Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Investors looking for companies that are growing by double digits, whose equities are cheap and whose bond yields are high can look no further than certain players in the gaming industry, Pimco's Mark Kiesel told CNBC's "Power Lunch " Tuesday.
For a pure play on the "amazing" Las Vegas recovery, he likes MGM Resorts, which has 42 percent of the city's room supply.
"Everything is kicking in right now for MGM," said Kiesel, Pimco's deputy chief investment officer.
RevPAR (or revenue per available room) is up 6 to 7 percent, occupancy is 96 percent and growth in EBITDA (that's earnings before interest, taxes, depreciation and amortization) is up 12 percent, he noted.
Wynn Resorts, which is expecting to open a new casino in Macau in 2016, is also on his buy list.
"This company has the potential to grow EBITDA 40, 50 percent over the next two years. There's no kind of growth like that out there," Kiesel said.
For a pure play on the mass gaming market, Kiesel likes Las Vegas Sands.
"The mass market is growing 31 percent in Macau right now. We think longer-term it grows 15 to 20. Las Vegas Sands is a great play on that."
Macau-based Melco Crown Entertainment is probably the cheapest company, he said, trading at 10 times earnings. He thinks it has "excellent upside" to Macau.
So how should investors play these names?
"Buy everything you can buy in these companies," Kiesel said.
Stocks are trading at around 10 to 11 times EBITA multiple, bonds are yielding around 5, 5.5 percent and the companies are growing by double digits for the next several years, he added.
"These companies throw off significant free cash flow, organic deleveraging power. You want to own the entire capital structure in these companies."
—By CNBC's Michelle Fox.
Disclosure: Kiesel and Pimco own MGM, Wynn, Las Vegas Sands and Melco Crown Entertainment in a trust.