Las Vegas Sands (LVS) Stock Continues Uptrend

LVS seems ready to finish off a decent week, which saw a confirmed uptrend. Investors who entered LVS in the last month are enjoying a very nice rise that have seen prices go from around $16 a month ago to over almost $21 today.

Sanford C. Bernstein boosted LVS price target to $24 from $22. The analysts also said they would maintain their “outperform” rating on the stock.

Las Vegas Sands will outperform the market because everyone expects a sharp rise in net earnings per share. If there’s one thing investor love, it’s fast-rising profits, because that’s what tends to push share prices higher.

LVS invested billions in building world class hotels in Singapore, Macau, and Las Vegas that are adding more to the company’s revenue and earnings pictures daily.

One group of investors who are loving LVS these days are mutual fund managers. In the past year alone, the number of mutual funds that own LVS has doubled. Why do those savvy investors want in on this stock? It seems they’re counting on the new revenue streams of the Singapore and Macau projects to add enormous profits for the company.

Marina Bay Sands development is set to open on April 27, 2010. LVS has huge ambitions for the development, which is one of the world’s most impressive gaming facilities in a fast-growing market. Company executives have stated that they will break even on $400 million a year in revenue, with some saying that they figure could achieve $1 billion if conditions are right.

If LVS does hit a number like that, investors are likely to be well rewarded.

Shares of LVS are currently trading for $20.93 a share and the technicals look great for the stock. LVS stock has appreciated an enormous amount in the last twelve months, but if the Singapore and Macau operations do extremely well, it’s possible that investors ‘ain’t seen nothing yet.’