Casino stocks happen hitting the jackpot en masse on Wall Street and international exchanges over the past year. The industry is outpacing the tech world, a surprising reality provided the general social adoration of all things technology vs. gaming’s sometimes vilified status.
Steve Wynn’s company is living as much as their name, as you of three US casino shares on a winning that is significant as of late.
The Dow Jones United States Gambling Index (INDEXDJX: DJUSCA) is up 22.2 percent in 2017, tripling the development of the Dow Jones Industrial Average and topping the Dow’s technology index’s 21.5 percent increase. The DJUSCA consists of Las Vegas Sands, MGM Resorts, and Wynn Resorts.
Collectively, those three gaming companies are outpacing the tech index that is composite which is much larger and consists of over 120 companies. The latter embodies a number of the most iconic companies into the globe, including Google, Apple, Dell, eBay, Intel, and Oracle.
An investment in Sands, MGM, and Wynn is worth more than putting an equivalent amount into technology stocks, showcasing the sizzling hot streak video gaming is enjoying in 2017.
Sands is up 16 percent this while MGM has climbed 12 percent, and Wynn is soaring up 54 percent year.
But, it’s well worth noting the casino stocks are outperforming tech simply since the beginning of January 2017. Dating back to of 2016, the tech index is up 36.5 p Read More