Gambling stocks: These two may have hit bottom, traders say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

MGM Resorts and Las Vegas Sands may have bottomed: traders say. $MGM $LVS (via TradingNation)

Las Vegas Sands "stands the best chance to rise from the rubble at this point. Yes, absolutely Macao's gaming has just come to a complete standstill. But that's not the first time in that region for people to be dealing with a pandemic.

Craig Johnson, chief market technician at Piper Sandler, has his eye on a different casino stock as best positioned to bounce back.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation 'Strategists' may want to reevaluate, Lost Vegas and perhaps Macau are done. they might as well go ahead and stick the proverbial fork in them.

TradingNation Not even close

TradingNation 🤣

TradingNation FRO you permabullshitting charlatans Casinos are SCREWED - they will never get back to normal - the world has changed - and some casinos are going to go BUST and even the largest/better managed will STRUGGLE for YEARS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow futures fall more than 200 points amid concerns over reopening the economyStock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Why do you only tweet when futures are down and never when they are up?
Source: CNBC - 🏆 12. / 72 Read more »

Stocks are in little danger of retesting the March low, top strategist Art Hogan saysNational Securities' Art Hogan believes the consensus view that markets will stage another sharp pullback is wrong. TradingNation they won't retest.....they're going to blast right through the lows. TradingNation GavPotts 👀 TradingNation is losing hope for the end of the economy.
Source: CNBC - 🏆 12. / 72 Read more »