35.50 -0.04 (-0.11%)
After hours: 4:40PM EDT
|Bid||34.50 x 500|
|Ask||37.00 x 1100|
|Day's Range||35.07 - 35.70|
|52 Week Range||19.98 - 36.90|
|PE Ratio (TTM)||6.51|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jim Cramer suggests alternate investments to the beleaguered casino gaming stocks that have properties in Chinese territory Macau.
Continued Vegas strength, legalized sports gambling coming to the U.S., and an overall international interest in gaming has created some interesting buying opportunities in casino stocks. Check out these casino stocks today!
Powell and Kudlow's views were supported by the Fed's latest Beige Book report, which revealed that the economy is growing moderately.
CNBC's Jim Cramer suggests alternate investments to the beleaguered casino gaming stocks that have properties in Chinese territory Macau. The "Mad Money" host points to regional players like Boyd Gaming and Churchill Downs as strong ways to play the legalization of sports betting. Scores of industries are affected by the U.S.-China trade war , but for one sector — the international casino operators — the pain is localized, CNBC's Jim Cramer pointed out on Thursday.
"You got to know when to hold 'em, know when to fold 'em," Kenny Rogers sings in his ballad "The Gambler." Gaming stocks investors should give a listen. Shares of Wynn Resorts WYNN , Las Vegas Sands LVS and MGM Resorts MGM fell nearly 8 percent, 6 percent and 3 percent, respectively after Macau gambling revenue results fell short of expectations. Wynn saw its single worst-day drop since January, when sexual misconduct claims against Steve Wynn were reported, leading to the casino magnate's departure as CEO.
Penn National's (PENN) consistent business strategies and solid brand recognition bode well for the company. Its presence has also become widespread, courtesy of several acquisition and divestitures.
Zacks Industry Outlook Highlights: Penn National Gaming, Melco Resorts & Entertainment and Stars Group
Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street.
With gamblers splurging online in the wake of FIFA World Cup and the recent court ruling on betting law, a few casino bigwigs seem to optimize opportunities to scale the growth ladder.
Gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. Check out these casino stocks today!
Penn National's (PENN) top line is favored by a strong brand and acquisition strategies. Sincere margin-improvement initiatives also bode well for the company.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Wynn Resorts (WYNN), which generates a solid share of its revenues from Macau resorts, declines sharply in the past two trading sessions due to soft gambling revenues from the Macau region.
When it comes to playing the Supreme Court decision which effectively legalized sports betting, the best bet looks like second-derivative plays. Walt Disney Co (NYSE:DIS), eBay Inc (NASDAQ:EBAY), CBS Corporation (NYSE:CBS) and MSG Networks Inc (NYSE:MSGN) stocks are all in this category.
A U.S. Supreme Court ruling has opened the door for increased legal sports betting, and several contributors to MoneyShow.com are now placing wagers on which companies will benefit. On May 14, the U.S. Supreme Court issued a decision that struck down a 25-year old law, which was known as the PASPA (the Professional and Amateur Sports Protection Act). Now the Supreme Court has had the final say and the states have won.
Jim Cramer said on CNBC's "Mad Money Lightning Round" that Procter & Gamble Co (NYSE: PG ) has a good yield. He thinks the company is going to turn around and he likes the fact that Nelson Peltz ...
MGM Resorts is buying New York's Empire City Casino. But investors should check out Las Vegas Sands, Wynn Resorts and regional power players Penn National Gaming and Boyd Gaming.
The deal will help MGM Resorts (MGM) solidify its position on the East Coast. Over the past two years, MGM Resorts has been constantly increasing its presence on the East Coast.
This is notable to REIT investors for multiple reasons. First, higher interest rates (both short-term and long-term) mean that bank CD’s and other lower-risk income investments are offering higher competitive yields. Of equal note, is the fact that rising long-term interest rates are now factoring into higher discount rates for fundamental valuation models.
Betting on one’s favored sports team just got a whole lot easier with the Supreme Court’s ruling against federal prohibitions on states that allow gambling on sporting events. While good news for wagering types, that decision will help lift the stocks of several gambling companies, especially established U.K.-based firms with considerable U.S. operations, like William Hill (WMH.UK), GVC Holdings (GVC.UK) and 888 Holdings (888.UK). With estimates of the annual size of the U.S. gambling market ranging from $100 billion to $400 billion, the three U.K. gambling firms saw their share prices jump on the Supreme Court’s ruling, which took place just over two weeks ago.