Las Vegas Sands' Latest Results: A Window of Opportunity for Competitors
Las Vegas Sands' Loss Could Be MGM and Wynn's Gain
Las Vegas Sands' results weren't what the market expected, but that may be okay for competitors. Disappointing results from Las Vegas Sands (NYSE: LVS) sent the stock sharply lower on Thursday, but the results were more of an indication of what part of the market is growing and what isn't. What investors should take away is that MGM Resorts (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) are set up for a great quarter.
Should you invest $1,000 in Las Vegas Sands right now?
Before you buy stock in Las Vegas Sands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Las Vegas Sands wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Travis Hoium has positions in MGM Resorts International and Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.