Casino stocks edge lower, at least partially influenced by word out of Las Vegas that the gaming...

Casino stocks edge lower, at least partially influenced by word out of Las Vegas that the gaming win on the Strip was down by 13% to $432M during a recent tracking period. The sector is also battling dueling analyst moves: Nomura downgrading MGM Resorts to Neutral from Buy and Lazard upping Wynn Resorts (WYNN +0.4%) to Buy from Neutral. Decliners: MGM -2.7%, LVS -1.5%, PENN -1.7%.
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Comments (2)
  • Hillbilly Stock Star
    , contributor
    Comments (747) | Send Message
    BJK ......Plenty of room for growth imo, Long.
    10 Jan 2013, 10:01 AM Reply Like
  • vallies
    , contributor
    Comments (346) | Send Message
    Thanks HSS, I didn't know about an ETF for the Casinos. I have MGM and am long also, I like the fact of that MGM did a bond/secured note offering I believe in early DEC.2012. Usually after they report it tanks, so I have some to the side to add for the long. Once again thanks. WFC is out tomorrow, watching commercial loans Y/Y. It would be nice if some one from SA did a three year comparison. New Mortgage Loans aren't that bad, for it protects the lenders, but also protects the banks. I am bullish on the Mid westies, KEY etc, you'd have to read MOS statement for that. The farmers have low imput costs, but are selling at a premium. So AGCO,possibly DE, all though when they report their guidance usually stinks, TWI. Low nat gas prices has the market bullish on the chemicals, ASH,CE etc. Also the steel space, TKR is my favorite for that. Alas, the Debt ceiling will be upon us so trim or sit and wait. Good luck.
    10 Jan 2013, 02:56 PM Reply Like
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