Increased competition, construction disruptions and higher expenses will likely affect Caesars Entertainment's (CZR) Q1 performance.
The Consumer Discretionary Select Sector SPDR ETF was the leader among the major S&P 500 sector exchange-traded funds. The consumer discretionary sector was led by Tesla, which surged nearly 12% following the firm’s tentative approval in China for advanced driver-assistance features in its cars, according to The Wall Street Journal. Caesars Entertainment was up 4.4%. The Utilities Select Sector SPDR ETF was up 1.1%, while the Real Estate Select Sector SPDR Fund was up 0.8%.
Baron Funds, an investment management company, released its “Baron Real Estate Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund had a strong performance in the quarter and generated a gain of 8.28% (Institutional Shares). The Fund beat both the MSCI US REIT Index (the REIT Index), […]