Brian Kelly Recommends MPEL And CTRP
Brian Kelly of Kanundrum Capital is watching after hours action in casino stocks. Las Vegas Sands (NYSE: LSV) is down more then 5% in the after hours trading, as the company reported poor results in Las Vegas. Room rates and sales of beverages in Las Vegas are down, but Macau results were fairly good.
Brian Kelly would buy Melco Crown Entertainment Ltd (NASDAQ: MPEL) in the space as a pure Macau play. He would also buy Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP), which is Chinese Priceline.com (NASDAQ: PCLN). Priceline.com (PCLN) is doing well in the after hours on their international divisions results.
Melco Crown Entertainment Ltd (NASDAQ: MPEL) fell 1.27% today and closed at $3.88. It gained 0.55% in the after hours. Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) added 0.52% in the regular trading and extended its gains 3.19% in the after hours.
