In the course of a week, the New York Stock Exchange said it would delist a trio of Chinese companies, then that it wouldn’t and then that it would, stoking confusion among investors globally. China Stocks, Casino Stocks Rise. Wynn Resorts stock rose 3.7% in the stock market today.The advance put shares above their 50-day line.Still, Wynn stock has a mediocre 48 Composite Rating out of Investors were all-in on casino stocks Wednesday, but one market watcher says these China-exposed stocks look like a "value trap" here. I will make an exception, though, and it is in an unlikely place -- casino stocks. There are two reasons for that. The first is that, as compared to some of the other high-risk industries, most The public’s pent-up demand for travel and a potential for better US-China relations point to a “huge year” for casino stocks in 2021, according to CNBC’s CNBC's Jim Cramer says pent-up Macau Stocks: Gambling on the Future of China's Casino Mecca From Las Vegas to Macau, companies such as Sands, Wynn, and MGM have made aggressive bets on this small island off the coast of China. Casino Stocks: Final Thoughts. The casino industry may have struggled this year, but you shouldn’t write it off. In fact, now just might be the right time to invest. If you’re looking for even more great casino and gaming stocks to invest in, check out Trade Ideas Software! As things stand, the casino industry isn’t really doing all that well. The COVID-19 crisis and the ensuing economic downturn has taken its toll on casino stocks as well. The major American casinos depend heavily on Macau.. It is the largest gaming market on the planet, and the only place in China where casinos are […] Market Has 'Overly Penalized' Casino Stock Valuation on China Negatively . In a note to clients on Thursday, Bernstein's Vitaly Umansky initiated coverage on four of the largest U.S. gambling Macao's Casino Stocks Still Have a Lot to Lose As Coronavirus Spreads A two-week shutdown may just be the start for Macao's casino companies.
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