Trade Like a Casino for Consistent Profits by Adam Khoo
Things have been volatile for Casino stocks and ETFs of late due to the U.
The pure-play casino ETF Best performing casino stocks Vectors Gaming ETF has lost 22.
Still, Macau casino revenues dropped 5% in January, marking the first year-over-year decrease since July 2016.
However, things are not that gloomy click at this page of Macau gaming revenues beating expectations.
Below we highlight a few recently released earnings reports from some industry bellwethers and see how those performed in the trade-war-trodden fourth quarter.
Inside Earnings On Feb 13, MGM Resorts International reported impressive results in fourth-quarter 2018 after market close, wherein earnings and revenues outpaced the respective Zacks Consensus Estimate.
Adjusted earnings of 14 cents surpassed the consensus estimate of 13 cents.
Earnings also compared favorably with the year-ago quarter's break-even profit.
The improvement was backed by higher revenues at both gaming and non-gaming facilities.
However, shares fell about 6.
The top line also improved 4% on significant contribution from Wynn Palace and Las Vegas operations, offset by a decrease in Wynn Macau operations.
In late January, Las Vegas Sands Corp.
In the reported quarter, adjusted earnings came in at 77 cents per share, which declined 12.
Market Impact The pure-play ETF BJK gained a meager 2.
In any case, the stocks best performing casino stocks to a top-ranked Zacks Industry top 42%.
As for the Zacks Rank, Best performing casino stocks has a Zacks Rank 4 SellMGM has a Zacks Rank 5 Strong Sell and Wynn Resorts carries a Zacks Rank 3 Hold.
While investing in a single stock is always an option, investors can also try the form ETF as a basket approach mitigates any particular stock's weakness.
BJK in Focus The fund looks to track the MVIS Global Gaming Index and provides investors direct exposure continue reading the casino gaming market.
The product is expensive as its net expense ratio is 66 bps.
All the three abovementioned companies have created places in the top 10 holdings of the fund with a considerable share.
Both companies, Las Vegas Sands and Sands China, have about 15% exposure in BJK.
MGM Resorts International and MGM Best performing casino stocks Holdings call for about 7% of the fund.
Wynn Resorts Ltd and Wynn Macau also account for about 8% of BJK.
The fund has about 41.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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