Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. Home / Today’s Market / Casino Stocks: The Macau Arrest News That Has MGM, WYNN, LVS and MLCO on Red Today Alvin Chau is facing allegations from local authorities By William White, InvestorPlace Writer Nov 29, 2021, 10:48 am…

The rapid legalization of sports gambling in the United States since 2018 has opened the door for many opportunities. And not just for “sharps,” and “wannabe sharp” sports bettors. In fact, given that success in beating the spread is easier said than done, what might be your best bet? Investing in several of the publicly-traded…

Backed by billionaire Bill Ackman, Pershing Square Tontine (NYSE:PSTH) may have been one of the hottest special purpose acquisition companies (SPACs) earlier this year. However, after what played out last month, that’s certainly no longer the case. As fellow InvestorPlace contributor Ian Bezek recently wrote, this name’s deal to purchase a stake in Universal Music…

The S&P 500 climbed 23 basis points on Monday, helping it to avoid its sixth-straight daily decline. Bulls couldn’t muster up much more strength, though, as the index fell again on Tuesday — hitting its lowest level in almost a month. That said, let’s look at a few top stock trades for Wednesday. Top Stock…

When I wrote about DraftLings (NASDAQ:DKNG) on March 12, I focused on the many risks present in the business as described by them in their SEC filings. Since then, DKNG stock has lost about 15% of its value while the Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) is off 1.2%. Source: Lori Butcher/Shutterstock.com Those risks haven’t…

Carnival (NYSE:CCL) is a buy right here, right now. So says the price chart and the sentiment surrounding reopening plays. In case you missed it, there was a not-so-subtle shift last week in areas most affected by the pandemic. Buyers swarmed to finally put a bottom in casinos, cruise lines and airline companies. CCL stock…

Source: Seksun Guntanid/shutterstock.com Reopening stocks have been struggling in recent months. The Covid-19 delta variant has held buyers at bay and caused many shareholders to second-guess their bullish thesis. Industries from casinos and cruises to airlines and ride-sharing have seen their share prices tumble more than 30% from their 2021 peaks. Many were grossly oversold…

The recent stock snapback was a sight to behold. Small-caps led the charge, ending up more than 3%. The surge was particularly impressive in the most beaten-down names, such as the reopening plays. Unfortunately for many charts, the rebound could turn into a dead-cat bounce, making them prime stocks to sell into the strength. And…