Top Casino Stocks To Watch For 2018

” Even as I approach the gambling hall, as soon as I hear, two rooms away, the jingle of money poured out on the table, I almost go into convulsions.” /Fyodor Dostoevsky

The newly legislated entry into the global gaming market by Japan has raised prospects of a $30 billion market forming within the first five years of operation. As the implications of this game changing development sink into the market the clear, immediate winners will be the global gaming giants we alluded to in our SA post on December 6 th. Assuming enabling legislation and licensee announcements proceed as planned before the end of 2017, those stocks will have already started to move north on the news alone.

But the potential bounty will go beyond gaming operators to include the makers of gaming equipment and casino monitoring systems for whom we also see an upside future on the Japan news. For now we look at a single global giant in the field, International Gaming Technology (NYSE: IGT). Japanese companies we likewise believe could share in the business like Konami, Sega Sammy (preparing to open its own casino in South Korea this spring) and Aruze. More on investment possibilities in those companies at a later date.

Top Casino Stocks To Watch For 2018: Deckers Outdoor Corporation(DECK)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Hanesbrands was just one of many retail companies that got shellacked this week. Under Armour (UAA) tumbled 29% after missing earnings forecasts and cutting its guidance, while Deckers Outdoor (DECK) plunged 21% after its earnings missed the Street consensus, and Ralph Lauren (RL) plummeted 13% after its CEO stepped down.

  • [By Taylor Cox]

    Analyst/Investor Days

    Finjan Holdings, Inc (NASDAQ: FNJN)
    Danaher Corporation (NYSE: DHR)
    Delta Air Lines, Inc (NYSE: DAL)
    Deckers Outdoor Corporation (NYSE: DECK) annual shareholder meeting, to vote on Marcato Capital board nominees

    Legal

  • [By Matt Hogan]

    SKX is also highly attractive in a relative basis when compared to several of its publicly traded peers: Foot Locker, Inc. (NYSE: FL), Deckers Outdoor Group (NYSE: DECK), Wolverine World Wide, Inc. (NYSE: WWW) and Columbia Sportswear Company (NASDAQ: COLM). The company's forward EBITDA multiple of 6.9x is equal or below all of the comparable companies: FL (6.9x), DECK (7.6x), WWW (10.1x) and COLM (10.8x).

Top Casino Stocks To Watch For 2018: Geo Group Inc (The)(GEO)

Advisors’ Opinion:

  • [By Shanthi Rexaline]

    Height Securities said in a note that the recent drama surrounding Sessions, known as a friend to the industry, has scared the wits out of investors in Corecivic Inc (NYSE: CXW) and The GEO Group Inc (NYSE: GEO).

  • [By Wayne Duggan]

    If a potential Trump impeachment appears to be progressing, traders should watch for potential buying opportunities in the following places:

    U.S. companies with primarily domestic exposure and the SPDR S&P 500 ETF Trust (NYSE: SPY).
    Bank stocks and the Financial Select Sector SPDR Fund (NYSE: XLF).
    Prison stocks Corecivic Inc (NYSE: CXW) and The GEO Group Inc (NYSE: GEO).
    Energy and coal stocks, including the Market Vectors Coal ETF (NYSE: KOL).

    __________

  • [By Jon C. Ogg]

    Corrections Corporation of America (NYSE: CXW) was trading up 7.8% at $20.97 shortly before Monday’s closing bell. GEO Group Inc. (NYSE: GEO) was up 2.2% at $31.29.

Top Casino Stocks To Watch For 2018: CareTrust REIT, Inc.(CTRE)

Advisors’ Opinion:

  • [By Monica Gerson]

    Caretrust REIT Inc (NASDAQ: CTRE) is estimated to post its quarterly earnings at $0.26 per share on revenue of $22.21 million.

    China Lodging Group, Ltd (ADR) (NASDAQ: HTHT) is projected to post its quarterly earnings at $0.41 per share on revenue of $1.39 billion.

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