Top 5 Sin Stocks to Buy Now

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1. Caesars Entertainment, Inc. (NASDAQ:CZR)

Caesars Entertainment, Inc. (NASDAQ:CZR) is far and away hedge funds’ favorite sin stock, being owned by 74 of them at the end of Q3, a 48% jump quarter-over-quarter. Hedge funds were clearly impressed by Caesars’ £2.9 billion acquisition of sports betting giant William Hill, which isn’t surprising given that many analysts felt they acquired the U.K-based bookmaker for a bargain price.

Union Gaming analyst John DeCree predicts that the pairing will be capable of generating revenue from its U.S. sports and iCasino businesses over the next two years that will be comparable to consensus estimates for DraftKings Inc. (NASDAQ:DKNG). Other analysts similarly believe that Caesars’ sports betting opportunity is being overly discounted by the market even as peers like DraftKings and Penn National Gaming, Inc (NASDAQ:PENN) have posted exorbitant gains this year.

If investing in socially responsible companies is more your thing, don’t miss our article breaking down the Top 10 ESG Stocks Al Gore’s $25 Billion Hedge Fund Is Buying.

Disclosure: None.

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