Traders Hate China-Related Stocks Today

Traders dumped shares with any exposure to China today, on fears that China’s economy may be headed for a slow down.  The companies affect run the gamut, from Tiffany (NYSE:TIF), Baidu (NASDAQ:BIDU), Coach (NYSE:COH), Yum Brands (NYSE:YUM), Wynn Resorts (NASDAQ:WYNN), Las Vegas Sands (NYSE:LVS), and Melco Crown Entertainment (NASDAQ:MPEL).

Following is information on these companies’ stock price performance:

  • Tiffany (NYSE:TIF): The shares recently traded at $63.74, down $5.72, or 8.23%, on the day.  The shares have traded in a 52-week range of $45.92 to $84.49 and its market capitalization is $8.1 billion.  About the company: Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies.  The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States.  Tiffany also markets through the Internet and catalogs.
  • Baidu (NASDAQ:BIDU): The shares recently traded at $108.20, down $13.21, or 10.86%, on the day.  The shares have traded in a 52-week range of $94.33 to $165.96 and its market capitalization is $37.76 billion.  About the company: Baidu, Inc. operates an Internet search engine.  The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.
  • Coach (NYSE:COH): The shares recently traded at $53.48, down $4.02, or 7.01%, on the day.  The shares have traded in a 52-week range of $42.27 to $69.20 and its market capitalization is $15.45 billion.  About the company: Coach, Inc. designs, produces, and markets primarily leather goods.  The Company’s products include handbags, business cases, men’s and women’s accessories, luggage and travel accessories, leather outerwear, and gloves.  Coach, together with a licensing partner, offers watches, footwear, furniture, and eyewear.
  • Yum Brands (NYSE:YUM): The shares recently traded at $48.76, own $3.83, or 7.3%, on the day.  The shares have traded in a 52-week range of $45.98 to $57.75 and its market capitalization is $22.64 billion.  About the company: Yum! Brands, Inc. owns and franchises quick-service restaurants worldwide.  The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items.
  • Wynn Resorts (NASDAQ:WYNN): The shares recently traded at $121.97, down $13.48, or 9.9%, on the day.  The shares have traded in a 52-week range of $85.72 to $172.58 and its market capitalization is $15.24 billion.  About the company: Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China.  The resorts feature guest rooms and suites, restaurants, gold courses, and on-site luxury automotive dealerships.
  • Las Vegas Sands (NYSE:LVS): The shares recently traded at $40.99, down $2.78, or 6.37%, on the day.  The shares have traded in a 52-week range of $34.12 to $55.47 and its market capitalization is $29.85 billion.  About the company:  Las Vegas Sands Corp. owns and operates casino resorts and convention centers.  The Company operates in the United States, Macau and Singapore.  Las Vegas San Corp.’s casino’s offer a wide range of gaming activities and entertainment as well as overnight accommodations, while its expo centers host a wide range of entertainment shows, expositions, and other activities.
  • Melco Crown Entertainment (NASDAQ:MPEL): The shares recently traded at $8.91, down $1.02, or 10.37%, on the day.  The shares have traded in a 52-week range of $5.04 to $16.15 and its market capitalization is $4.75 billion.  About the company: Melco Crown Entertainment Ltd. develops, owns and operates casino gaming and entertainment resort facilities.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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