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Fast Money 360: Las Vegas Sands

Thursday, 3 Feb 2011 | 12:32 PM ET

With Las Vegas Sands scheduled to report quarterly results after Thursday's closing bell, how should you game its stock into and in the wake of earnings?

Seems like a good time for the "Fast Money 360."

Find out what fundamentals, technicals and insights from the options world all suggest lie ahead for this stock .

FUNDAMENTALS

David Katz, an analyst at Jefferies, is a buyer of LVS. In the past quarter, revenue growth in its Macau properties has remained "very, very strong despite some challenging comparisons." He expects LVS to benefit from opportunities in Singapore and elsewhere in Asia.

TECHNICALS

Carter Worth, chief market technician at Oppenheimer, is also buyer of Las Vegas Sands. Worth noted the stock has recently ran up. He expects it to pause at the $50 level before going higher again.

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OPTIONS

"Options traders are bullish on Las Vegas Sands," said Scott Nations, president of NationsShares. "Eleven of the 12 most active options are calls and all of the call activity has been in February — the February expiration. It's been in the weekly expiration. So traders are looking for a quick pop to the upside."

What's the Trade?

Take Your Position: Las Vegas Sands
The "Fast Money" traders share their positions on Las Vegas Sands.

Steve Cortes, founder of Veracruz, remains short LVS. The Chinese stock market is "very weak," he said. Being as it's typically correlated with LVS, he's shorting the stock.

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Trader disclosure: On Feb. 3, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Guy Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Steve Cortes owns (EXC). Steve Cortes owns (MO). Steve Cortes owns (PM). Steve Cortes owns (SVU). Steve Cortes is short (LVS). Steve Cortes is long U.S. Treasuries. Steve Cortes is long German Bonds. Steve Cortes is short Gold. Steve Cortes is short Crude. Kinahan is short (SPY) through options. JJ Kinahan is short (NFLX) through options. JJ Kinahan is short (INTC) puts. JJ Kinahan owns (F) Calls. JJ Kinahan is short (YHOO) puts. Kinahan owns (C). Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MT), (MHY), (NDAQ), (PFE), (PRST) and (S).

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GUY ADAMI
Adami's wife works for (MRK)

STEVE GRASSO
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (ABT)
Stuart Frankel & Co and its partners own (ABX)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NEM)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UAL)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)

DOUG THOMAS
Thomas has no disclosures

FAST 360
Carter Worth, Scott Nations, and David Katz have no disclosures on (LVS)

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