Macau Gaming Revenues get Whacked: Here's One Way to Profit
Macau gaming stocks were battered in early trading after January revenue came in below expectations. Trifecta Stocks holding Las Vegas Sands is a way to play the sell-off.
TheStreet's Portfolio Manager Bryan Ashenberg, CFA highlights how Macau gaming stocks were battered in early trading after Macau January revenue results came in below expectations. Ashenberg offers Trifecta Stocks holding Las Vegas Sands as a way to play the sell-off as he added shares on the weakness. Historically, the Chinese New Year has brought a pause in activity in Macau, as gaming patrons spend more time with their families and less time at the tables, and markets have quickly rebounded.
In keeping with TSC's editorial policy, Bryan Ashenberg doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback;
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