Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

2 Casino Stocks Wall Street Predicts Will Rally Over 70%

Published 08/19/2021, 02:09 PM
Updated 08/19/2021, 03:30 PM
© Reuters.  2 Casino Stocks Wall Street Predicts Will Rally Over 70%
LVS
-

Casino stocks , such Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainments (MLCO), are well positioned to outpace the broader markets in the next year, per consensus estimates.In the last 18 months, Casino stocks have been among the hardest hit on Wall Street. The ongoing pandemic resulted in worldwide lockdowns, a ban on international travel, and an economic recession which drove stocks in the travel, entertainment, tourism, energy, and retail sectors to multi-year lows.

However, as the vaccination rollout has gained pace in recent months, economies have started to reopen, making beaten-down stocks a top bet for contrarian and value investors.

Here, we look at two casino stocks in Las Vegas Sands (LVS) and Melco Resorts & Entertainment (MLCO) that are poised to gain over 70% in the next year, according to consensus price target estimates.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.