Accel EntertainmentNYSE: ACEL

Strong interest in online betting is a positive sign for the Gaming sector. Companies such as CHDN, LNW, and ACEL stand to gain from this growing trend in the industry.

At Zacks, our main priority is the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight solid choices.

Accel Entertainment (ACEL) has a strong track record of surpassing earnings expectations and is well positioned to outperform in its upcoming quarterly report.

Success at investing may have more to do with “time in the market” than “timing the market,” but on occasion, getting into a particular stock at the right time can be a very profitable move. With this, there's merit in research what are the best little-known stocks to buy.

Accel's (ACEL) fourth-quarter 2023 results reflect growth in the number of locations and gaming terminals, contributing to the top-line growth. Also, its focus on the local gaming market bodes well.

Accel Entertainment, Inc. (ACEL) Q4 2023 Earnings Call Transcript

Here is how Accel Entertainment (ACEL) and AMC Networks (AMCX) have performed compared to their sector so far this year.

Gaming stocks like Light & Wonder (LNW), Accel Entertainment (ACEL) and Churchill Downs (CHDN) benefit from expansion efforts and improving visitation.

Stocks like Accel Entertainment (ACEL), DoubleDown Interactive (DDI), Hooker Furnishings (HOFT), Lululemon Athletica (LULU) and Warner Music Group (WMG) are likely to benefit from Fed's decision to keep interest rates unchanged.