Shares of casino operators with ties to Macau were sent lower after news surfaced recently that hotels on the tiny Chinese island of Hainan might begin offering low-stakes baccarat.
Where blackjack and poker are the preferred card games in Western casinos, baccarat is the favorite among China's VIP gamblers. And because Macau is the only place in China where gaming is legal, some believe that allowing it anywhere else will siphon off high rollers, which will hurt casino companies like Las Vegas Sands (NYSE:LVS), Melco Resorts & Entertainment (NASDAQ:MLCO), and Wynn Resorts (NASDAQ:WYNN), which all derive the bulk of their revenue from Macau.
But the fears look to be overblown because any low-stakes games on Hainan wouldn't be attractive to the VIPs the casinos count on, and the volume of gaming would likely be a tiny fraction of the $32 billion Macau generated last year.
Sanya City in Dadonghai Bay on Hainan, often called "China's Hawaii." Image source: Getty Images.
Hot Casino Stocks To Invest In Right Now: Arista Networks, Inc.(ANET)
Advisors' Opinion:- [By Matthew Cochrane]
What drove this increase in sales? The company seems to have finally figured out that it needs to continue innovating its router and switching products, or else smaller competitors, such as Arista Networks Inc (NYSE:ANET), will eat its lunch and steal market share. On this front, Cisco looks like it is delivering. In the company's second-quarter conference call, CEO Chuck Robbins talked about the successful launch of the company's new switching platform, the Catalyst 9000:
- [By Billy Duberstein]
Data center switching upstart Arista Networks (NYSE:ANET) is more open-source; incumbent switch maker Cisco (NASDAQ:CSCO), perhaps due to its front-runner status as a legacy business from the 1990s, has stayed more "closed."
- [By Shane Hupp]
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Arista Networks Inc (NYSE:ANET) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,358 shares of the technology company’s stock after selling 4,582 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Arista Networks were worth $9,282,000 at the end of the most recent quarter.
- [By Dan Caplinger]
Tuesday continued the stock market's upward momentum, with major benchmarks all posting solid gains and the tech-heavy Nasdaq Composite seeing an especially substantial advance. Earnings helped to lead the indexes higher, with good reports from several sectors of the market helping to build enthusiasm among investors that 2018 could extend the current bull run to a full decade even with the recent correction. Story stocks did particularly well, and Twitter (NYSE:TWTR), Shopify (NYSE:SHOP), and Arista Networks (NYSE:ANET) were among the best performers on the day. Here's why they did so well.
Hot Casino Stocks To Invest In Right Now: WPX Energy, Inc.(WPX)
Advisors' Opinion:- [By Shane Hupp]
US Capital Advisors initiated coverage on shares of WPX Energy (NYSE:WPX) in a research note issued to investors on Monday. The firm issued a buy rating on the oil and gas producer’s stock.
- [By Joseph Griffin]
WPX Energy (NYSE:WPX) had its price target lifted by Stifel Nicolaus from $27.00 to $28.00 in a research note issued to investors on Wednesday. They currently have a buy rating on the oil and gas producer’s stock.
- [By Shane Hupp]
Hodges Capital Management Inc. lowered its stake in shares of WPX Energy (NYSE:WPX) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,818 shares of the oil and gas producer’s stock after selling 17,025 shares during the period. WPX Energy accounts for about 1.2% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Hodges Capital Management Inc. owned about 0.26% of WPX Energy worth $15,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Max Byerly]
Southwestern Energy (NYSE: SWN) and WPX Energy (NYSE:WPX) are both mid-cap oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.
Hot Casino Stocks To Invest In Right Now: KNOT Offshore Partners LP(KNOP)
Advisors' Opinion:- [By Logan Wallace]
Carnival Cruise Line (NYSE: CCL) and KNOT Offshore Partners (NYSE:KNOP) are both consumer discretionary companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, profitability, risk, analyst recommendations, institutional ownership, dividends and earnings.
- [By Max Byerly]
ValuEngine downgraded shares of KNOT Offshore Partners (NYSE:KNOP) from a hold rating to a sell rating in a research note issued to investors on Monday.
- [By Ethan Ryder]
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Hot Casino Stocks To Invest In Right Now: Provident Financial Holdings, Inc.(PROV)
Advisors' Opinion:- [By Max Byerly]
News articles about Provident Financial (NASDAQ:PROV) have been trending somewhat negative this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Provident Financial earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.9215692366566 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
- [By Logan Wallace]
Charter Financial (NASDAQ: CHFN) and Provident Financial (NASDAQ:PROV) are both small-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.
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