Cramer’s Favorite Casino Stock
By: The casinos roughly tend to trade as a group, “Mad Money” host Jim Cramer said Tuesday. However, you need to take your cue from the leader. In Cramer’s mind, that’s Las Vegas Sands.
“Las Vegas Sands is my favorite casino company because they do a huge amount of business in Macau, the Vegas of China,” he said.
But what do the charts say about LVS, as well as Wynn Resorts and MGM Resorts International? Cramer went “Off the Charts,” with the help of highly regarded Wall Street technician Scott Redler, to find out. Watch the video to see the full report.
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The casinos tend to trade as a group, but you have to take your cue from the leader. Cramer goes “Off the Charts” to explain.
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