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LVS Results Lift the Market Vectors Gaming ETF

By Market News Video Staff, Thursday, October 28, 12:31 PM ET

Following strong earnings from the Las Vegas Sands (NYSE:LVS), Barclays raised its price target on the casino operator to $52 per share. The firm maintained its overweight rating, while noting that the company's presence in Macau and Singapore should continue to fuel earnings growth. Shares of LVS are higher by more than 8% on Thursday, despite the general markets being modestly lower.

Strength from LVS is lifting the entire sector today and this strength can best be seen in the Market Vectors Gaming ETF (AMEX:BJK) which is higher by almost 2% today. This ETF holds both US-listed companies as well as international companies. The Las Vegas Sands accounts for about 15% of its portfolio, while Wynn Resorts (NASDAQ:WYNN) accounts for 8.4%, and MGM Mirage (NYSE:MGM) accounts for 2.4%.


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This Article's Word Cloud:   AMEX   CHANNEL   Following   Gaming   Investment   Macau   NYSE   PORTFOLIO   Portfolio   Register   Sands   Today   Vegas   WYNN   about   accounts   alerted   allows   asset   companies   company   completely   continue   designed   despite   earnings   from   fuel   growth   higher   holds   listed   maintained   modestly   overweight   portfolio   presence   price   rating   service   short   stocks   terms   there   this   today   when   while   year   your
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