Group 1 - ASICS Corporation Unsponsored ADR is part of the Consumer Discretionary sector, which includes 254 companies and ranks 9 in the Zacks Sector Rank [2] - The Zacks Rank system indicates ASICS Corporation has a current rank of 2 (Buy), suggesting a positive outlook for the stock [3] - ASICS Corporation's year-to-date return is 36.9%, significantly outperforming the Consumer Discretionary sector average return of 10.9% [4] Group 2 - ASICS Corporation is categorized under the Leisure and Recreation Products industry, which consists of 22 companies and ranks 160 in the Zacks Industry Rank [6] - The Leisure and Recreation Products industry has seen an average gain of 10.7% this year, indicating ASICS Corporation's performance is above this average [6] - In comparison, Boyd Gaming, another stock in the Consumer Discretionary sector, has a year-to-date return of 14.8% and is part of the Gaming industry, which has a higher year-to-date return of 24.8% [5][7]

Economic Overview - Wall Street resumed its rally following a 25 basis points rate cut by the Federal Reserve, with the Dow and Nasdaq reaching record highs, indicating regained investor confidence [1][3] - The Federal Reserve raised its GDP forecast for the year, reflecting a positive sentiment in the economy as inflation has eased substantially [1][6] Rate Cuts and Economic Impact - The Federal Reserve's recent rate cut to a range of 4-4.25% is aimed at addressing concerns over a struggling labor market and a slowing economy, with expectations of two more rate cuts this year [3][5][9] - Lower borrowing costs are anticipated to benefit the broader economy, particularly in consumer discretionary sectors [6][9] Consumer Discretionary Stocks - Boyd Gaming Corporation (BYD) has an expected earnings growth rate of 5.2%, with a 4.9% improvement in the Zacks Consensus Estimate over the last 60 days [7] - Norwegian Cruise Line Holdings Ltd. (NCLH) is projected to have a 13.7% earnings growth rate, with a 3% increase in the Zacks Consensus Estimate [8] - Ralph Lauren Corporation (RL) shows a strong expected earnings growth rate of 19.8%, with an 8.4% improvement in the Zacks Consensus Estimate [10] - Hasbro, Inc. (HAS) has an expected earnings growth rate of 21.5%, with a notable 14.6% increase in the Zacks Consensus Estimate [11] - Grand Canyon Education, Inc. (LOPE) is expected to see a 12.8% earnings growth rate, with a 3.7% improvement in the Zacks Consensus Estimate [12][13]

Industry Overview - The Zacks Gaming industry is experiencing growth due to increased gaming revenues in Macau, strong demand for sports betting, and robust U.S. commercial gaming revenues [1][3][4] - The industry includes companies that operate integrated casinos, hotels, and entertainment resorts, as well as those providing technology products and services in gaming markets [2] Key Themes - Macau's gross gaming revenues (GGR) reached MOP 22.15 billion ($2.76 billion) in August, marking a 12.2% year-over-year increase and a 0.1% gain from July [3] - U.S. commercial gaming revenues rose 9.8% year-over-year in Q2 2025, totaling $19.44 billion from traditional casino games, sports betting, and iGaming [4] - The legalization of sports betting across multiple states has significantly contributed to industry growth, with popular gaming applications including DraftKings and FanDuel [5] Economic Factors - Ongoing economic uncertainty, rising inflation, and geopolitical tensions pose challenges to the gaming industry, potentially reducing consumer discretionary spending [6] Industry Performance - The Zacks Gaming industry ranks 96, placing it in the top 39% of over 245 Zacks industries, indicating positive near-term prospects [7][8] - The industry has outperformed the S&P 500 Index, rising 37.3% over the past year compared to the S&P 500's 19.9% growth [10] Valuation Metrics - The industry has a trailing 12-month EV/EBITDA ratio of 21.45, which is higher than the S&P 500's ratio of 18.35, reflecting a premium valuation [13] Notable Companies - **Boyd Gaming**: Benefits from a diversified business model and operational efficiencies, with a 4.9% increase in 2025 earnings estimates to $6.89 [17][18] - **Red Rock Resorts**: Strong performance from Durango Casino Resort and Las Vegas operations, with a 12.7% increase in 2025 earnings estimates to $1.77 [20][22] - **Melco Resorts & Entertainment**: Strong momentum in Macau operations, with a 69% surge in 2025 earnings estimates to $0.49 [24][25]

Core Insights - BYD Co. is intensifying its efforts in the European market amid fierce competition and a significant price war in China [1] - The company is expanding its model lineup, enhancing its retail presence, and establishing partnerships with suppliers to strengthen its position in Europe [1] Company Strategy - BYD is introducing new electric vehicle models to cater to the European market [1] - The company is focused on building a robust retail network to improve customer access and brand visibility [1] - Strategic collaborations with suppliers are being pursued to ensure a steady supply chain and enhance product offerings [1]

Core Viewpoint - Investors in the Gaming sector should consider Boyd Gaming (BYD) and Take-Two Interactive (TTWO) for potential value opportunities, with BYD currently presenting a better value proposition [1] Valuation Metrics - Boyd Gaming has a forward P/E ratio of 12.42, while Take-Two Interactive has a significantly higher forward P/E of 87.96 [5] - Boyd Gaming's PEG ratio is 2.42, compared to Take-Two Interactive's PEG ratio of 2.57, indicating a more favorable valuation relative to expected earnings growth [5] - Boyd Gaming's P/B ratio stands at 4.92, whereas Take-Two Interactive's P/B ratio is 12.77, further highlighting BYD's more attractive valuation metrics [6] Analyst Outlook - Boyd Gaming holds a Zacks Rank of 2 (Buy), indicating stronger earnings estimate revision activity and a more favorable analyst outlook compared to Take-Two Interactive, which has a Zacks Rank of 3 (Hold) [3][7] - The overall assessment suggests that value investors are likely to favor Boyd Gaming over Take-Two Interactive based on the combination of valuation metrics and analyst sentiment [7]

Stock Recommendations - Zacks 排名第一的股票为强力买入推荐 [1] - Zacks 排名第五的股票为强力卖出推荐 [1] Investment Opportunities - Zacks 提供未来 30 天内有望跑赢市场的七支股票 [1] Resources - 更多信息请访问 zachs.com/bull [1]

Market Overview - Wall Street has experienced a rally over the past two months, with investors remaining optimistic despite concerns over the Federal Reserve's monetary policy and tariffs [1] - Federal Reserve Chairman Jerome Powell's hints at a potential rate cut next month have further fueled this rally, leading to a record closing high for the Dow at 45,631.74 points [3][8] Rate Cut Expectations - Investors are anticipating a 25-basis-point interest rate cut in September, with the current range held steady at 4.25-4.5% since December [4] - Inflation data showed a slower growth rate, with the consumer price index (CPI) increasing by 0.2% in July, lower than the expected 0.3% [5] - The market is now pricing in a 90% chance of a quarter percentage point rate cut in September, up from 75% prior to Powell's speech [5] Consumer Discretionary Stocks - Investing in consumer discretionary stocks is recommended due to the optimism surrounding rate cuts, with five highlighted stocks: Boyd Gaming Corporation, Carnival Corporation, The Walt Disney Company, Netflix, Inc., and Ralph Lauren Corporation [2][8] Boyd Gaming Corporation - Boyd Gaming operates gaming entertainment properties across multiple states and has an expected earnings growth rate of 5.2% for the current year, with a Zacks Rank of 1 [6] Carnival Corporation - Carnival Corporation is the largest cruise operator globally, with an expected earnings growth rate of 40.9% for the current year and a Zacks Rank of 2 [7][9] The Walt Disney Company - Disney's revenues reached $91.4 billion in fiscal 2024, with an expected earnings growth rate of 17.7% for the current year and a Zacks Rank of 2 [10][11] Netflix, Inc. - Netflix is a leader in the streaming industry, with an expected earnings growth rate of 31.4% for the current year and a Zacks Rank of 2 [12][13] Ralph Lauren Corporation - Ralph Lauren is a major designer and distributor of premium lifestyle products, with an expected earnings growth rate of 19.8% for the current year and a Zacks Rank of 2 [14]

Group 1 - Fanatics Betting and Gaming is partnering with Boyd Gaming Corporation to launch online and retail sports betting in Missouri, with plans to debut in December 2025 [1][2]. - The agreement allows Fanatics Sportsbook to operate mobile sports betting under Boyd's license and to open retail sportsbooks at two Ameristar Casino locations [2][5]. - Fanatics Sportsbook will offer various betting markets for major sports, including professional and college football, basketball, hockey, and more, with all market development handled in-house [5][7]. Group 2 - Fanatics Betting and Gaming, launched in 2021, is the fastest growing sportsbook in America, reaching 95% of the addressable online sports bettor market in the U.S. [7]. - The company operates 22 retail sports betting locations, including the only sportsbook inside an NFL stadium [7]. - Boyd Gaming Corporation, celebrating its 50th anniversary in 2025, operates 28 gaming properties across 10 states and manages a tribal casino [8].

Group 1 - The article discusses the potential benefits of a 5% stake sale in Boyd Gaming for long-term holders, suggesting it could open up new opportunities for the company [1] - The author expresses a personal opinion on the matter without any financial interest in Boyd Gaming or plans to initiate positions in the near future [1]

Core Viewpoint - Boyd Gaming (BYD) is currently viewed as a superior value option compared to Red Rock Resorts (RRR) based on various valuation metrics and earnings outlook [3][7]. Valuation Metrics - BYD has a forward P/E ratio of 12.00, significantly lower than RRR's forward P/E of 33.45 [5]. - The PEG ratio for BYD is 2.34, while RRR's PEG ratio is slightly higher at 2.38, indicating BYD's better valuation relative to its expected earnings growth [5]. - BYD's P/B ratio stands at 4.75, compared to RRR's much higher P/B of 20.96, further supporting BYD's valuation advantage [6]. Earnings Outlook - BYD is currently experiencing an improving earnings outlook, which is a positive indicator in the Zacks Rank model, contributing to its higher ranking [3][7]. - The Zacks Rank for BYD is 2 (Buy), while RRR holds a 3 (Hold) ranking, reflecting the stronger earnings estimate revisions for BYD [3].