Caesars Entertainment (CZR) recently announced their Q2 earnings and to the surprise of many, revenue was up 12% to $2.8 billion. The Las Vegas casinos positive earnings fully outperformed the estimate experts had in mind After wind of the positive earnings the CZR stock saw a boost jumping 3.46%.
Caesars Jumps After Positive Earnings And ETFs Follow
ETF Newz Says:
One ETF that looks to benefit from the boost is the iBET Sports Betting and Gaming ETF (IBET) which allocates 2.45% of its holdings in CZR.