Casino shares have now been striking the jackpot en masse on Wall Street and international exchanges over the final 12 months. The industry is outpacing the tech world, a surprising reality given the general social adoration of all things technology vs. video gaming’s sometimes status that is vilified.
Steve Wynn’s business is living up to his name, as you 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 technology composite index, which is much larger and consists of over 120 companies. The latter embodies a number of the many iconic companies into the globe, including Google, Apple, Dell, eBay, Intel, and Oracle.
An investment in Sands, MGM, and Wynn would be worth more than putting an amount that is equivalent technology stocks, showcasing the sizzling hot streak gaming is enjoying in 2017.
Sands is up 16 percent this while MGM has climbed 12 percent, and Wynn is soaring up 54 percent year.
But, it’s worth noting the casino stocks are outperforming tech simply since the start of 2017 january. Dating back again to June of 2016, Læs videre “Casino Stocks Outsmart Tech in 2017, Analysts Love Top Three Video Gaming Operators”