In this article, we discuss the 5 best sin stocks to invest in 2024. To read the detailed analysis of the sin stocks, go directly to the 12 Best Sin Stocks To Invest in 2024.
5. Las Vegas Sands Corp. (NYSE:LVS)
Number of Hedge Fund Holders: 45
Las Vegas Sands Corp. (NYSE:LVS) develops and runs destination properties all over the world, including gambling and entertainment facilities, accommodations, and more.
On December 14, JPMorgan analyst Joseph Greff lowered the price target on Las Vegas Sands Corp. (NYSE:LVS)’s stock to $56 from $64 and maintained an Overweight rating on the shares.
Out of the 12 Wall Street analysts that covered Las Vegas Sands Corp. (NYSE:LVS), 10 kept a Buy rating on the stock. At the time of writing on December 14, the average price target of $64.33 represented an upside of 32.34%.
Baron Funds commented on Las Vegas Sands Corp. (NYSE:LVS) in its first quarter 2023 investor letter. Here is what it said:
“In the first quarter of 2023, we re-acquired shares in Macau-centric casino gaming companies Wynn Resorts, Limited and Las Vegas Sands Corp. (NYSE:LVS) with the following considerations in mind:
Since the early days of the COVID-19 pandemic in 2020 through mid-2022, the shares of Wynn and Las Vegas Sands significantly underperformed the share price performance of other U.S.-centric casino gaming and lodging companies due in large part to extremely limited travel mobility to Macau during China’s Zero-COVID policy. Just as business activity and the shares of U.S.-centric casino gaming companies rebounded sharply once people felt comfortable to travel to Las Vegas and other U.S. regional gaming markets, we have felt that Macau business activity and the shares of Macau-centric casino gaming companies would follow in the footsteps of Las Vegas-centric and other U.S. gaming and lodging companies and inflect positively once people were permitted to travel to Macau more freely.
China recently abandoned it’s Zero-COVID policy and removed travel restrictions in January 2023. We now believe both Wynn and Las Vegas Sands are well positioned to capitalize on China’s reopening.
For Las Vegas Sands, we believe additional drivers for future value creation beyond a re-emergence in Macau business activity include: (i) our expectation for a continued positive inflection in visitation and cash flow at Marina Bay Sands, Singapore; (ii) Las Vegas Sands’ plans to invest $4.5 billion in Macau and Singapore in the next 10 years; (iii) the company’s plans to pursue a New York casino and its prioritization of Texas as a new market; and (iv) the possibility that Las Vegas Sands reinstates its dividend in the next few years…” (Click here to read the full text)
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