As the world slowly reopens, Las Vegas Sands (LVS) is soaring with a Zacks Rank #1 Upgrade, bullish outlook from CEO Robert Goldstein, and the easing of travel restrictions. The company is in a strong position to capitalize on the recovery of the global economy and the return of travelers to Las Vegas. With a strong balance sheet and a positive outlook, LVS is well-positioned to make the most of the changing landscape.
Easing Travel Restrictions: Macao’s Initial Wave of Visitors
The easing of travel restrictions to Macao has been a major boon for Las Vegas Sands, allowing the company to welcome an initial wave of visitors. This has been a major boost to the company’s stock, which has seen a surge in recent weeks. The Macao government has implemented a range of measures to ensure the safety and security of visitors, including enhanced screening and testing, as well as a limit on the number of visitors allowed in the city at any one time. Las Vegas Sands has also taken steps to ensure the safety of its guests, including the installation of thermal imaging cameras and the deployment of security personnel. The company has also invested heavily in Macao, with plans to open a new resort in 2021. CEO Robert Goldstein has expressed optimism about Macao’s prospects, citing the city’s strong track record of attracting tourists and the potential for further growth in the region.
Zacks Rank #1 Upgrade: Strong Earnings Prospects
Las Vegas Sands’ stock is up over 30% since the start of 2021, driven by strong earnings prospects and a Zacks Rank #1 upgrade. The company has seen a surge in visitors to Macao, which has been reflected in its strong earnings growth. Las Vegas Sands has also been investing heavily in the region, with plans to build a new integrated resort in Macao. The company’s CEO Robert Goldstein has also expressed confidence in the region’s future, citing the strong consumer discretionary sector as a key factor in the company’s success. The recent introduction of a bear call spread trade has also been a positive sign for the stock, with investors able to earn $107 immediately. This trade is a sign that the stock could move higher in the near term.
Bullish Outlook from CEO Robert Goldstein: Investing Heavily in Macao
CEO Robert Goldstein has expressed his bullish outlook for Macao, citing the potential for increased tourism and investment. He has stated that Las Vegas Sands is investing heavily in Macao, in order to capitalize on the current environment. The company is investing in a variety of projects, including the development of new attractions, hotels, and even a new casino. Goldstein has also expressed confidence in the region’s long-term prospects, citing the potential for further growth in the gaming and hospitality industries. Las Vegas Sands’ investments in Macao will help to ensure that the region is well-positioned to capitalize on future opportunities.
Las Vegas Sands (LVS) is on the rise, with a Zacks Rank #1 Upgrade, easing travel restrictions, and a bullish outlook from CEO Robert Goldstein. With the company’s strong fundamentals, investors can be confident in the potential for long-term growth and success. As the casino industry continues to recover, and Las Vegas Sands remains competitive, the company is well-positioned to benefit from the increased demand for travel and entertainment. With its robust portfolio of properties, and strong leadership, Las Vegas Sands is sure to remain a leader in the gaming industry for years to come.