5 Best Las Vegas Stocks to Buy Now

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

Number of Hedge Fund Holders: 63 

Las Vegas Sands Corp. (NYSE: LVS) is a Last Vegas-based casino firm that was founded in 1988. It is ranked first on our list of 10 best Las Vegas stocks to buy now. The firm has extensive business interests outside of the United States, specially in Macau and Singapore. The firm runs the famous Four Seasons Hotel in Macau. It also runs malls, entertainment venues, celebrity chef restaurants, and gaming centers across the US. It has a market cap of more than $47 billion. 

On April 22, Las Vegas Sands Corp. (NYSE: LVS) was given a Neutral rating by Bank of America due to the slow pace of COVID-19 recovery in Macau. However, the Nevada-based sector of the gambling industry seems to have recovered from the pandemic lows and posted more than $1 billion in winnings in March, up 76% to the previous year. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Melvin Capital Management is a leading shareholder in the firm with 10.5 million shares worth more than $629 million.

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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