Casinos & Gaming

We’ve now entered earnings season. Las Vegas Sands (NYSE: LVS) misses the headline numbers, but looking a bit deeper, it was a great quarter. Starbucks (NASDAQ: SBUX) misses badly. DKI thinks they’re focused on too many things that don’t affect the customer experience. Paul Tudor...

We hit earnings season and with the Magnificent 7 priced for perfection, it was going to take “perfect” earnings reports to keep the market from falling. $GOOG (NASDAQ: GOOG) and $TSLA (NASDAQ: TSLA) showed some weakness and for the second straight week, tech leads the stock market...

The Opposite Day Issue This week, economic data decided to pull a George Costanza and do the opposite of everything it has been doing. DKI has highlighted the trend of inconsistent data in recent months, and this week, many of those inconsistent trends reversed. Confusing? Don’t worry, we...

The Smart People Doing Smart Things Issue Ok – kind of a quirky title, but a lot of smart people were saying smart things in public this week. Peter Schiff made an excellent point in favor of property rights including for Bitcoin which he hates. Moody’s is late, but correct on a...

It was a big week for spending. The consumer bought huge amounts of holiday gifts. (For my fellow Michiganders, the consumer did get much on sale because they require big savings.) The government bought a big positive revised GDP print. And Sheldon Adelson’s widow, Miriam, bought most of a...

The Freedom Issue While Americans are focused on our own coming (and just passed) elections, Argentina had a monumental event. Using national ID and paper ballots, they were able to get votes counted the same night and found that a small-government capitalist in favor of sound money had won a huge...

The Bond Vigilantes Issue Fed Chairman, Powell, implied the Fed was done raising the fed funds rate for now partly because longer-term yields were rising. Excessive Congressional spending is now driving inflation and higher Treasury yields instead of actions by the Federal Reserve. Politicians in...

Las Vegas Sands Corp. (NYSE: LVS) shares are trading higher in Wednesday’s after-hours session after the company reported better-than-expected third-quarter financial results. What To Know: The company reported quarterly earnings of 55 cents per share, which beat the analyst...

The Shutdown Isn’t An Issue Issue Lots of interesting news this week where we address these important questions: Is the coming government shutdown a real problem or just theater? Counter-intuitive inflation:  Is there anything the Federal Reserve can do? New home sales plummeting...

Chances of MGM Resorts International (NYSE: MGM) to win two of the three coveted full-scale casino licenses in New York city has reportedly become complicated after an alleged bookmaking scandal that's unfolding in Las Vegas. MGM Grand and Resorts World, operators, respectively, of...

Are we inching closer to the elusive “soft landing”? An increasing share of global fund managers sees it as the most likely outcome over the next 12 months: Market Prices as of 4 pm EST, 7/18/23 Macro Here are some highlights from BofA’s latest Global Fund Manager Survey:...

The U.S. stock market has weakened throughout Tuesday’s trading session and the major indices were sitting near session lows heading into the closing bell. The price action in the SPDR S&P 500 ETF (NYSE: SPY) has dragged the broad index below a 10-day trading range and could be a...

The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock...

U.S. stocks traded lower, with the Dow Jones dropping around 100 points on Thursday. Here are some big stocks recording gains in today’s session. Studio City International Holdings Limited (NYSE: MSC) shares rose 20% to $9.20. XPO, Inc. (NYSE: XPO) climbed 15.4% to $39.92 as the company said...

Las Vegas Sands Corp (NYSE: LVS) reported better-than-expected first-quarter results. Las Vegas Sands reported first-quarter revenue of $2.12 billion, which beat average analyst estimates of $1.82 billion. The company reported quarterly earnings of 28 cents per share, which beat estimates of 18...