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Market Vectors Gaming ETF Gains Following LVS Report

By Market News Video Staff, Thursday, October 21, 10:50 AM ET
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UBS upped its EPS estimates on shares of the Las Vegas Sands (NYSE:LVS) through 2011 as gaming activity in Singapore continues to be robust. The firm maintained its buy rating in the report and its price target of $44 per share. Based on the current stock price, UBS is looking for an additional 13% of upside with its price target.

Also gaining on the news is the Market Vectors Gaming ETF (AMEX:BJK), up 1.8% this morning. The ETF's largest position is the Las Vegas Sands, currently more than 12% of the portfolio. While the ETF holds many foreign holdings, it does hold many US-listed companies including MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN). For a full list of holdings, see the BJK Holdings page.


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This Article's Word Cloud:   AMEX   Also   Definition   Definitions   ETFs   Earnings   Gaming   Holdings   Importance   Market   NYSE   Nasdaq   Relevant   Resorts   Sands   Share   Stock   Traded   Vegas   WYNN   What   additional   companies   continues   currently   estimates   firm   foreign   full   gaming   hold   holdings   holds   including   listed   looking   maintained   many   news   portfolio   position   price   rating   share   shares   stock   target   through   upside   with
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