Weakness in Las Vegas will continue through the third quarter, but the fourth quarter “could be better,” wrote Truist Securities analyst Barry Jonas. He predicted a comeback for Sin City in 2026, in an October 21 investor note.
Prediction-market fears, meanwhile, have extended to the business-to-business sector, Jonas reported. But he saw a hidden opportunity for B2B firms to cater to the interlopers. “In the current environment, we don’t expect many earnings surprises, but continue to favor companies with best-in-class assets.” He cited Monarch Casinos, Churchill Downs, and Station Casinos.
Jonas also liked real estate investment trusts (REITs) and digital B2B firms, lauding their safety, earnings growth, and cash flow…