Las Vegas Sands Corp. (LVS), based in Las Vegas, Nevada, is a premier developer and operator of upscale integrated resorts. It specializes in luxury destinations that merge casinos, hotels, entertainment venues, shopping, and convention spaces to boost tourism and commerce. Major sites include Marina Bay Sands in Singapore and Macao properties such as The Venetian Macao. The company has a market capitalization of $44.79 billion, which classifies it as a “large-cap” stock. More News from Barchart Positiv ...

Core Viewpoint - The article discusses the current market outlook, emphasizing that earnings are driving the market, with expectations for the S&P 500 to end the year around 7,000, supported by strong earnings growth [1][2]. Earnings Performance - Analysts are raising their 2026 earnings expectations, with Q1 and Q2 of 2025 showing better-than-expected results, moving from low to mid single-digit growth to low double-digit increases year-over-year [3]. - The Q3 earnings reporting season for the S&P 500 is projected to show a 14% increase, significantly higher than the initial expectation of 6.5%, indicating strong performance despite market volatility [4]. Investment Opportunities - The article presents a list of 13 cheap stocks under $10, selected based on a forward P/E ratio below 15 and the number of hedge fund holders, indicating strong hedge fund interest [6][7]. Company Highlights - **Melco Resorts & Entertainment Limited (NASDAQ:MLCO)**: - Stock Price: $9.07, Forward P/E: 15, Hedge Fund Holders: 18 - Reported Q3 2025 revenues of $1.31 billion, up 11% from $1.18 billion year-over-year, attributed to improved gaming and non-gaming operations [9][10]. - EBITDA for Macau properties increased by 21% year-over-year, with strong growth in the Philippines and Cyprus [11][12][13]. - **Lloyds Banking Group plc (NYSE:LYG)**: - Stock Price: $5.03, Forward P/E: 11.57, Hedge Fund Holders: 19 - Announced the launch of the UK's first agentic AI financial assistant, aimed at providing personalized financial guidance to 21 million mobile app customers [14][15]. - Analysts have raised the price target for Lloyds, with RBC Capital increasing it to 110 GBP and Kepler Capital setting it at 97 GBP, both maintaining positive ratings [16][17].

Core Insights - Baron Real Estate Fund reported a strong performance in Q3 2025, with a return of 10.25%, outperforming the MSCI US REIT Index at 4.49% and the MSCI USA IMI Extended Real Estate Index at 5.65% [1] - The fund highlighted Wynn Resorts, Limited as a key investment, noting its significant stock performance and market capitalization [2][3] Fund Performance - The Baron Real Estate Fund appreciated by 10.25% in Q3 2025 [1] - The fund's performance surpassed both the MSCI US REIT Index and the MSCI USA IMI Extended Real Estate Index [1] Company Focus: Wynn Resorts, Limited - Wynn Resorts, Limited's stock increased by 6.77% over the past month and gained 46.93% over the last 52 weeks, closing at $126.07 per share with a market cap of $13.108 billion on November 11, 2025 [2] - The shares of Wynn Resorts increased by 37.3% in the most recent quarter due to strong performance in Macau and Las Vegas [3] - Wynn Resorts was held by 52 hedge fund portfolios at the end of Q2 2025, indicating growing interest among institutional investors [4]

Core Viewpoint - Vail Resorts (NYSE: MTN) has underperformed in the past year, losing 14% of its value despite a strong equity market, primarily due to slow demand in a softer discretionary spending environment [1] Company Performance - The company's stock has seen a decline of 14% over the past year [1] - This decline occurred in the context of a generally strong equity market, indicating specific challenges faced by the company [1] Market Environment - The current market environment is characterized by slower demand and reduced discretionary spending, which has negatively impacted Vail Resorts [1]

Group 1 - Wynn Resorts, Limited (NASDAQ:WYNN) has seen a significant stock price increase of 70% over the past year and 40% over the last three months, prompting analysts to consider trimming their positions [2] - Jim Lebenthal, Chief Equity Strategist at Cerity Partners, indicated that he is trimming his stake in Wynn Resorts due to the stock being ahead of itself in terms of share price, while also noting that 2027 estimates are starting to rise meaningfully [2] - Baron Discovery Fund established a new position in Wynn Resorts during the second quarter of 2025, taking advantage of stock weakness related to tariffs and trade war concerns, believing they were buying at trough valuation multiples [2] Group 2 - The potential impact of the Al Marjan Island project in the UAE is seen as a significant upside for Wynn Resorts, which is currently under construction [2] - There is a belief that while Wynn Resorts has investment potential, some AI stocks may offer greater promise for higher returns with limited downside risk [3]