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All Rights Reserved. Data also provided by. Gaming revenue in the gambling destination Macau plummeted Stocks rose, however, as traders looked beyond the drop to signs of recovery. We think instead the premium is going to be on high-growth companies in this low-yielding recovery. Zoom In Icon Arrows pointing outwards. Sign up for free newsletters and get more CNBC delivered to your inbox. June jobs report beats expectations—Five experts on what it means for the economic recovery. Get In Touch. Stephanie Landsman. Keris Lahiff. CNBC Newsletters. We want to hear from you. News Tips Got a confidential news tip? Still, Wald cautions that he is not ready to back the casino stocks over the long term. Skip Navigation. Investors pivot to conscious investing in How markets are adapting. Their recovery is not over yet, says Ari Wald, head of technical analysis at Oppenheimer. Read More.

Casino stocks, among the hardest hit early in the coronavirus pandemic,- have bounced hard off their lows.

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Get this delivered to your inbox, and more info about our products and services. Blowout jobs report may have missed a troubling trend linked to coronavirus. Related Tags. It's the largest operator in Macau, and the difference between Macau and Las Vegas is the money in Macau is really made much more from gaming rather than entertainment," Schlossberg said during the same segment. Markets Pre-Markets U. LVS dominates. VIDEO Trading Nation: Casino stocks rally, here's how to place your bets. Yes, they overshot to the downside, getting some relief to the upside, but there's some longer-term concerns.