Investing in the best gambling company stocks is one of the top back-to-normal trades in the market right now…
About six or seven months ago, once we found out vaccines would begin rolling out to the masses, I started talking about the “COVID X” pattern we would see.
Basically, as more and more vaccines roll out, the upward slant of the X, the more we would see cases fall, the downward slope of the X.
This is bullish for our economy here in the U.S. And that’s when we shifted focus from the stay-at-home stocks that dominated 2020 to the back-to-normal names — like the best gambling company stocks.
We know people love to gamble. We know people love Las Vegas — it’s like Disney World for adults. But it’s not just Vegas…
It’s Macau, it’s Atlantic City, it’s gambling boats up and down the Mississippi River, so on and so forth. Face-to-face gambling is coming back in a big, big way. So you should have the best gambling company stocks on your radar…
The first name from the best gambling company stocks on my list is Wynn Resorts Ltd. (Nasdaq: WYNN). As I said, gambling stocks are coming back to life, and you don’t have to take my word for it. Just look at the chart…
In March of 2020, WYNN was at $35 a share. It hit a high of $143 in March 2021 before pulling back and digesting that big move up. A breakout above $137.43 is a buy signal for WYNN and as long as it stays above the $119-$120 area, it’s going sideways or higher.
If it breaks below that level, that negates the pattern it’s been in and we’d have to revisit down the road.
Check out my short video and let’s discuss the next two best gambling company stocks to buy now, and let me know what you think in the comments below.
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