Hedgeye CEO Keith McCullough is adding Las Vegas Sands (LVS) to the long side of Investing Ideas. Below is a brief note.
Top down, Chinese Equity Volatility looks nothing like #NazVol in the QQQ...
Bottom up, Gaming, Lodging and Leisure (GLL) analyst Todd Jordan is making a big pivot call on Macau and Las Vegas Sands (LVS) this morning. He walked through the idea for subscribers on The Call @Hedgeye and here's an excerpt from his Institutional Research note from this morning as well:
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Takeaway: A less traveled way to play the Macau recovery w/Singapore next on the list. LT, LVS may be the best positioned casino company in the world HEDGEYE EDGE We’re adding LVS to the Hedgeye Best Idea list on the long side and encourage investors to take the road less traveled not only for the recovery trade but also to buy into possibly the best long term story in gaming. There is little doubt that Macau is finally in recovery mode. While down a ton from last September, this month should show some sequential progress and we’re expecting an even bigger jump in October. |
Buying it on sale,
KM
