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Gambling stocks: These two may have hit bottom, traders say

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MGM Resorts and Las Vegas Sands may have bottomed: traders say. $MGM $LVS (via TradingNation)

Las Vegas Sands "stands the best chance to rise from the rubble at this point. Yes, absolutely Macao's gaming has just come to a complete standstill. But that's not the first time in that region for people to be dealing with a pandemic.

Craig Johnson, chief market technician at Piper Sandler, has his eye on a different casino stock as best positioned to bounce back.

 

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TradingNation 'Strategists' may want to reevaluate, Lost Vegas and perhaps Macau are done. they might as well go ahead and stick the proverbial fork in them.

TradingNation Not even close

TradingNation 🤣

TradingNation FRO you permabullshitting charlatans Casinos are SCREWED - they will never get back to normal - the world has changed - and some casinos are going to go BUST and even the largest/better managed will STRUGGLE for YEARS

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Stocks are in little danger of retesting the March low, top strategist Art Hogan saysNational Securities' Art Hogan believes the consensus view that markets will stage another sharp pullback is wrong. TradingNation they won't retest.....they're going to blast right through the lows. TradingNation GavPotts 👀 TradingNation is losing hope for the end of the economy.
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