Hi,
The answer is YES it can run the latest games in mid to high settings based from the specification of that laptop.
Processor- 2.4 GHz Intel Core i7-5500U
Graphics card - NVIDIA GeForce 940M (2 GB DDR3L dedicated)
Memory - 8 GB DDR3L-1600 SDRAM
Here's one of the latest game there is out there (Metal Gear Solid V) system requirements for it recommended setting.
Processor - Intel Core i7-4790
Graphics card - NVIDIA GeForce GTX 760 (DirectX 11 graphic card required)
Memory - 8 GB