Casino Stocks To Buy Now

Casino Stocks To Buy Now Average ratng: 6,4/10 2472 reviews
By Luke Lango

Casino Stocks To Buy Now

Gambling

Gambling Stocks To Buy Now

Casino landlord GLP is recovering well from the ravages of the pandemic. Stocks of all the major U.S. Casino operators jumped on Thursday: Penn National Gaming soared 14%, MGM 7%, Wynn 2% and Las Vegas Sands 1%. In the last week alone, MGM is up 33%, Wynn 23%, Penn 17%.

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Casino Stocks To Buy Right Now

Activision (NASDAQ:ATVI) Take-Two (NASDAQ:TTWO) Electronic Arts (NASDAQ:EA) Nintendo (OTCMKTS:NTDOY) Zynga (NASDAQ:ZNGA) To no one's surprise, video game stocks are on fire right now. The novel coronavirus pandemic has forced everyone inside, and bored consumers starving for at-home entertainment are spending more time (and money) on video games. All of the best video game stocks I follow are up more than 5% year-to-date. The S&P 500, in contrast, is down 13% in 2020. This early 2020 strength in video game stocks is more than a near-term phenomena. It's the beginning of a multi-year run higher thanks to a rush of technological breakthroughs that will dramatically improve the industry's growth prospects in the early 2020s. Those breakthroughs include: 5G. Thanks to this new wave of wireless connectivity, video games -- especially video game streaming services -- will be faster than ever before, with almost no lag and significantly improved graphics. Artificial and virtual reality. Dramatic improvements in AR/VR technology, thanks mostly to 5G deployment, will enable every console and mobile game to include AR/VR capability of some sort. Cloud gaming. Also thanks to 5G, there will be huge breakthroughs in the ability for consumers to simply stream games from the cloud, without the need for hardware, or any installation, or any cables. Together, over the next few years, these technological breakthroughs will: 1) increase the number of consumers interested in gaming, 2) increase the amount of time consumers spend gaming, and 3) increase how much revenue and profit video game companies earn from gamers. All of that means that video game stocks can and will head higher over the next three to five years. As such, if you're looking for stocks to buy for big gains in the early 2020s, consider the best video game stocks:

Casino Stocks To Buy Now

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