Casino shares were hitting the jackpot en masse on Wall Street and international exchanges over the very last year. The industry is outpacing the tech world, a surprising reality given the general cultural adoration of all things technology vs. gaming’s sometimes vilified status.
Steve Wynn’s business is living up to his name, as one of three United States casino stocks on a significant winning streak as of late.
The Dow Jones US Gambling Index (INDEXDJX: DJUSCA) is up 22.2 percent in 2017, tripling the development of the Dow Jones Industrial Average and topping the Dow’s technology index’s 21.5 percent increase. The DJUSCA consists of Las Vegas Sands, MGM Resorts, and Wynn Resorts.
Collectively, those three gaming companies are outpacing the tech composite index, which is much larger and consists of over 120 companies. The latter embodies some of the many iconic companies in the globe, including Google, Apple, Dell, eBay, Intel, and Oracle.
An investment in Sands, MGM, and Wynn will be worth more than putting an equivalent amount into tech stocks, showcasing the sizzling hot streak gaming is enjoying in 2017.
Sands is up 16 percent this year, while MGM has climbed 12 %, and Wynn is soaring up 54 %.
Nevertheless, it’s well worth noting the casino stocks are outperforming technology just since the commencement of January 2017. Dating back again to of 2016, the tech index is up 36.5 percent, to Continue reading “Casino Stocks Outsmart Tech in 2017, Analysts Love Top Three Video Gaming Operators”