Cruise and Casino Stocks: Which Are the Most Volatile?
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Cruise and Casino Stocks are the most volatile. The concept of beta measures a stock's volatility compared with the market as a whole. Equity-risk premium has soared 42% this year.
Stocks with the highest betas should be hurt the most in a rising equity-risk-premium environment.
Bank of America strategists offered a list of S&P 500 stocks with the highest five-year price betas as of May.
APA Corporation is a shale oil producer. Beta is 4.13.
Caesars Entertainment (CZR) is one of the most volatile cruise and casino stocks.
Cruise and Casino Stocks are the most volatile. Devon Energy Corporation is a shale oil producer. Beta is 2.61.
Marathon Oil Corporation is a shale oil producer. Beta is 2.59.
Norwegian Cruise Line (NCLH) is a cruise company.
Cruise and Casino Stocks are the most volatile. Royal Caribbean (RCL) is a cruise company.
Penn National Gaming Inc. is a casino company. Beta is 2.34.
Halliburton is an oil-field services company.
Wynn Resorts Limited is a casino company.
Cruise and Casino Stocks are among the most volatile.
APA has oil and natural gas assets in the U.S. and overseas. Most of its production comes from the Permian Basin. The company has reduced its drilling capital since 2020. Management intends to grow its Permoian output to pre-medemic levels during 2022.
Morningstar analyst Dan Wasiolek gives Caesars Entertainment no moat and puts fair value for the stock at $100. Caeres has done well with its acquisitions and now holds more than a 10% revenue share of the domestic casino gaming market.
