S&P 500 Addition Bolsters Struggling LVS Stock

The stock has been stuck in a downtrend

Digital Content Manager
Sep 27, 2019 at 9:35 AM
facebook X logo linkedin


It was announced last night that casino name Las Vegas Sands Corp. (NYSE:LVS) will be joining the S&P 500 Index (SPX), replacing Nektar Therapeutics (NKTR), which is headed to the S&P MidCap 400 Index (MID), prior to the open next Thursday, Oct. 3. The equity is up 4.7% at $58.48 in response, set for its highest close in over a week, and its biggest one-day jump since early July. 

The stock has been sliding on the charts since running out of steam just below its 320-day moving average -- finishing seven of the last eight sessions in the red. The stock managed a bounce off the round $55 region, however, and still boasts a roughly 12.4% year-to-date gain.

For the most part, the brokerage bunch has remained on the sidelines, with the majority of 11 analysts in coverage calling the stock a "hold." On the other hand, the consensus 12-month price target sits all the way up at $69.78 -- a level not touched since August 2018. 

Meanwhile, short-term options traders are incredibly call-skewed on LVS, as evidenced by its Schaeffer's put/call open interest ratio (SOIR) of 0.52, which sits in the low 4th percentile of its annual range. In the front-month series, peak open interest is found at the October 60 call, where it looks like most of the contracts were purchased.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI