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Are Casino Stocks a Gamble Right Now?
Some of the fastest moving companies over the past week have been casino stocks. Las Vegas Sands (NYSE: LVS) and MGM Mirage (NYSE: MGM) have climbed up over 80% and 50% respectively.
And that includes yesterday’s 7% drop. This morning both stocks started clawing back that loss.
The real question is whether this can be sustained? Are they more of a gamble now that they’ve moved up so much? Jim Cramer doesn’t think so, in fact, he just increased his price targets for the stocks and their casino counterpart Wynn Resorts (NYSE: WYNN).
The momentum behind the casino stocks doesn’t stop there. Options activity has been distinctively bullish, and the financial positions have been improving.
It cannot be lost on investors that these companies are still almost 80% below last years highs. A retracement to even half that level would still be another 300% top 500% gain from here.
That’s an appetizing prospect for investors who have seen casinos climb over 400% since the March bottoms.
Symbols mentioned in this article: LVS, MGM and WYNN.
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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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