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Watch Out for This NASDAQ - Listed Consumer Discretionary Stock: Caesars Entertainment Inc

Aug 26, 2022 | Team Kalkine
Watch Out for This NASDAQ - Listed Consumer Discretionary Stock: Caesars Entertainment Inc

 

Section 1: Company Fundamentals

Section 2: Caesars Entertainment Inc (“Watch” at USD 44.31, the closing market price as of August 26, 2022)

2.1 Company Details

 

2.2 Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 3: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect against further losses in case of unfavourable movement in the stock prices.


Disclaimer

Kalkine New Zealand Limited is authorised to provide general advice only. The information on this website does not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions.

Past performance is not a reliable indicator of future performance.