Slot Machine Stocks Catching Up With Casinos (IGT, WMS, BYI, ISLE, PNK, MGM)

Tickerspy’s Gaming and Slot-Machine Index

GAMING AND SLOT-MACHINE INVESTING IDEAS

• Popular long ideas: IGT, WMS, BYI
• Popular short ideas: WMS, SHFL, IGT
• Top dividend plays: IGT
• Pro favorites: WMS, IGT, BYI

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GAMING AND SLOT-MACHINE COVERAGE

These companies make the slot machines and other electronic betting machines for use in casinos and betting parlors

GAMING AND SLOT-MACHINE CHART

GAMING AND SLOT-MACHINE METRICS

Avg. Market Cap:	$1.8B
Avg. P/E Ratio:	23.6
Avg. Div Yield:	0.3%

Stocks in the gambling sector have been on fire lately, and International Game Technology (IGT) extended gains after reporting $35.9 million in fiscal second-quarter earnings. EPS for the quarter came in at 12 cents, a penny higher than Q2 2009, and after adjustments the performance matched analyst expectations, according to the Associated Press. IGT CEO Patti Hart noted that the business’s operating environment “remains challenging,” but investors are cheering the report, sending shares higher by 9%.

As a whole, the Gaming and Slot Machine Stocks Index is ahead by 3.8% today. It has now outperformed the S&P 500 by double-digits over the past month as IGT, WMS Industries (WMS), and Bally Technologies (BYI) shot ahead by more than 15%.

Meanwhile, the Casino Stocks Index has surged higher by 16.5% over the last month. Isle of Capri Casinos (ISLE), Pinnacle Entertainment (PNK), and MGM Mirage (MGM) have all gained 30% or more for the period, and six of the Index’s fifteen components are ahead by more than 20% on a one-month basis.

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Tags: BYI, IGT, ISLE, MGM, PNK, WMS