It's said the odds always favor the house, which is why investing in casino stocks may not be a bad bet. And where you were once limited to gaming companies that had resorts in either Las Vegas or Atlantic City, changes to the industry over the years have opened the world to investors.
From Macau to Australia, Singapore to the soon-to-open Japanese casino market, gaming companies have extended their reach to far corners of the globe. But don't neglect the smaller domestic markets either. Regional casino players have flourished as states have legalized gambling making gaming companies a rich universe of stocks to choose from.
So let's look at some of the segments within the casino industry and explore a few things investors should look for when picking an investment in this industry.
Image source: Getty Images.
Top 10 Casino Stocks To Own Right Now: Watsco, Inc.(WSO.B)
Advisors' Opinion:- [By Shane Hupp]
Watsco Inc Class B (NYSE:WSO.B) declared a quarterly dividend on Monday, July 2nd, NASDAQ reports. Stockholders of record on Tuesday, July 17th will be given a dividend of 1.45 per share by the construction company on Tuesday, July 31st. This represents a $5.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, July 16th.
Top 10 Casino Stocks To Own Right Now: Fortinet, Inc.(FTNT)
Advisors' Opinion:- [By Ethan Ryder]
Shares of Fortinet Inc (NASDAQ:FTNT) reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $61.16 and last traded at $60.96, with a volume of 30805 shares traded. The stock had previously closed at $60.35.
- [By Chris Lange]
Fortinet Inc.'s (NASDAQ: FTNT) short interest decreased to 6.33 million shares from the previous 7.08 million. Shares were trading at $74.55. The 52-week range is $35.44 to $75.64.
- [By Chris Lange]
Fortinet Inc.'s (NASDAQ: FTNT) short interest decreased to 6.38 million shares from the previous 6.72 million. Shares were trading at $65.66. The 52-week range is $35.44 to $66.32.
- [By Keith Noonan]
Fortinet (NASDAQ:FTNT) stock climbed 10.2% in September, according to data provided by S&P Global Market Intelligence, benefiting from continued momentum following second-quarter results and third-quarter guidance in August, new product offerings, and favorable analysis from Gartner.
Top 10 Casino Stocks To Own Right Now: Gener8 Maritime, Inc.(GNRT)
Advisors' Opinion:- [By Ethan Ryder]
Star Bulk Carriers (NASDAQ: SBLK) and Gener8 Maritime (NYSE:GNRT) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their risk, analyst recommendations, institutional ownership, earnings, valuation, dividends and profitability.
- [By Ethan Ryder]
ILLEGAL ACTIVITY NOTICE: “General Maritime Co. (GNRT) Receives $8.50 Consensus Price Target from Analysts” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3361904/general-maritime-co-gnrt-receives-8-50-consensus-price-target-from-analysts.html.
- [By Ethan Ryder]
Navios Maritime Acquisition (NYSE: GNRT) and Gener8 Maritime (NYSE:GNRT) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, valuation, earnings, risk and dividends.
Top 10 Casino Stocks To Own Right Now: Phillips 66 Partners LP(PSXP)
Advisors' Opinion:- [By Dustin Parrett]
Phillips 66 Partners (NYSE: PSXP) just entered the Money Morning VQScore
"Buy Zone," making it one of the best stocks to buy right now.And the timing couldn't be better…
- [By Matthew DiLallo]
The best dividend growth stocks have long histories of increasing their dividends once each year. However, a small handful of companies do even better than that by raising their payouts every single quarter like clockwork. Three such income-growth gems are Enterprise Products Partners (NYSE:EPD), Phillips 66 Partners (NYSE:PSXP), and Noble Midstream Partners (NYSE:NBLX).
- [By Reuben Gregg Brewer]
In the roughly five years since Phillips 66 Partners LP (NYSE:PSXP) has been publicly traded, its enterprise value has increased dramatically, going from around $2.5 billion to nearly $9.5 billion. But things are changing and the midstream partnership's future growth isn't likely to look like its past growth. Here are three challenges facing high-yielding Phillips 66 Partners as it looks to move into a new stage of its corporate life.
- [By Reuben Gregg Brewer]
The giants in the midstream pipeline sector are bellwether Kinder Morgan, Inc. (NYSE:KMI) and limited partnership Enterprise Products Partners LP (NYSE:EPD). However, relatively tiny Phillips 66 Partners (NYSE:PSXP) and its 5.6% yield may be the better deal for investors today. Here's why.
- [By Tyler Crowe]
Data source: Enbridge.
The highlights Enbridge closed all of the outstanding deals for its subsidiary partnerships, making it a single entity. Management announced it had secured three new major capital projects that will add CA$1.8 billion to its project backlog. These include the Gray Oak pipeline, a joint venture with Phillips 66 Partners (NYSE:PSXP) and Marathon Petroleum (NYSE:MPC), and several expansions of its gas transmission in the Gulf Coast region. It's flagship project -- the Line 3 replacement -- got over a few more regulatory hurdles that allowed it to start the federal and Minnesota state permitting process. With construction ongoing in Canada, it expects to complete both the Canadian and U.S. portion of the line in the second half of 2019. The board of directors approved a 10% increase to its dividend in 2019 and anticipates another 10% increase in 2020. Management is projecting a 5% to 7% increase in distributable cash flow per share beyond 2020. In January after the end of the fourth quarter, financial rating agency Moody's upgraded Enbridge's senior unsecured debt. Management projects that net debt to adjusted EBITDA will be around 4.5 times for 2019 and lower for 2020.Image source: Getty Images.
Top 10 Casino Stocks To Own Right Now: Compass Minerals Intl Inc(CMP)
Advisors' Opinion:- [By Dan Caplinger]
Few people look forward to winter more than investors in seasonal businesses that do a lot of business during the cold-weather months, and Compass Minerals International (NYSE:CMP) falls squarely into that category. With so much of its business coming from state and municipal governments treating roads and other surfaces with salt and anti-icing products, Compass often sees a lot of its success come during this part of the year.
- [By Ethan Ryder]
Compass Minerals International (NYSE:CMP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
- [By Max Byerly]
Several brokerages have weighed in on CMP. Zacks Investment Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Monness Crespi & Hardt dropped their price objective on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 2nd. BMO Capital Markets dropped their price objective on Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group raised Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.34.
WARNING: “Compass Minerals International, Inc. (CMP) Shares Sold by Kovack Advisors Inc.” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/4151975/compass-minerals-international-inc-cmp-shares-sold-by-kovack-advisors-inc.html.About Compass Minerals International
- [By Reuben Gregg Brewer]
Compass Minerals International, Inc. (NYSE:CMP) is often listed as a miner, but the salt and fertilizer it produces are a bit different than what most investors think of when they hear the word "miner." That makes Compass something of an odd duck and results in it being off of most investors' radar screens. A tough 2017 is another net negative. That's a shame, since it currently sports a yield of more than 4.4%, and the business outlook is improving. Here's what investors are missing out on with this high-yield stock.
Top 10 Casino Stocks To Own Right Now: Lennar Corporation(LEN.B)
Advisors' Opinion:- [By Ethan Ryder]
ValuEngine lowered shares of Lennar Co. Class B (NYSE:LEN.B) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.
Top 10 Casino Stocks To Own Right Now: Silicom Ltd(SILC)
Advisors' Opinion:- [By Logan Wallace]
News articles about Silicom (NASDAQ:SILC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silicom earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.5737469373647 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
- [By ]
Finally, Cramer said that Silicom (SILC) is an interesting concept with real earnings, and an attractive valuation at just 18 times earnings. However, the company is small, which mean investors need to be careful.
- [By Joseph Griffin]
F5 Networks (NASDAQ: FFIV) and Silicom (NASDAQ:SILC) are both computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.
Top 10 Casino Stocks To Own Right Now: Sirius XM Radio Inc.(SIRI)
Advisors' Opinion:- [By Rick Munarriz]
The disruptor doesn't always win over the disrupted. Critics have been knocking Sirius XM Holdings (NASDAQ:SIRI) for years, calling the premium satellite-radio platform a transitory technology. Bears argue that folks paying for satellite radio now will eventually figure out that smartphones seamlessly paired up with their connected cars will deliver a wider realm of high-end audio entertainment for a lot less than their monthly Sirius XM ransoms.
- [By Mac Greer]
Apple (NASDAQ:AAPL) reported on its fiscal fourth quarter on Wednesday, and while revenue and operating profits were down, it did beat its outlook. Unsurprisingly, CEO Tim Cook pointed to China's economic slowdown and Washington's trade war as the causes of lower iPhone sales, but on the earnings call, he also talked through a bigger-picture evolutionary story that could generate some optimism about the company and the stock. Elsewhere in the investing world, satellite radio monopoly Sirius XM (NASDAQ:SIRI) reported a quarter of record revenue -- but that company, too, is more focused on what's ahead.
- [By Rick Munarriz]
Two of the hottest media distributor stocks in recent years are joining forces for a comedy radio channel. Sirius XM Holdings (NASDAQ:SIRI) announced on Wednesday that it will be teaming up with Netflix (NASDAQ:NFLX) for an exclusive satellite radio channel that will feature content from the streaming video service's growing catalog of stand-up comedy.
- [By Jon C. Ogg]
Sirius XM Holdings Inc. (NASDAQ: SIRI) is a company that thrives on of new car sales. If you have had satellite radio and are not solely reliant on what you get for music in streaming or your library, then chances are pretty good that you won’t want to go back to just having old-fashioned FM/AM radio.
- [By Jim Crumly]
Two merger situations that have been the subject of discussion for months were in the news today, with Comcast (NASDAQ:CMCSA) winning an auction for Sky and Sirius XM Radio (NASDAQ:SIRI) and Pandora Media (NYSE:P) agreeing to a merger.
- [By Money Morning News Team]
Or look at Sirius XM Holdings Inc. (NASDAQ: SIRI). It traded for just $0.70 in 2010. Now it's worth $5.90 a share, an incredible 778% surge.
Those are the sorts of potential gains the top penny stocks offer, and you wouldn't have to trade sketchy shell companies on pink sheets to access those gains either.
Top 10 Casino Stocks To Own Right Now: First Trust Energy Income and Growth Fund(FEN)
Advisors' Opinion:- [By Max Byerly]
First Trust Energy Income & Growth Fund (NYSEAMERICAN:FEN) was the target of a significant growth in short interest during the month of September. As of September 28th, there was short interest totalling 48,349 shares, a growth of 530.7% from the September 14th total of 7,666 shares. Based on an average daily volume of 77,969 shares, the days-to-cover ratio is presently 0.6 days.
- [By Shane Hupp]
Shares of Frenkel Topping Group Plc (LON:FEN) hit a new 52-week low during mid-day trading on Wednesday after FinnCap lowered their price target on the stock from GBX 65 to GBX 45. FinnCap currently has a corporate rating on the stock. Frenkel Topping Group traded as low as GBX 35 ($0.47) and last traded at GBX 37 ($0.49), with a volume of 388157 shares trading hands. The stock had previously closed at GBX 46.80 ($0.62).
Top 10 Casino Stocks To Own Right Now: Bridgford Foods Corporation(BRID)
Advisors' Opinion:- [By Max Byerly]
Headlines about Bridgford Foods (NASDAQ:BRID) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bridgford Foods earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8333900378921 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
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