Top Casino Stocks To Watch For 2019

Australian billionaire James Packer resigned from his gaming empire Wednesday.

Crown Resorts announced that Packer is stepping down for “personal reasons.”

“We have appreciated James’ contribution to the board and respect his decision to step down from his role as a director at this time,” Crown Resorts executive chairman John Alexander said in a statement.

It is just the latest public setback for the casino and entertainment mogul.

Packer is best known in the United States for his brief engagement to pop singer Mariah Carey.

In recent months, his name has been linked to a major corruption investigation tied to Israeli Prime Minister Benjamin Netanyahu. Israeli authorities have named Netanyahu as a suspect in multiple criminal investigations in Israel, including a case where police say he received gifts worth 1 million shekels ($280,000) from overseas businessmen.

Top Casino Stocks To Watch For 2019: Westar Energy, Inc.(WR)

Advisors’ Opinion:

  • [By Shane Hupp]

    DekaBank Deutsche Girozentrale cut its holdings in Westar Energy (NYSE:WR) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,441 shares of the utilities provider’s stock after selling 968 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Westar Energy were worth $430,000 as of its most recent SEC filing.

  • [By Lisa Levin]

    Friday afternoon, the utilities shares surged 0.43 percent. Meanwhile, top gainers in the sector included Spark Energy, Inc. (NASDAQ: SPKE), up 4 percent, and Westar Energy, Inc. (NYSE: WR) up 3 percent.

  • [By Joseph Griffin]

    Westar Energy (NYSE:WR) issued its earnings results on Wednesday. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.09), Fidelity Earnings reports. Westar Energy had a return on equity of 8.40% and a net margin of 12.60%. During the same period in the previous year, the business posted $0.52 earnings per share.

Top Casino Stocks To Watch For 2019: Devon Energy Corporation(DVN)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Oil prices have continued rebounding this year, with the U.S. benchmark price WTI up another 7% to around $65 per barrel. That improving oil price has helped drive up most oil stocks. I say most because Devon Energy (NYSE:DVN), Apache (NYSE:APA), and Newfield Exploration (NYSE:NFX) are flat to down so far this year because investors seem to have overlooked them entirely. Because of that, they trade for a dirt-cheap valuation versus their peers, making them intriguing options to consider.

  • [By Matthew DiLallo]

    Shares of Devon Energy (NYSE:DVN) have been all over the place so far in 2018. Investors initially pounded the stock after it reported disappointing fourth-quarter results to start the year. However, it has recovered since then after posting much better numbers in the first quarter as well as surprising investors with a big-time dividend increase and share buyback program. Still, shares are only up about 7% this year even though crude prices have been scorching-hot, rocketing more than 20% year to date.

  • [By ]

    In the Lightning Round, Cramer was bullish on PayPal (PYPL) , Wyndham Worldwide (WYN) , Churchill Downs (CHDN) , Devon Energy (DVN) , Discovery Communications (DISCA) and Cypress Semiconductor (CY) .

Top Casino Stocks To Watch For 2019: The Kraft Heinz Company(KHC)

Advisors’ Opinion:

  • [By ]

    My favorite defensive stock for the coming bear market is Kraft Heinz (Nasdaq: KHC). The stock fits both as a defensive stock and as a stock that has been beat lower — our third bear market search criteria.

  • [By Demitrios Kalogeropoulos]

    It hasn’t been a good year so far for Kraft Heinz (NASDAQ:KHC) shareholders. The stock shed 19% through the first six months of 2018 compared to a 2% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.

  • [By Logan Wallace]

    Atlantic Trust Group LLC lessened its position in Kraft Heinz Co (NASDAQ:KHC) by 2.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 34,341 shares of the company’s stock after selling 936 shares during the period. Atlantic Trust Group LLC’s holdings in Kraft Heinz were worth $2,139,000 as of its most recent SEC filing.

  • [By ]

    Credit Suisse analyst Robert Moskow slashed his rating on packaged food giant Kraft Heinz (KHC) to under-perform on Monday. In addition to doubting the 3G Capital-backed company’s ability to innovate (3G Capital is known in the industry for its cost-cutting efforts), Moskow slams the company’s culture and cites it as a key risk.

  • [By ]

    Rounding out Buffett’s top five are Kraft Heinz (KHC) and Coca-Cola (KO) , two stocks which Buffett has shown a lot of patience with. 

    Lightning Round

    In the Lightning Round, Cramer was bullish on PayPal (PYPL) , Wyndham Worldwide (WYN) , Churchill Downs (CHDN) , Devon Energy (DVN) , Discovery Communications (DISCA) and Cypress Semiconductor (CY) .

  • [By Shane Hupp]

    Gamco Investors INC. ET AL decreased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,395 shares of the company’s stock after selling 7,807 shares during the period. Gamco Investors INC. ET AL’s holdings in Kraft Heinz were worth $24,507,000 as of its most recent SEC filing.

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