2024.07.19
roulette wheel casino tableLVS’s Venetian Macau, seen above. It’s the only gaming equity in the group.Waiting on LVS Stock to BenefitAmid the recent spike in 10-year yields, LVS isn’t proving too responsive, gaining just 1.65 percent over the past three months.That’s likely a symptom of a sluggish recovery in Macau – the company’s largest market. (Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. lake tahoe casino weddingsLas Vegas Sands (NYSE:LVS) stock fits the bill. But his surname will likely forever be synonymous with Las Vegas. monthly changes in the nominal 10-year yields, including only those stocks with beta (slope) that is statistically significant at the 5 percent level, and who have at least 10 years of monthly returns,” according to the bank.LVS stock, which is rated “neutral” by Bank of America, has a nominal interest rate beta of 14.2, good for the fifth spot on the list. hollywood casino 500 free play island view casino gulfport entertainmenttachi palace casino poker roomThe now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succeThat’s prompting investors to consider assets that perform well against the backdrop of rising rates. That prompted some analysts to say management should unleash a big buyback program to restore shareholder confidence and show investors the stock is undervalued.Inflation Might Not Be a ProblemThe combination of hot inflation and rising interest rates is often toxic for equities. lake tahoe casino for sale(Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. Ten-year yields reside at 1.548 percent at this writing.The Bank of America team ran a screen of S&P 500 members that were helped the most by increasing nominal 10-year yields from 1972 through September 2021, with Las Vegas Sands appearing on the list.Screens are based on a regression of stocks’ monthly excess returns vdoubledown casino vegass. (Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. club player casino bonus codes 2021 pechanga casino off track bettingharrah s cherokee casino north carolinaLas Vegas Sands (NYSE:LVS) stock fits the bill. But market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. (Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. The Wynn Redoubledown casino vegassorts founder and former chairman and CEO has been trying to sell the mansion for more than a year. That prompted some analysts to say management should unleash a big buyback program to restore shareholder confidence and show investors the stock is undervalued.Inflation Might Not Be a ProblemThe combination of hot inflation and rising interest rates is often toxic for equities. That’s after career-ending accusations regarding his alleged inappropriate behavior with female employees came to light. roulette casino free casino quest live |