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Market Vectors Gaming ETF Gains Following LVS Report

By Market News Video Staff, Thursday, October 21, 10:50 AM ET
Play Video: The Importance of ETFs


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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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