Investors of **Las Vegas Sands Corp. (NYSE:LVS)** have experienced a significant **30% return** over the last three years. Despite some losses, LVS stock has overall outperformed the market. Anticipations are high for this to continue with the possibility of it being the largest gambling stock by 2024. Several Affairs seem to resonate around LVS. For instance, the discussion of TCTC Holdings and the Vanguard Group both shrinking their holdings in LVS, which may imply cautious sentiment. Contrarily, National Pension Service and New York State Common Retirement Fund hold $32m and $34.6m respectively, suggesting substantial confidence. Additionally, **Q3 earnings** were characterized by strong growth in Macau, but revenues were down Year on Year, lagging behind estimates. The stock experienced increased implied volatility and a downgrade due to prices getting ahead of ground facts. After some stimulus from China which boosts the stock price by 8%, Las Vegas Sands prepares to make a hefty **$8 billion investment** to expand resorts in Singapore. The company's plan includes releasing third quarter 2024 financial results and expectations are optimistic, especially considering LVS's impressive ROE.
Las Vegas Sands Corp LVS News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 09 Nov 2024 15:27:18 GMT -
Rating 6
- Innovation 5
- Information 4
- Rumor 3
