. Inc. division, declared the launch of its ISOCLEAN Program, a first of its kind national program that offers a solution to particle contamination through products and in-plant services designed to assist customers in maximizing the life of their equipment by meeting stringent quality control standards set by original equipment manufacturers (OEMs).
Chevron’s ISOCLEAN program comprises ISOCLEAN Certified Lubricants, which have been certified to meet the fluid ISO Cleanliness requirements of OEMs, and ISOCLEAN Services, which are in-plant services designed to clean up and manage contamination of in-service lubricants and operating systems. Both offerings are dependent on each other and assist to reduce wear, decrease unplanned downtime and extend the life of equipment.
Chevron’s ISOCLEAN Certified Lubricants meet a specific ISO Cleanliness code at the point of delivery, which represents the most stringent cleanliness standards and specifications for lubricants placed in equipment that are required by several leading OEMs. An important first step in controlling lubricant contamination is starting with a certified lubricant. These products assist reduce the expense and manpower required by end customers to pre-filter non-certified lubricants to meet OEM requirements.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
On Wednesday, Shares of Wynn Resorts, Limited (NASDAQ:WYNN), gained 6.10% to $71.99. The stock attained the volume of 10.46 million shares.
The year-to-date (YTD) performance reflected a -58.72% below last year. During the past month the stock loses -3.82%, bringing three-month performance to -31.23% and six-month performance to -46.81%. The stock holds the market capitalization of $7.31B.
Wynn Resorts, Limited, together with its auxiliaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations.
Shares of MGM Resorts International (NYSE:MGM), inclined 1.37% to $20.72, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 7.65 M as compared to its average daily volume of 6.95 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 12.30% which was maintained at -3.49% in 1-month period.
MGM Resorts International (NYSE:MGM) was upgraded by Zacks from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has a $23.00 target price on the stock. Zacks‘s price target suggests a potential upside of 13.30% from the company’s current price.
According to Zacks, “MGM Resorts’ revenues have been quite sluggish over the past few quarters due to weak performance in Macau. The slowdown in Macau reflects the anti-graft corruption campaign taken by the Chinese government. The crackdown on corruption in China has compelled Macau officials to impose strict restrictions, thereby keeping VIP gamblers at bay. However, the company’s strong portfolio and its focus on non-gaming activities would offset the negative impact to some extent. Moreover, with the Las Vegas economy recovering from recession, the company’s properties in the region are predictable to generate higher revenues. Moreover, easing of restrictions in Macau would mitigate the troubles in the region.”
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
