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Best Casino Stocks To Follow Today - October 17th

DraftKings logo with Consumer Discretionary background

Key Points

  • DraftKings, MGM Resorts International, and PENN Entertainment are the top casino stocks to watch today, noted for their high trading volumes.
  • DraftKings is described as the most oversold it has ever been, suggesting potential buying opportunities for investors.
  • PENN Entertainment operates integrated entertainment and online sports betting across various brands, indicating its diverse market presence in the gambling sector.
  • Interested in DraftKings? Here are five stocks we like better.

DraftKings, MGM Resorts International, and PENN Entertainment are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of companies that own or operate casinos, resorts, and other gambling-related businesses, including brick-and-mortar gaming properties and online gaming platforms. For investors, they provide exposure to the gambling and hospitality sector, which is typically cyclical and sensitive to consumer spending, regulation, tourism, and economic conditions, often leading to higher volatility than defensive sectors. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

Read Our Latest Research Report on DKNG

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

Read Our Latest Research Report on MGM

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Read Our Latest Research Report on PENN

Featured Stories

Should You Invest $1,000 in DraftKings Right Now?

Before you consider DraftKings, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DraftKings wasn't on the list.

While DraftKings currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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