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Promising Casino Stocks To Follow Now - October 10th

DraftKings logo with Consumer Discretionary background

Key Points

  • DraftKings, MGM Resorts International, and PENN Entertainment are highlighted as the top casino stocks to monitor due to their high trading volumes and performance linked to consumer spending and gaming regulations.
  • DraftKings is noted as being the most oversold it has ever been, which could present a buying opportunity for investors.
  • MGM Resorts operates casino and hotel resorts globally, emphasizing a diverse range of services including gaming and entertainment, while PENN Entertainment integrates sports content with casino gaming across multiple regions.
  • MarketBeat previews top five stocks to own in November.

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 publicly traded companies whose primary business is operating casinos, resorts and other gaming venues. Their performance tends to be closely tied to consumer spending on gambling, tourism trends and changes in gaming regulation. Because revenues can swing sharply with economic cycles and discretionary‐spending patterns, casino stocks are often viewed as more cyclical—and sometimes more speculative—than utilities or consumer staples. 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

Read More

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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