Hedgeye CEO Keith McCullough is adding Las Vegas Sands (LVS) to the long side of Investing Ideas. Below is a brief note.
Another stock that Gaming, Lodging, and Leisure analyst Todd Jordan likes (that also agrees with our Long China Consumer, CHIQ, Macro Team's view) is Las Vegas Sands (LVS).
Here's an excerpt from his Institutional Research notes on the name this week:
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A full recovery may take some time, but we think Macau is at least at a positive pivot toward recovery. While we actually took down our forward market revs a bit following 3 weeks of escalation (yes we got carried away), we remain positive on the stocks given the 2nd derivative, muted investment sentiment, and low valuations. LVS remains our top idea in Macau but we also like WYNN which resides in our positive/long bias category. |
Buy more on corrections,
KM
