Does anyone know what is going on with casino and gaming stocks? I was scouting on yahoo finance for stocks to pick up and i saw that various gaming stocks like $PENN or $CZR are quite hyped. Being that we’re in the middle of a global pandemic it seems like casinos and alike wouldn’t be profitable right now, is this excitement from the market due to a belief that with vaccines and stuff gaming will make a comeback or something entirely different?
Airline, cruise and casino stocks (CCL, BA, MGM etc.)
Whole sectors seems to be going down (mostly cruises), of course this is only the second day after a huge run but I am interested in your opinion. Are you holding for the long haul? Selling? Which companies in these sectors do you like and dislike and most importantly, why?
How many are invested in ERI, MGM, CZR, PENN, DKNG and all the other ones out there?? How many that are, are holding tight? I have my ERI and MGM stocks set to sell if they hit $1 above what I paid for them. I don’t sitting tight but if if falls to that point I’ll sell and wait to see where the bottom is before they start to rebound. IMO the government did to little and were too lenient with their handling of covid-19 should of been a hard lock down like some other countries. Instead this nonsense is wrecking lingering havoc on the economy!
If this is a recession that we are heading towards won’t all stocks like MGM and ERI have a very bad time? I’m thinking about holding for the long term but idk if I should just get the positive now and run away
Hey guys. I am thinking of grabbing a few stocks from the Casino industry. I already own a few of EVRI in my IRA account that I bought at $3.30. Is there any one in particular ones that you feel may be a good long term investment? Many people talk about Airlines, cruise ships, but very few about the big Casino and Hotel industry that is also down a lot.
Is anyone looking into casino stocks? They've had an interesting week so far, and I was wondering if anyone has made plays on them with the tentative reopening of Las Vegas on May 15. I'm looking into WYNN, CZR, and ERI mainly but of course open to some other input.
Social Media stocks such as FB (Facebook), TWTR (Twitter), SNAP (Snapchat) etc. should be viewed the same way as casino stocks such as MGM, LVS (Las Vegas Sands).
People are literally addicted to social media the same way people are addicted to gambling and alcohol. They recognize it is bad for them, they recognize it intrudes with their daily lives but they cannot control it or even limit it without professional help. Ethics aside, FB is still a strong buy even with Verizon pulling their ads. Thoughts?
I was just wondering what my brothers and sisters thought about investing in Casinos. I feel fine investing in the stock markets, but there there are some things I take pause and think about before investing in. I'm thinking of investing in a gaming company that owns some casinos.
Mostly GC since it's pretty much the only big casino stock in Canada. Its price has fallen a lot this past year because of corona and I know that its drop is heavily justified, but I was wondering what you guys are thinking about the future of casinos. I doubt they'll be reopening anytime soon, but I can see a lot of activity in this sector as soon as they are given the green light.
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