Top 5 Consumer Discretionary Stocks to Buy in 2021

3. Boyd Gaming Corporation (NYSE:BYD)

Boyd Gaming Corporation (NYSE:BYD) is another gambling stock with a prominent position in Intrinsic Edge’s 13F portfolio. Intrinsic Edge has built a large BYD position of 497,528 shares after first adding the stock to its portfolio during Q2.

Intrinsic Edge clearly sees great potential in the strategic partnership between Boyd Gaming and International Game Technology (NYSE:IGT), its top stock pick, a partnership which was expanded last year to put IGT’s self-service sports betting kiosks into Boyd’s casinos, among other initiatives. Hedge funds like Boyd’s sports betting opportunity, which includes a growing mobile betting app, as well as its geographical diversity and lack of reliance on a robust travel industry, which has hampered some of the bigger names in the sector.