This Stock Is Like Trading With House Money
Last month, I went to Las Vegas.
Am I a gambler?
Yes… I like to play some craps, make a few sports bets and play blackjack.
Would I call myself a “big” gambler?
No… not by any stretch of the imagination.
I like to find a $25 minimum blackjack table… or a $15 minimum craps table… and try to make the most out of my initial investment.
My approach is…
The longer you can hang around… waiting for a hot run… the better your chances of success are.
But here’s my big takeaway…
While I was there, I couldn’t even find somewhere to play. You see, it was nearly impossible to find a $15-$25 table.
Every blackjack table was $50 minimum. Most of them were $100 minimum.
Same with craps.
And guess what…
The tables were jam-packed. There wasn’t a free seat to be had.
Look at this picture that I snapped. This was a guy at a craps table.
See those white chips? They were $5,000 apiece.
And he was splashing them around the table like they were checkers from a garage sale.
What’s the point of telling you this little story?
Well, here’s exactly what was going through my head…
If the table minimums in Vegas were this high – and the tables were this jammed with gamblers – then I could only imagine what the tables are like right now in Macao.
As I’m sure you know, Macao is a special administrative region of China.
It’s the most densely populated region in the world – most likely because it’s the only place in China where casinos are legal.
Macao is the preeminent gambling location in the world, grossing the highest amount of gambling/gaming revenue.
And one of the biggest casinos in Macao is owned and operated by Las Vegas Sands (LVS).
After doing some due diligence, I recommended LVS in Trade of the Day Plus.
I also traded it inside The War Room.
And earlier this week… those trades paid off huge.
After the close on Wednesday, LVS reported first quarter results – and the numbers were blockbuster.
- Revenues were $2.12 billion, up 125% from Q1 2022.
- Operating income was $378 million, up from a $302 million loss in Q1 2022.
- Earnings per share (EPS) were $0.19, up from a $0.49 loss in Q1 2022.
As a result, shares of LVS are approaching new highs…
But more importantly, the members who followed my advice cleaned house.
Here are a few of the comments they posted this past week…
“LVS, 40 contract, in at $2.47, out $5.00 [in 27 trading days] nice.” – KAS60
“LVS in $2.37 out $5.50 [in 27 trading days] that’s 132% profit. Thanks Bryan.” – Avatar
“LVS making a new 52 week high, currently at $63.45 with the trade options premium as high as $6.50. Way to go @Bryan for telling us to hold this trade thru earnings because it really paid big!!” – Tenacity
YOUR ACTION PLAN
I continue to believe that Las Vegas Sands (NYSE: LVS) will trend higher – but today’s article is intended to show you the value of belonging to our paid services. No matter whether you want to get started with Trade of the Day Plus or level up to our real-time War Room service… as you can see from this LVS trade example, there’s immense value in having either membership. Just look at the money that KAS60, Avatar and Tenacity reported making above, and ask yourself… do you want to start hitting winners like that? If your answer is “yes,” then I invite you to explore our paid memberships today. Click on either service above to see which one is right for you.
FUN FACT FRIDAY
A Muddled Earnings Season (So Far). If you’ve been watching the earnings scoreboard, then you know that 80%-90% of S&P 500 companies have reported a positive EPS surprise. However, strangely enough, this has not translated to market gains, as the S&P has gained only around 0.5% in April. The index’s blended earnings were also down 6.5% in Q1, which would be the largest earnings decline since the second quarter of 2020. How do you navigate this muddled earnings mess? It’s simple – join Trade of the Day Plus. Our portfolio has been hot, with several companies up big after earnings this week… and you’re invited to join us.
If you’re ready to upgrade to Trade of the Day Plus, click here.
More from Trade of the Day
Nov 21, 2024
How Markets Could React to Nvidia’s Earnings
Nov 19, 2024