Top Casino Stocks To Watch Right Now

Once you retire, investing intelligently takes on a whole new meaning. Instead of putting new money into your portfolio, you’re likely taking money out of it to cover your costs of living. Despite that change in perspective, you may very well still have decades ahead of you and need to invest in a way that has a chance of continuing to build your nest egg for that long haul.

As a result, the long-term part of your portfolio can be a great candidate for stocks, even in retirement. But not every stock is a good fit for a retiree’s portfolio. Highly speculative businesses, those with a large chance of bankruptcy, and ones whose shares are valued based on the hopeof incredible growth don’t deserve a spot in most retirees’ portfolios. 

Top Casino Stocks To Watch Right Now: Marriott International(MAR)

Marriott has seen its stock price soar 40% over the last year, while also escaping the nearly market-wide decline over the last three months. Looking ahead, the hotel giant’s quarterly revenues are projected to climb by 3.5% to $5.75 billion. Investors will be even more pleased to note that Marriott’s Q1 earnings are expected to surge by nearly 24% to hit $1.25 per share. 

Marriott is also currently a Zacks Rank #3 (Hold) and holds an Earnings ESP of 0.40%, with its Most Accurate Estimate coming in 1 cent above our current consensus estimate. Therefore, investors can consider MAR a stock that could top earnings estimates when it reports its first quarter financial results after market close on Tuesday.

Top Casino Stocks To Watch Right Now: Skechers U.S.A., Inc.(SKX)

What’s the opposite of Cleveland-Cliffs, at least on Friday? Skechers USA Inc (NYSE:SKX). Despite an earnings beat, shares are tanking almost 30% as investors punish the stock for management’s guidance.

Surprisingly, SKX found support right where it needed to, near $30. That’s not to say everything is fine and dandy. After all, we’re talking about a real beatdown here, one that drove Skechers stock below all of its major moving averages after ending the last session above all three.

Should this area of support — roughly $29 to $30 — give way, SKX stock will officially be in no man’s land. Traders who are tempted to play it, and I’m not one of them, can take a stab at it above this level of support. Below though, and bears would be in full control.

Top Casino Stocks To Watch Right Now: Inc(CRM)

Customer relationship management (CRM) software company Salesforce is one of the biggest disruptors in the technology industry. The provider of various cloud-based services to help businesses manage relationships and marketing efforts became the fastest enterprise software company to reach $10 billion in annual sales; it surpassed that milestone last year. Salesforce isn’t finished yet, though, setting its sight on an even more ambitious goal.

In the next decade, the goal is to reach $40 billion in revenue, and in the next 15 years it aims to hit $60 billion. That would make Salesforce one of the largest software companies in the world. To get there, though, it’s going to need to continue expanding outside of its current wheelhouse of relationship management. Fortunately for investors, founder and CEO Marc Benioff has a proven track record of pulling that off.

In its latest stunt, Salesforce purchased up-and-coming integration software company MuleSoft for $6.5 billion. That’s a big price tag, but MuleSoft says businesses will spend hundreds of billions on integrating apps and technology in 2018 alone. And Benioff has promised more exciting announcements to come this fall, including some sort of cryptocurrency and blockchainservice. 

Salesforce is growing into more than just a CRM company as its various services are becoming an integral part of big enterprises’ technology initiatives. With lofty goals in the years ahead, this stock is worth owning for a while.

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