Today, the Motley Fool's Consumer Goods Analyst Isaac Pino, and Motley Fool contributor Matt Thalman discuss one sock to sell today.
Shares of Caesars Entertainment (NASDAQ:CZR) are up more than 56% in just the last month. The likely culprit for the massive run-up is the increased attention the company has received due to the legalization of gambling online in certain states over the past few months.
While Caesars could possibly see increased revenue from online gambling, the company has a massive pile of debt, and limited growth options besides online.
Some of the casinos that have also aligned themselves to benefit from online gambling, but have better growth opportunities than Caesars, are MGM Resorts International (NYSE:MGM) and WYNN Resorts (NASDAQ:WYNN). One casino which hasn't laid any bets on the Internet, but still has solid growth ahead of itself, is Las Vegas Sands (NYSE:LVS).
More foolish insight
Fool contributor Matt Thalman owns shares of MGM Resorts International and Las Vegas Sands.. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Las Vegas’ Big Month Is a One-Time Event
The Mayweather vs. McGregor fight was the story in Las Vegas in August, but it wasn't the sports book that benefited the most.
Why Caesars Entertainment Corp's Shares Popped 15% in September
Bankruptcy may finally be in the rear view for Caesars Entertainment.
Why Caesars Entertainment Corp's Shares Plunged 13% in December
A reorganization moved closer to reality last month, and that had investors buying shares, but the stock bump may not last.