Jim Cramer Shed Light on These 19 Stocks Recently

9. Las Vegas Sands Corp. (NYSE:LVS)

Number of Hedge Fund Holders: 58

Las Vegas Sands Corp. (NYSE:LVS) is one of the stocks Jim Cramer shed light on recently. Cramer highlighted reasons for his pessimism around the stock, as he remarked:

Next, Las Vegas Sands caught my eye with a nearly 14% decline yesterday. This casino company has fallen a bit off my radar ever since it made a major pivot roughly five years ago, selling off its remaining Vegas assets and becoming more of a pure player in Asia with five casinos, five in Macau, one in Singapore. The stock’s been up and down since then, trading mainly on the strength of the Chinese consumer. Way too hard to game.

This Wednesday night, Las Vegas Sands reported a top and bottom line beat, but the stock got clobbered anyway because of the disappointing margins in Macau, thanks to higher promotional costs after some expensive preseason NBA games. Management tried to spin these events as positive, and plenty of analysts defended the company, calling the post-quarter pullback a buying opportunity. But I’m not sure I like anything gambling these days. I know you ask me a lot about DraftKings. Boy, that’s struggling. They’re all struggling… Well, Wynn’s doing better than expected. Plus, you never know when the Chinese Communist Party will do another crackdown on conspicuous consumption.

Las Vegas Sands Corp. (NYSE:LVS) owns and operates resorts that include hotels, casinos, and retail malls. The properties also provide convention facilities, restaurants, and entertainment venues.