Shares of Las Vegas Sands (NYSE:LVS) are down about 9% since the casino giant released mixed second quarter numbers on July 25th. Its revenue rose 6% annually to $3.3 billion, which beat expectations by $20 million but represented its slowest growth in seven quarters.
Its hold-normalized adjusted earnings per share grew 23% to $0.76 but missed estimates by three cents. On a GAAP basis, earnings rose just a penny to $0.70 per share. Those numbers weren't terrible, but investors were already concerned about trade tensions between the U.S. and China and the abrupt slowdown in Macau's gross gaming revenue (GGR) growth in June.
Image source: Las Vegas Sands.
Therefore, Sands had a lot to prove, but it delivered a messy quarter. Should investors take advantage of this dip to buy more shares? Let's take a closer look at the company to find out.
Top 5 Casino Stocks To Watch For 2019: Shake Shack, Inc.(SHAK)
Advisors' Opinion:- [By Motley Fool Transcribers]
Shake Shack Inc (NYSE:SHAK)Q4 2018 Earnings Conference CallFeb. 25, 2019, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Nicholas Rossolillo]
Some specific insight into the trend can be gleaned from two of Zoe's competitors in the fast-casual space: Shake Shack (NYSE:SHAK) and Habit Restaurants (NASDAQ:HABT). Both better-burger establishments shared industrywide struggles due to aggressive expansion for two years, but things have been trending positively thus far in 2018, leaving Zoe's fresh and healthy fare in the dust.
- [By Benzinga News Desk]
Dan Loeb is looking to play in the emerging financial technology space. The hedge fund manager behind Third Point is looking to raise $400 million for Far Point Acquisition Corp., a so-called “blank check” acquisition company, he revealed in a regulatory filing: Link
ECONOMIC DATA The flash Composite Purchasing Managers' Index for May will be released at 9:45 a.m. ET. New home sales report for April is schedule for release at 10:00 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET. The Treasury is set to auction 5-year notes at 1:00 p.m. ET. The Federal Open Market Committee will issue minutes of its meeting at 2:00 p.m. ET. Minneapolis Federal Reserve President Neel Kashkari is set to speak at 2:15 p.m. ET. ANALYST RATINGS Deutsche Bank upgrades Nordstrom (NYSE: JWN) to Buy from Hold; Raises Price Target to $55 from $52 Bernstein upgrades Celgene (NASDAQ: CELG) to Outperform Longbow Research downgrades Shake Shack (NYSE: SHAK) to Neutral Stifel downgrades Red Robin Gourmet Burgers (NASDAQ: RRGB) to Hold, Lowers Price Target to $55This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Top 5 Casino Stocks To Watch For 2019: Potlatch Corporation(PCH)
Advisors' Opinion:- [By Joseph Griffin]
PotlatchDeltic (NASDAQ:PCH) was upgraded by equities researchers at Vertical Research to a “hold” rating in a research report issued on Monday, The Fly reports. The analysts noted that the move was a valuation call.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on PotlatchDeltic (PCH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Shares of Potlatchdeltic Corp (NASDAQ:PCH) have received an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.83.
Top 5 Casino Stocks To Watch For 2019: Transocean Inc.(RIG)
Advisors' Opinion:- [By Ethan Ryder]
Quantitative Systematic Strategies LLC bought a new stake in Transocean LTD (NYSE:RIG) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 13,609 shares of the offshore drilling services provider’s stock, valued at approximately $135,000.
- [By Dan Caplinger]
The stock market lost ground on Monday, although the declines in some major benchmarks were more extreme than others. A budding financial crisis in Turkey once again captured the attention of investors, as the threat of rising tariffs and escalating diplomatic tension could drive a wedge through the North Atlantic Treaty Organization at a critical time for the geopolitical environment in the region. The repercussions of recent events involving Turkey echoed around the world, and some companies felt the tremors more sharply than others. First Majestic Silver (NYSE:AG), Turkcell Iletisim Hizmetleri (NYSE:TKC), and Transocean (NYSE:RIG) were among the worst performers on the day. Here's why they did so poorly.
- [By Max Byerly]
Ocean Rig UDW (NYSE: RIG) and Transocean (NYSE:RIG) are both mid-cap oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, earnings, valuation, risk, dividends, analyst recommendations and institutional ownership.
Top 5 Casino Stocks To Watch For 2019: Abengoa Yield plc(ABY)
Advisors' Opinion:- [By Logan Wallace]
ArtByte (CURRENCY:ABY) traded up 10.8% against the dollar during the 1-day period ending at 20:00 PM ET on June 14th. ArtByte has a market capitalization of $3.84 million and approximately $13,004.00 worth of ArtByte was traded on exchanges in the last 24 hours. One ArtByte coin can currently be purchased for $0.0048 or 0.00000073 BTC on popular cryptocurrency exchanges including Bittrex, Cryptopia and LiteBit.eu. Over the last week, ArtByte has traded 16.9% lower against the dollar.
- [By Stephan Byrd]
ArtByte (ABY) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on May 1st, 2014. ArtByte’s total supply is 792,537,250 coins. ArtByte’s official website is www.artbyte.me. ArtByte’s official Twitter account is @artbyteme and its Facebook page is accessible here. The Reddit community for ArtByte is /r/ArtByte and the currency’s Github account can be viewed here.
- [By Logan Wallace]
ArtByte (CURRENCY:ABY) traded down 8% against the dollar during the 1 day period ending at 17:00 PM Eastern on September 6th. During the last week, ArtByte has traded 11.3% higher against the dollar. One ArtByte coin can currently be purchased for about $0.0029 or 0.00000045 BTC on popular cryptocurrency exchanges including LiteBit.eu, Bittrex and Cryptopia. ArtByte has a total market cap of $2.31 million and approximately $4,225.00 worth of ArtByte was traded on exchanges in the last day.
Top 5 Casino Stocks To Watch For 2019: Citigroup Inc.(C)
Advisors' Opinion:- [By ]
Cramer's third reason that this is a legitimate rally is the bevy of buybacks. Companies like Citigroup (C) have pledged to retire 7% of their stock this year. That matters.
- [By John Maxfield]
Maxfield: I think we mixed up some numbers. Their revenue as a percent of assets is 4.92%, which is the highest in its peer group, and its peer group are the really large, too-big-to-fail banks, JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), plus other large regional banks. So that's the largest with one exception, and that is Capital One (NYSE: COF). The reason that Capital One's revenue is so high as a percentage of assets is because a very large portion of its loan portfolio consists of credit card loans, and those yield, as everybody knows, a lot more than, say, a home mortgage does. So its revenue as a percent of assets is the top in its peer group. But then, if you translate that over into profitability, that's where that 1.1% return on assets is. When you're talking about profitability for banks, there's two measures that you want to look at: your return on assets and your return on equity. Return on assets is basically your unlevered profitability. Your return on equity is your levered profitability. Here's the interesting thing about PNC, and this is one of the reasons that it doesn't pop up a lot when investors are looking for the top-performing banks -- it's because their return on common equity last year was 8.58%. When you're looking for a 10% return on equity, you think, that's actually meaningfully below that standard industry benchmark that you want to see. But the reason that it's below, as we see with its good return on assets, is just because it's not very levered, which means it's a very safe bank that's still earning a lot of money if you look at it on a levered basis.
- [By ]
But Nasdaq now also has some surprising collaborations underway with financial institutions -- including one with Citigroup (C) , which is one of several big banks that have banned the purchase of cryptocurrency by customers using their credit cards. Nasdaq and Citi announced an integrated payment solution to trade securities internationally that combines Citi's commercial, multi-currency payments network with Nasdaq's blockchain technology.
- [By ]
The political group is organized under section 501(c)(4) of the tax code, freeing it to run paid advertising, lobby policy makers and conduct aggressive social and digital campaigns with the aim of building support for the carbon tax plan. The group does not plan to be active in this November’s elections but organizers envision doing so in 2020.
- [By Garrett Baldwin]
The Dow Jones today gained over 100 points in pre-market hours after the U.S. Federal Reserve announced the result of financial liquidity tests. The tests, performed on the nation's largest financial institutions, are designed to provide feedback on the dividend and stock buyback plans proposed by firms like JPMorgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C).
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