2024.07.19
viejas casino barThat’s prompting investors to consider assets that perform well against the backdrop of rising rates. But the broader market isn’t being hampered by that scenario this year.As higher readings of the Consumer Price Index (CPI) pertain to gaming equities, including LVS, conventional wisdom is that consumer discretionary — the sector where casino stocks reside — is among the groups most vulnerable to soaring inflation.As the script goes, higher energy costs and reduced purchasing power due to higher prices in general eat away at nonessential consumer spending,” according to Charles Schwab research.Sands might be able to contend with persistent inflation for a simple reason: The CPI is a domestic gauge and the company currently has no operations in the US.Las Vegas Sands (NYSE:LVS) stock fits the bill. drake casino sister casinos(Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. Bank of America believes the stock can rally as 10-year yields rise. Bank of America believes the stock can rally as 10-year yields rise. how old do you have to be to get into downstream casino il rivers casino sportsbookclearwater casino hotel dealsLas Vegas Sands (NYSE:LVS) stock fits the bill. But his surname will likely forever be synonymous with Las Vegas. They claim that Beijing has no intention of leveraging casinos as a show of aggreisland view casino entertainment schedulession toward the US.Add it all up, and despite a prior spike in Treasury yields that lasted well into the second quarter, LVS stock is lower by 32.38 percent year-to-date. e games free slot machine vegasIt’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. The 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 succeThe Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. bellagio casino pictures borgata casino promo code 2021online gambling advertisingIt’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. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. 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. (Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. The 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 after career-ending accusations regarding his alleged inappropriate behavior with female employees came to light. poker casino ontario resorts casino beach cam |