Top Casino Stocks For 2019

If you win money in a Super Bowl bet on Sunday, remember while you’re celebrating that Uncle Sam can be a bit of a party crasher.

No matter where you wager — whether at a casino, through a pool or fantasy league, or at your neighbor’s annual bash — the IRS expects you come to clean each year at tax time.

“Any gambling winnings you receive is considered income by the IRS,” said CPA Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting in Chicago. “You have to report it.”

Icon Sportswire | Getty Images The Vince Lombardi Trophy sits on a table between the New England Patriots and Los Angeles Rams helmets at the Georgia World Congress Center on January 30, 2019, in Atlanta, GA

Roughly 22.7 million Americans are expected to wager an aggregate $6 billion on Sunday’s matchup between the New England Patriots and the Los Angeles Rams in Atlanta, according to a recent survey from the American Gaming Association. Of those bettors, 1.8 million plan to bet illegally through a bookie, and others are expected to place wagers through online offshore books.

Top Casino Stocks For 2019: Industrial Select Sector SPDR ETF (XLI)

Advisors’ Opinion:

  • [By Shane Hupp]

    Investors sold shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) on strength during trading on Thursday. $91.41 million flowed into the stock on the tick-up and $145.29 million flowed out of the stock on the tick-down, for a money net flow of $53.88 million out of the stock. Of all stocks tracked, Industrial Select Sector SPDR Fund had the 0th highest net out-flow for the day. Industrial Select Sector SPDR Fund traded up $0.10 for the day and closed at $71.48

  • [By Paul Ausick]

    3M is the second-largest holding in the Industrial Select Sector SPDR ETF (NYSEARCA: XLI) at 5.29%. Boeing is the largest with a 7.93% share of the fund, but even it’s 22% year-to-date share price increase isn’t enough to push the fund’s increase for the year even to the same level as the Dow’s gains. The sector is just stuck in neutral, and nobody is sure if that’s as bad as it could get.

  • [By Steve Symington]

    Industrials stocks led the way lower today, with the Industrial Select Sector SPDR Fund (NYSEMKT:XLI) falling 1.1%. But tech stocks held up surprisingly well on the heels of yesterday’s losses, with the Technology Select Sector SPDR Fund (NYSEMKT:XLK) wavering between positive and negative territory before closing down just 0.1%.

  • [By Steve Symington]

    Tech stocks also surged, leaving the Technology Select Sector SPDR Fund (NYSEMKT:XLK) up 0.7%. Industrial names rebounded after a particularly difficult session on Tuesday, with the Industrial Select Sector SPDR Fund (NYSEMKT:XLI) jumping 0.9%. 

  • [By Paul Ausick]

    3M is the second-largest holding in the Industrial Select Sector SPDR ETF (NYSEArca: XLI) at 5.29%. Boeing is the largest with a 7.93% share of the fund, but the fund’s increase for the year is 4.7%, well below the Dow index. Virtually all of last week’s increase in the fund came on Monday.

Top Casino Stocks For 2019: Allegiance Bancshares, Inc.(ABTX)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Allegiance Bancshares (NASDAQ:ABTX)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $42.80 and last traded at $41.40, with a volume of 51295 shares. The stock had previously closed at $40.75.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Allegiance Bancshares (ABTX)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Allegiance Bancshares (ABTX)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    COPYRIGHT VIOLATION WARNING: “Allegiance Bancshares Inc (ABTX) Director Sells $695,287.65 in Stock” was reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at www.tickerreport.com/banking-finance/4189715/allegiance-bancshares-inc-abtx-director-sells-695287-65-in-stock.html.

Top Casino Stocks For 2019: Porsche Automobil Holding SE (POAHY)

Advisors’ Opinion:

  • [By ]

    The Model X also experienced extremely high demand, with 12,000 vehicles sold in Europe, outselling such popular Models as BMW’s X6. According to research the Model X was purchased about as often as the extremely popular Porsche (OTCPK:POAHY) Cayenne vehicle in Europe last year.

Top Casino Stocks For 2019: Summit Materials, Inc.(SUM)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Massachusetts Financial Services Co. MA grew its position in Summit Materials Inc (NYSE:SUM) by 46.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 974,473 shares of the construction company’s stock after buying an additional 308,159 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Summit Materials were worth $25,580,000 at the end of the most recent quarter.

  • [By Paul Ausick]

    Summit Materials Inc. (NYSE: SUM) traded down more than 18% Wednesday to set a new 52-week low of $20.50. Shares closed at $25.10 on Tuesday, and the 52-week high is $34.06. Volume was more than six times the daily average of around 1.5 million. The company missed earnings and revenue expectations this morning.

  • [By Ethan Ryder]

    Shares of Summit Materials Inc (NYSE:SUM) have received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $30.15.

  • [By Max Byerly]

    GMT Capital Corp grew its holdings in Summit Materials Inc (NYSE:SUM) by 5.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 927,315 shares of the construction company’s stock after acquiring an additional 46,300 shares during the quarter. GMT Capital Corp’s holdings in Summit Materials were worth $24,342,000 at the end of the most recent reporting period.

  • [By Paul Ausick]

    Summit Materials Inc. (NYSE: SUM) traded down about 2.3% Friday to set a new 52-week low of $18.47 after closing at $18.90 on Thursday. The stock’s 52-week high is $34.06. Volume was about double the daily average of around 2 million. The company had no specific news and shares recovered later in the morning and are on track to post a gain of around 1% for the day.

Top Casino Stocks For 2019: SteadyMed Ltd.(STDY)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Steadymed Ltd (NASDAQ:STDY) CEO Jonathan Rigby sold 88,831 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $4.66, for a total transaction of $413,952.46. Following the completion of the sale, the chief executive officer now owns 41,605 shares of the company’s stock, valued at $193,879.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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