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NYSE:LVS
This summary was created by AI, based on 2 opinions in the last 12 months.
Las Vegas Sands Corp. (LVS-N) has recently faced significant challenges, highlighted by a disappointing performance in January where the stock dropped by 19%. The company's quarterly report, released last Wednesday, revealed weakened operations in Macau alongside elevated spending, further impacting investor confidence. While the casino operator has made strides in Asia by divesting its Vegas assets to focus on its five casinos in Macau and one in Singapore, the results have raised concerns. Despite reporting stronger top and bottom lines, the stock was adversely affected due to underwhelming margins in the key Macau market, signaling potential difficulties ahead. The sentiments from experts reflect a broader skepticism towards the gambling industry as a whole, with negativity clouding future prospects.
He prefers Wynn Resorts (very well-run), but both will benefit from a Biden presidency and warmer US relations with China.
Feels consumer traffic is lower than before and remains low for the time being. He is still a little bit cautious on owning this. He would like to own it at some point just because of the real estate they own and that they are in one of the highest growth areas in the world. Trading at about 18X forward earnings, with a growth rate that should pick up. We’ll have to see about the economy in China. This is a high beta stock if you are trying to buy volatility.
Like all casino stocks, this is pretty volatile, but they can be great trading vehicles. The trick is to watch for the bottom formations. Whenever you are looking at a stock like this, you wait for a pullback, and then a base, and a break out. This has not started to do that yet. He would not buy this until it starts to move up.