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Casino Gaming Sector Outperforming S & P 500
NEW YORK, NY --
Turn on your local news provider, they are probably discussing how bad the economy is going to get, or how the real estate market is imploding. With all the negative media attention, prices on Wall Street are extremely unpredictable. Yet, despite the volatility, the Casino and Gaming industry remains strong and is actually beating the S & P 500 index by 400% this year.
Granted, stocks in the Casino and Gaming sector have declined recently, but the sector as a whole is still 400% higher than the S & P 500 index this year. Yes, that's right. The sector is 4 times better than the S & P 500, the most well-known and powerful stock index on the planet. The S & P 500 includes companies like Exxon Mobil, Intel, Microsoft, and Google.
To make things even worse for the S & P 500, in the last 5 years, the Casino and Gaming sector is up over 45% and the S & P only at around 10%.
The Casino and Gaming sector contains much lesser-known companies. Sure, we've all heard of MGM Mirage, Trump Casinos, and Las Vegas Sands. Those are the big name players in the sector, but you probably never heard of companies like Ameristar Casinos or Shuffle Master Inc. These are the smaller companies that help make-up the Casino and Gaming sector.
Google Finance considers the Casino and Gaming sector a collection of 238 different gambling related companies. The question for investors is: Can the sector remain strong if an economic downturn occurs?
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