Best Casino Stocks For 2019

Elliott R. Morss Ph.D. 漏All Rights Reserved

Introduction

Politicians in Massachusetts, New York and Rhode Island have put aside moral and/or addiction concerns over gambling. Instead, they recently asked why all the gambling dollars from their citizens go to the casinos (and governments) in Connecticut and New Jersey. They responded by approving for new gaming facilities in all three states. Below, data on these actions is presented with commentary.

The Current Situation

Table 1 provides gambling revenues and how they have changed since 2007 for northeast US states, with California, Nevada and Macau included as points of reference. The growth in Macau has been truly amazing. And additional facilities continue to be built there. However, as noted in an earlier piece, Japan has just approved a number of new integrated resort casinos. And these can be expected to siphon off some of the gambling from Macau, Singapore, Malaysia and Australia.

Gambling revenues in Nevada, New Jersey, and Connecticut have not recovered from the 2008 global recession caused by the US banking collapse.

Best Casino Stocks For 2019: Boeing Company (BA)

Advisors’ Opinion:

  • [By Paul Ausick]

    That didn’t take long. After a one-week absence as the Dow Jones Industrial Average (DJIA) index’s best performing stock, Boeing Co. (NYSE: BA) has reclaimed its top ranking last week with a gain of nearly 9%. For the first two weeks of 2018, Boeing shares have added 14%.

  • [By Paul Ausick]

    Boeing Co. (NYSE: BA) continues to hold on to its top ranking as the best-performing stock for the year to date among the 30 equities that comprise the Dow Jones Industrial Average (DJIA). Even after Friday’s 666-point drop in the Dow, Boeing stock ended the week with a share price gain of nearly 1.7% and a year-to-date gain of about 17.2%.

  • [By Paul Ausick]

    We are about to find out if the slowing grinding wheels of justice also grind exceedingly fine. The World Trade Organization (WTO) is expected to issue a final ruling on a claim filed in 2004 by Boeing Co. (NYSE: BA) that the European Union paid billions of dollars in illegal subsidies to Airbus. Boeing won the last ruling in 2016 and Airbus routinely appealed.

  • [By Paul Ausick]

    The second-best performer among the Dow Jones industrials so far this year is Microsoft Corp. (NASDAQ: MSFT), which is up 15.28%. That is followed by Visa Inc. (NYSE: V), up 18.3%, UnitedHealthGroup Inc. (NYSE: UNH), up 13.7%, and Boeing Co. (NYSE: BA), up 13.5%. Of the 30 Dow stocks, only 11 have managed to post a gain to date in 2018.

  • [By Paul Ausick]

    In a terse statement released Wednesday, the U.S. Federal Aviation Administration (FAA) said that it will issue an airworthiness directive (AD) within the next two weeks requiring inspections of certain engines like the one that blew up on a Southwest Airlines Co. (NYSE: LUV) flight Tuesday killing one passenger. The airplane, a Boeing Co. (NYSE: BA) 737-700, was 18-years old although the engine may have been younger.

  • [By William Patalon III]

    While I’m having fun “hosting” this “episode,” I’m dead serious about a critical examination of these media claims to determine whether they’re factual reporting… or yet another cluster of “media myths” aimed at The Boeing Co. (NYSE: BA).

Best Casino Stocks For 2019: Liberty TripAdvisor Holdings, Inc.(LTRPA)

Advisors’ Opinion:

  • [By Max Byerly]

    Liberty Tripadvisor Holdings Inc Series A (NASDAQ:LTRPA) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,070,644 shares, an increase of 47.7% from the May 15th total of 1,402,097 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 839,315 shares, the short-interest ratio is currently 2.5 days.

  • [By Lisa Levin]

    Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 31 percent to $12.10 following TripAdvisor Q1 earnings beat.

    Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 34 percent to $15.3628 after the company posted better-than-expected Q1 earnings.

  • [By Lisa Levin] Gainers
    Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares jumped 31.6 percent to $12.18 following TripAdvisor Q1 earnings beat.
    ZAGG Inc (NASDAQ: ZAGG) rose 26.5 percent to $14.55 after the company posted better-than-expected Q1 earnings.
    OPKO Health, Inc. (NASDAQ: OPK) shares gained 25 percent to $4.0234 following Q1 beat.
    Axon Enterprise, Inc. (NASDAQ: AAXN) jumped 23.5 percent to $55.12 following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent.
    Penn Virginia Corporation (NASDAQ: PVAC) gained 23.3 percent to $59.00 after reporting Q1 results.
    TripAdvisor, Inc. (NASDAQ: TRIP) rose 22.5 percent to $47.51 after the company reported stronger-than-expected results for its first quarter on Tuesday.
    Sears Holdings Corporation (NASDAQ: SHLD) shares surged 21.7 percent to $3.36. Amazon.com's partnership with Sears started in 2017 with an agreement to sell Kenmore-branded appliances online. On Wednesday, the companies announced an extension of their relationship to now include tire delivery and installations.
    EP Energy Corporation (NYSE: EPE) jumped 21.3 percent to $2.68 following Q1 results.
    LendingClub Corporation (NYSE: LC) surged 20.4 percent to $3.395 following better-than-expected Q1 earnings.
    Superior Industries International, Inc. (NYSE: SUP) gained 19 percent to $15.82 after reporting Q1 results.
    Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) shares rose 18.5 percent to $8.13 following Q1 results.
    Twilio Inc. (NYSE: TWLO) rose 18.3 percent to $52.47 after the company posted strong quarterly results.
    Cerus Corporation (NASDAQ: CERS) shares jumped 18.3 percent to $6.47 following quarterly results.
    IEC Electronics Corp. (NYSE: IEC) shares climbed 17 percent to $4.68 after reporting better-than-expected quarterly earnings.
    New Relic, Inc. (NYSE: NEWR) rose 16.8 percent to $90.10 following Q4 results.
    Gulfport Energy Corporation (NASDAQ: GPOR)

Best Casino Stocks For 2019: Standex International Corporation(SXI)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Synex International (TSE:SXI) Director Glenn Stanley Mcdonnell sold 250,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of C$0.50, for a total transaction of C$125,000.00.

  • [By Logan Wallace]

    Barclays PLC boosted its holdings in Standex Int’l Corp. (NYSE:SXI) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,804 shares of the industrial products company’s stock after buying an additional 561 shares during the period. Barclays PLC’s holdings in Standex Int’l were worth $459,000 as of its most recent SEC filing.

Best Casino Stocks For 2019: Globalstar Inc.(GSAT)

Advisors’ Opinion:

  • [By Max Byerly]

    Globalstar (NYSEAMERICAN:GSAT) saw a significant growth in short interest in April. As of April 13th, there was short interest totalling 86,799,863 shares, a growth of 6.9% from the March 30th total of 81,207,186 shares. Based on an average daily volume of 6,541,037 shares, the short-interest ratio is currently 13.3 days. Approximately 14.4% of the shares of the stock are short sold.

  • [By Lisa Levin]

    Thursday morning, the telecommunication services shares rose 1.06 percent. Meanwhile, top gainers in the sector included Globalstar, Inc. (NYSE: GSAT), up 5 percent, and Partner Communications Company Ltd. (NASDAQ: PTNR) up 4 percent.

  • [By Anders Bylund]

    Shares of Globalstar (NYSEMKT:GSAT) had a wild ride in April. By the end of the month, the stock had fallen 11% lower,according to data from S&P Global Market Intelligence.

  • [By Anders Bylund]

    Shares of Globalstar Inc. (NYSEMKT:GSAT) went on a roller coaster ride this morning. The satellite communications specialist’s stock bottomed out in a 16% drop just after 10 a.m. EDT, recovering to a less dramatic 7% decline an hour later. The company is the target of a complicated merger deal today, and investors on the open market are not loving the idea.

  • [By Paul Ausick]

    Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 5.9% Monday and posted a new 52-week low of $0.48 after closing Friday at $0.51. The stock’s 52-week high is $2.30. Volume totaled about 4.4 million, about 20% below the daily average of around 5.4 million. The company had no specific news.

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