This week’s Market Monitor is betting on the power of smart technology.
Ross Gerber, President & CEO of Gerber Kawasaki, likes the following:
MGM Resorts (MGM) –
We love MGM as online sports betting is coming and they have a great brand to leverage. With the success Vegas is having with sports, we expect sports to drive meaningful business to Vegas over the next several years. MGM is also opening a new casino in the Macau and China continues to grow faster than expected gambling revenues are continue to grow as well.
Control 4 (CTRL) –
a small cap in home automation business. It makes a great smart home product, software and hardware for home entertainment and lighting systems. With Google & Amazon in a battle for home supremacy, CTRL is sitting in a great place.
Tesla (TSLA) –
We are buying Tesla (TSLA) stock on the model 3 launch, we think they’ve worked out their problems. We look at it as a huge opportunity. Autonomous electric cars are the future and Tesla is leading us there!