Las Vegas Sands

LVS

Market cap $40.5B

Las Vegas Sands stock is up about 28% over the past year. 1 reason for its outperformance is ironic, considering its name.

Macau gaming revenue rose 14.8% in December vs. a year earlier, less than expected.

Las Vegas Sands has become the leading casino resort operator in Macao, China's gambling district.

Chief Executive Robert Goldstein sold $167 million worth of the casino operator's shares this month.

Las Vegas Sands emerges as the top 2026 gaming play, backed by Macau momentum, Singapore growth, and a margin-focused strategy as the industry matures.

From a technical perspective, Las Vegas Sands (LVS) is looking like an interesting pick, as it just reached a key level of support. LVS recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

OWLT, PRLB and LVS pass a strict efficiency screen, with strong turnover ratios and operating margins pointing to healthier operations ahead of 2026.

U.S. stocks are heading toward the end of the year with clear momentum, as the major indexes continue to hover near record levels. While short-term pauses have appeared, they have been shallow, suggesting that investors are positioning for a constructive finish to the year and a positive handoff into the new one.

An analyst said in a note to clients that she expects sustained momentum in Macau gross gaming revenue into 2026.

The Investment Committee debate the latest Calls of the Day.