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All Bets Are Off On Casino Stocks

admin 2021.12.03 22:54 Views : 105

Summary

  • The Very Bearish stocks featured here were featured in our article a few weeks ago as stocks to avoid; WYNN and LVS have continued to fall.
  • The pandemic is taking a toll on the gambling industry. Closure of Macau gaming rooms and stocks like WYNN and LVS will take another big hit.
  • In the last 90 days, ten analysts have revised their estimates down for both LVS and WYNN. The revisions trend may continue into upcoming earnings announcements in January and February.
  • If you are looking for alternatives to WYNN and LVS, see our top-rated Casinos and Gaming Stocks screen ranked by quant ratings; Golden Entertainment and International Game Technology are both Very Bullish.
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