Home » gambling sin stocks » Casino Stocks Are Rebounding

According to Greg Guenther of The Daily Reckoning, Casino stocks are rebounding after a few years of hard times.

The problem, according to the article, is Macau, which has been dragging down casino stocks for the past few years.

Guenther writes, “owning casino stocks over the past couple of years has been a losing bet for investors… But it looks like these orphaned stocks have finally put in a bottom.”

Then Guenther gives a chart and a technical reason to buy: “… the sector has given back nearly all of its gains from its 2012-2013 rally. Now, it appears to be bouncing at support. That gives you the perfect opportunity for a snapback trade.”

Check out the full article at The Daily Reckoning.


Nothing on this site is a recommendation because, hey, I can't read your mind and I don't know what you have in your portfolio, and I'm not a licensed financial advisor. So never EVER trade without doing your due diligence. If you want more information about this fascinating topic, please check out the Sin Stocks Disclaimer page which basically says the same thing but more emphatically.