The following four gambling stocks are likely to rebound in 2021 thanks to the upcoming dispersal of one or several coronavirus vaccines: Las Vegas Sands Corp (LVS), Caesars Entertainment Corporation (CZR), Penn National Gaming (PENN), and Boyd Gaming Corporation (BYD).
Las Vegas Sands Corp (LVS – Get Rating)Las Vegas has an egregiously high unemployment rate, few visitors, and a spike in crime. Though Sin City’s outlook looks quite dreary at the moment, the widespread use of an effective coronavirus vaccine could dramatically change the city’s fate. LVS has several properties throughout Las Vegas including the Las Vegas Expo and Convention Center. The company also owns properties in other countries including Macao.
LVS’s POWR Ratings are highlighted by a “B” Trade Grade component. The stock is ranked 12th of 22 stocks in the Entertainment – Casinos/Gambling category. The only question is how long it will take for people to feel comfortable walking through a crowded casino. If that time comes this spring, LVS could easily hit its pre-virus trading level of $70 to $75.
Furthermore, there is a chance LVS will sell some of its properties to pay off its nearly $14 billion debt load. If LVS uses the proceeds to enter the Japanese market, the stock should pop.
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