Top 5 Casino Stocks To Buy Right Now


It looks like activist investor Bill Ackman is putting the proceeds from his Canadian Pacific (NYSE:CP) sale to work in a completely different space. Ackman’s Pershing Square Capital now has a 9.9% stake in Chipotle (NYSE:CMG). Ackman is now its second largest shareholder.

The writing was on the wall as well, where Ackman has gone out of his way to mention his love of CMG. Recall that Ackman told a story about a meeting with Valeant (NYSE:VRX) and Mike Pearson, where instead of eating the catered VRX food, he had Mike’s assistant fetch him a Chipotle burrito.


As we noted last month, CMG is a prime activist investor target, it was just a matter of time. However, much of the media and small research shops are taking Ackman to task, where it looks as if peak Bill Ackman is upon us. Much of the articles showing up on Seeking Alpha are negative. Ackman’s run in with Valeant and his battle with Carl Icahn over Herbalife (NYSE:HLF) has created a lot negativity aroun d the Pershing Square name.

Top 5 Casino Stocks To Buy Right Now: Xerox Corporation(XRX)


Advisors’ Opinion:

  • [By Ben Levisohn]

    Lee offers 22 stocks that could benefit from the correlation trade: Western Digital (WDC), Xerox (XRX), First Solar, Ford Motor, Best Buy (BBY), PulteGroup (PHM), AutoNation (AN), Textron (TXT), Jacobs Engineering Group (JEC), Mosaic, BB&T (BBT), Fifth Third Bancorp (FITB),Loews (L), Regions Financial (RF), KeyCorp (KEY), Comerica (CMA), Leucadia National (LUK), Zions Bancorp (ZION), Valero Energy (VLO), Marathon Oil, Cardinal Health (CAH), and Pepco Holdings (POM).

  • [By Monica Gerson]

    Breaking news

    Alphabet Inc (NASDAQ: GOOGL) reported stronger-than-expected results for its third quarter. The company also announced a $7 billion stock buyback plan. To read the full news, click here. Xerox Corp (NYSE: XRX) reported mixed results for the third quarter. While earnings came in line with the estimates, revenue fell shy. The company offered a soft outlook for the fourth quarter. To read the full news, click here. Amazon.com, Inc. (NASDAQ: AMZN) reported weaker-than-expected earnings for its third quarter on Thursday. To read the full news, click here. Hershey Co (NYSE: HSY) delivered better than expected earnings for the third quarter while sales came in line with estimates. The company boosted its EPS forecast for the full year. To read the full news, click here.

  • [By Monica Gerson]

    Xerox Corp (NYSE: XRX) is estimated to report its quarterly earnings at $0.23 per share on revenue of $4.24 billion.

    NXP Semiconductors NV (NASDAQ: NXPI) is expected to post its quarterly earnings at $1.09 per share on revenue of $2.21 billion.

  • [By Monica Gerson]

    Wall Street expects Xerox Corp (NYSE: XRX) to report its quarterly earnings at $0.23 per share on revenue of $4.24 billion. Xerox shares closed at $11.16 on Friday.

  • [By Benzinga News Desk]

    USA GDP (QoQ) for Q3 2.90% vs 2.50% consensus estimate. The prior reading was 1.40%.

    The University of Michigan's consumer sentiment index for October will be released at 10:00 a.m. ET. The Baker Hughes North American rig count for the latest week is schedule for release at 1:00 p.m. ET. BZ News Desk Focus ExxonMobil (NYSE: XOM) Reports Q3 EPS $0.63 vs $0.58 Est., Sales $58.68B vs $61B Est. Mastercard (NYSE: MA) Reports Q3 EPS $1.08 vs $0.98 Est., Sales $2.9B vs $2.75B Est. Amazon (NASDAQ: AMZN) Reports Q3 GAAP EPS $0.52 vs. Est. $0.78 May Not Compare, Rev. $32.7B vs. Est. $32.69B Baidu (NASDAQ: BIDU) Reports Q3 Adj. EPS $1.49 May Not Compare to $0.88 Est., Sales $2.74B vs $2.71B Est. Alphabet (NASDAQ: GOOGL) Reports Q3 EPS $9.06 vs. Est. $8.64, Rev. $22.45B vs. Est. $22.05B Phillips 66 (NYSE: PSX) Reports Q3 Adj. EPS $1.05 vs $0.88 Est. Anheuser-Busch (NYSE: BUD) Reports Q3 EPS $0.83 vs $1.08 Est; Revenue $11.109B vs $11.50B Est Hershey (NYSE: HSY) Reports Q3 Adj. EPS $1.29 vs $1.19 Est., Sales $2B vs $2B Est. Amgen (NASDAQ: AMGN) Reports Q3 non-GAAP EPS $3.02 vs $2.79 Est, Rev $5.8B vs $5.73B Est Xerox (NYSE: XRX) Reports Q3 Adj. EPS $0.27, Inline, Sales $4.2B vs $4.31B Est. Sell-Side Themes


    World Wrestling Entertainment (NYSE: WW) received a pair of downgrades after its earnings report came in below estimates.

Top 5 Casino Stocks To Buy Right Now: athenahealth, Inc.(ATHN)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Athenahealth (ATHN) last night announced that its CFO and administrative chief, Kristi Matus, would be leaving the company. Her departure has not been embraced by investors, who have pushed shares lower today. Leerink’s David Larsen understands their concerns:


    In our view, the CFO departure may be indicative of internal operational challenges. We still think it is possible that Kristi Matus is seeking an environment that is not as demanding as ATHN, though this has not been confirmed by management. Management harped on the point that bifurcation is part of the strategic initiative of ATHN to reenergize the culture of the company, and Jonathan Bush noted how he himself hopes to spend more time on talent and culture and less time on entering new markets and building new products.

    We continue to believe that ATHN is facing challenges. We continue to believe the market is fundamentally slowing and bookings growth may become more lumpy as we progress through 2016. We still believe there will be a slow-down in the bookings growth rate b/c of a possible slow-down in the ambulatory EMR market and the fact that we are in the final payment year of Meaningful Use. Much of the call focused on Kristi Matus’s departure as a major loss for the company of a leader who was “masterful with investors.” According to management, the decision to split the CFO and CFAO responsibilities was not a reflection of her ability.


    Baird’s Matthew Gillmor and Sean McBride are less worried:

    The unexpected resignation of CFO Kristi Matus is disappointing, but the reasons for her departure seem somewhat understandable, in our view (potentially viewed bifurcation of CFO/CAO role as a demotion). We think incoming CFO Karl Stubelis is very strong and should provide helpful continuity, both internally and externally (currently serves as Controller and previously as acting CFO). Finally, the CFO change does not change our positive long-term thesi

Top 5 Casino Stocks To Buy Right Now: Madison Square Garden Inc.(MSG)


Advisors’ Opinion:

  • [By Monica Gerson]

    Madison Square Garden Co (NYSE: MSG) is estimated to report a quarterly loss at $0.34 per share on revenue of $325.53 million.

    Gogo Inc (NASDAQ: GOGO) is projected to report a quarterly loss at $0.42 per share on revenue of $137.58 million.

  • [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]

    Meanwhile, Mark Boyar, of The Boyar Value Fund, recommends another household name: Madison Square Garden (MSG). He thinks the Dolan family could take the company private.

Top 5 Casino Stocks To Buy Right Now: CNO Financial Group, Inc.(CNO)


Advisors’ Opinion:

  • [By Paul Ausick]

    CNO Financial Group Inc. (NYSE: CNO) dropped about 8.1% on Friday to post a new 52-week low of $14.29 against a 52-week high of $20.88. Volume of more than 6 million was more than 3 times the daily average of around 1.8 million. The stock closed at $15.55 on Thursday night. The company on Thursday cut its re-insurance agreements with Beechwood Re following disclosure that regulators that many of Beechwood’s assets did not comply with insurance company guidelines.

Top 5 Casino Stocks To Buy Right Now: EOG Resources, Inc.(EOG)


Advisors’ Opinion:

  • [By Ben Levisohn]

    Deutsche Bank’s Ryan Todd and team explain why they raised their price targets on four oil exploration companies–Pioneer Natural Resources (PXD), Devon Energy (DVN), Marathon Oil (MRO), and EOG Resources (EOG):

  • [By Paul Ausick]

    EOG Resources Inc. (NYSE: EOG) is up 0.7%, at $168.29 in a 52-week range of $107.76 to $168.77. The high was set earlier Thursday morning.


    The US Natural Gas Fund (NYSEMKT: UNG) is up 2.4%, at $19.14 in a 52-week range of $16.59 to $24.09. The Market Vectors Oil Services ETF (NYSEMKT: OIH) is down 0.6%, at $47.37 in a 52-week range of $36.24 to $47.76. The first fund tracks spot prices; the second includes major drillers and services companies.

  • [By Paul Ausick]

    EOG Resources Inc. (NYSE: EOG) traded up about 2.2% at $97.32. The 52-week range is $57.15 to $98.32.

    The United States Natural Gas ETF (NYSEMKT: UNG) traded up about 3.2% at $7.96 in a 52-week range of $5.78 to $9.64.

  • [By Matt Egan]

    Before Tuesday, Big Oil’s credit ratings had been left largely intact by S&P. But with oil sinking back to $30 a barrel, the ratings firm took action by downgrading Chevron (CVX), EOG Resources (EOG), Apache (APA), Devon Energy (DVN), Hess (HES), Marathon Oil (MRO), Murphy Oil (MUR), Continental Resources (CLR) and Southwestern Energy (SWN).

  • [By Ben Levisohn]

    The large cap E&Ps we cover raised ~ $6.5 billion of equity in 2015 and are likely to consider additional issuance in 2016. Pioneer Natural Resources (PXD) raised $1.3 billion on January 5th and Hess Corp. (HES) raised $1.5 billion of equity/equity-linked earlier this month. We think highly leveraged companies such as Devon Energy,Encana andRange Resources (RRC) and companies with a large deficit (before asset sales), such asAnadarko Petroleum and Devon Energy, are most likely to consider raising equity. Additionally, we believe companies such as WPX Energy (WPX), Southwestern Energy (SWN), Marathon Oil, Continental Resources (CLR),Noble Energy and Newfield Exploration (NFX) could issue equity while several levered companies may be unwilling or unable to access equity markets. We do not think Apache, Canadian Natural Resource, EOG Resources (EOG), Occidental Petroleum orPioneer Natural Resources are likely to issue equity this year.