BJK - VanEck Vectors Gaming ETF - a good way to bet on gaming without playing an individual stock
ytd return 11.53%
fund top holdings
las vegas sands
I think the gaming run is in about the bottom of the 8th. The real money was made last year after March when a lot of smaller companies were valued like they were going under. And then if you bought into the momentum on online/sports in the second half of last year. Those two trends are done. What's left might be some of the suppliers and big cap names, but those stocks rarely go on a massive momentum run.
is the economy in the bottom of the 8th ? gaming is tied to the economy.. I am thinking top of the 7th , but bottom of the 8th is a good bet too.
Most traditional gaming stocks don't trade on economic cycle, they follow interest rates more closely since its always been build it with debt and then pay it down afterwards. With REITs dominating now its even more rate sensitive. All the online and sports betting followed a hype cycle, but now it seems like a more rational view is emerging.
AMC and GameStop might get added to the Russell index. What a joke.