7 Highest-Rated Gaming Stocks The
Las Vegas strip is booming, and gaming stocks have
followed right
along. Investor's
Business Daily tracks 41 companies in its Leisure-Gaming/Equipment
industry group (which also includes manufacturers of
slot machines, card
shufflers and other equipment). Combined, these stocks
have nearly tripled since
hitting a low in July 2002. They've remained in good
shape despite the stock
market's softness this year. Within
this powerful industry, IBD found the stocks with highest
earnings
growth and price performance, using its Earnings Per
Share and Relative Price
Strength Ratings. (Stocks trading under $15 were excluded.) Sin
City is holding on to its title as the gambling capital
despite increased
competition, such as online wagering. Also, many states
have legalized gambling.
But legalization also opened up new markets for many
gaming companies. A series
of recent merger deals may strengthen the industry further. Thousands
more hotel rooms are planned in Vegas. The city's hotel
occupancy
rate remains near capacity despite higher lodging rates.
And it's higher than a
year ago, when there were fewer rooms. Meanwhile,
many Americans are getting hooked on poker. Several
cable-TV shows
cover poker matches featuring celebrities or top players.
Two poker books are in
Amazon.com's top 130 sellers. Back
to the 7 Highest-Rated Gaming Stocks. |