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Oct 29, 2020
Three Gaming Companies Report Next Week as They Face Uncertainty

Three Gaming Companies Report Next Week as They Face Uncertainty

Of all industries that face uncertainty during the ongoing global health crisis, the gaming industry may be facing the greatest amount. Ongoing lockdowns are taking place in various countries around the world and virus cases are spiking again in many countries. Within the United States, cases are expected to increase in 49 out of 50 states in the coming weeks.

With the uncertainty looming, three of the top gaming companies will report earnings next week. Wynn Resorts (WYNN) will report on November 4. Caesars Entertainment (CZR) and Melco Resorts and Entertainment (MLCO) will report on November 5.

All three companies saw their stocks drop sharply in the first quarter and all three have seen the stocks rally sharply off their lows. Caesars was trading above $70 in mid-February, dropped to a low of $6.02 in March, and rallied back up to $60 in September. Melco fell from $24.85 to a low of $10.81 in March. It then rallied back above $20 in August, but has fallen in the last few months. Wynn traded as high as $152.13 in January, fell to a low of $35.84 in March, and rallied to a high of $108.93 in June. The stock has been hovering in the $70-$80 range for the last few weeks now.

The Tickeron Scorecard has Melco rated as a “buy”, Caesars is rated as a “sell”, and Wynn is rated as a “strong sell”. Melco shows four bullish signals on the technical side compared to only two bearish signals. The only other area that shows positive is the fundamental analysis for Wynn. The stock shows four positive signs and only two negative signs.

One area where I was really surprised with these three stocks was in the sentiment indicators. Analysts are extremely bullish on Caesars with 11 “buy” ratings and only one “hold” rating. Melco has 15 “buy” ratings, three “hold” ratings, and one “sell” rating. The short interest ratios are below average. Melco’s is only 0.9, Caesars’ is 2.3, and Wynn’s is 2.9. The only sentiment indicator that shows any sign of pessimism are the analysts’ ratings for Wynn. There are eight “buy” ratings and nine “hold” ratings.

The comprehensive comparison shows how each stock ranks in the various fundamental and technical categories. 


Contributor

Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


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Three Gaming Companies Report Next Week as They Face Uncertainty