Consumer Business Recap: Wynn Resorts SEC Inquiry, Zipcar Goes to College

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Boeing (NYSE:BA) expects global airline passenger growth of 5% this year. This is slightly below last year’s 6% growth but still fairly resilient given Europe’s ongoing sovereign debt problems.

Monster Beverages (NASDAQ:MNST) goes from $123 to $95 and Stifel Nicolaus increases it to a Buy rating on shares. Analysts point to solid United States share gains and the potential for international expansion for the energy drink maker.

Don’t Miss: Beer Drinkers Threw Back More Brews in 2011.

Zipcar (NASDAQ:ZIP) expands its car sharing program with new deals at nine colleges. The goal is to increase its national total for its service to 45 different campuses, as it continues to broaden its strategic alliance with Ford.

IMAX Corporation (NASDAQ:IMAX), which had 9.8% of its float shorted as of January 31, makes gains after announcing deals with Broadway Theater Company.  Installation of four new digital theater systems will begin in China and Hong Kong, with the first systems set to go live in 2013.

Wynn Resorts (NASDAQ:WYNN) says the Securities Exchange Commission is conducting an informal inquiry. It is asking that WYNN preserve information related to a $135 million donation pledge made to the University of Macau, which somehow relates to the dispute between WYNN and its biggest shareholder Kazuo Okada, over the release of records of the donation.

Investing Insights: Marriott and Blue Nile Prepare Shareholders for Earnings Releases.

To contact the reporter on this story: Tanya Harding at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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