9 Sin Stocks For Your Watchlist: Alcohol, Cannabis & Casinos

9 Sin Stocks For Your Watchlist: Alcohol, Cannabis & Casinos

Playing cards near wineglass of whiskey and cigar One of the more fascinating — and perhaps ironic — facets of Wall Street is the ability to profit off some of life's most notorious and long-standing vices, notes Bernie Schaeffer, a leading technical and sentiment-based analyst, senior editor of Schaeffer's Investment Research and a contributor to MoneyShow. com. The category of 'sin stocks' includes stocks related to businesses and industries commonly associated with 'sins' like drinking, gambling, and smoking marijuana. We spoke with Tommy Manusco of B. A. D. Investments, the company that launched the BAD ETF (BAD), earlier this year and he shared his general 2022 outlook on the sin-centric exchange-traded fund with us: Our initial indicators suggest a positive outlook for the market this year. Narrowing in on a few sectors, we believe casinos may be in a good position to have a strong year and are set to benefit in the reopening narrative once the Omicron variant gets under control. Furthermore, the expansion of legalized gambling is something we expect to continue as more states look at the additional tax revenue that could be generated given the high price of government stimulus and spending that has occurred throughout