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Bank Pullback Exposes Casino Opportunities
by The Investment U Research Team
This morning we received news from the leading economic indicators that our recovery might be farther off than expected.
Additionally, Bank of America’s (NYSE: BAC) report sent a shiver down Wall Street’s spine. They warned that credit markets were continuing to deteriorate. Now there’s something you don’t want one of the largest banks in the country to announce.
BAC reported $4.2 billion in earnings from the 1st quarter in this latest release. And if you consider that most of the last months rally has been built upon a resurgent banking sector – you can see why investors have good cause for fear.
Already the major indices are down over 3%. And this may be just the tip of the pullback.
But here’s one of the more interesting things in the market right now – casinos.
Even as the financials are down, MGM Mirage (NYSE: MGM) and Las Vegas Sands (NYSE: LVS) are down on what should be positive news. Upgrades by Morgan Stanley and data that shows Asian gamblers are still flocking to Macau.
Along with the banking sector, the casinos are heavily reliant on the capital markets. If we continue to see a substantial pullback, both sectors could become attractive buying opportunities.
We’ve seen that they both can rebound quickly after hitting historic lows. Something we like seeing in our long-term purchases.
Companies mentioned in this article: BAC, LVS and MGM.
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The Company Set to Dominate a $60 Billion-a-Year Market
$60 billion is spent on cancer treatment in the U.S. - each year. And one company is poised to receive the lion's share of it.
The medical director at the Alta Bates Comprehensive Cancer Center says, "...possibly a third of our cancer patient population will soon be undergoing this [company's] treatment."
Another doctor at the University of Texas MD Anderson Cancer Center says he intends to treat over 1,000 patients a year with this technology.
Here's how you can claim your stake in the company before this cash infusion sends shares soaring.
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