Choice Equities Capital Management, a hedge fund manager, recently shared its latest investor letter for the third quarter of 2024. You can read the letter here. During the quarter, the fund lost -1.8%, bringing its year-to-date gain to +5.5%. Comparatively, the Russell 2000 gained +9.3% for the quarter and +11.2% year-to-date, while the S&P 500 had gains of +5.9% and +22.1%, respectively. Since starting in 2017, the fund has averaged gains of +15.0% annually, outperforming the indexes. Caesars Entertainment, Inc. (NASDAQ:CZR) was highlighted in the letter as a stock of interest. It operates in the gaming and hospitality industry and closed at $39.65 per share on November 4, 2024. The fund sees potential in Caesars Entertainment, Inc. (NASDAQ:CZR) due to its strategic position in the market and recent financial improvements.
Vocabulary List:
- Equities /ˈɛkwɪtiz/ (noun): Shares representing an ownership interest in a company.
- Investor /ɪnˈvɛstər/ (noun): A person or organization that allocates capital with the expectation of a financial return.
- Performance /pərˈfɔːrməns/ (noun): How well a company performs in terms of financial metrics and benchmarks.
- Hospitality /ˌhɒspɪˈtælɪti/ (noun): The friendly and generous reception and entertainment of guests visitors or strangers.
- Strategic /strəˈtiːdʒɪk/ (adjective): Related to the identification of long-term or overall aims and interests.
- Outperforming /ˌaʊtpərˈfɔːrmɪŋ/ (verb): To perform better than a benchmark or competitive standard.
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