Casino shares have been striking the jackpot en masse on Wall Street and exchanges that are international the last year. The industry is outpacing the tech world, a surprising reality given the general cultural adoration of all things technology vs. video gaming’s often vilified status.
Steve Wynn’s business is residing as much as his name, as one of three United States casino stocks on a significant winning streak as of late.
The Dow Jones US Gambling Index (INDEXDJX: DJUSCA) is up 22.2 percent in 2017, tripling the growth of the Dow Jones Industrial Average and topping the Dow’s technology index’s 21.5 percent increase. The DJUSCA consists of Las Vegas Sands, MGM Resorts, and Wynn Resorts.
Collectively, those three gaming companies are outpacing the tech composite index, which is much larger and consists of over 120 companies. The latter embodies a number of the most iconic companies into the world, including Google, Apple, Dell, eBay, Intel, and Oracle.
An investment in Sands, MGM, and Wynn could be worth more than putting an amount that is equivalent technology stocks, showcasing the sizzling hot streak gaming is enjoying in 2017.
Sands is up 16 percent this while MGM has climbed 12 percent, and Wynn is soaring up 54 percent year.
Nonetheless, it’s well worth noting the casino shares are outperforming tech just since the commencement of January 2017. Dating back again to June of 2016, the tech Continue reading “Casino Stocks Outsmart Tech in 2017, Analysts Love Top Three Gaming Operators”