The recovery in entertainment and gambling appears to be happening quickly, and Caesars has said that weekend rooms were already 85% full in the first quarter. And like other companies, Caesars is seeing larger event demand picking up for the second half of the year. Given management's bullish comments for the rest of the year, investors are bidding up shares, and the stock's strong run could continue if results continue to improve.

It seems like only yesterday this stock was sitting at $9.00 for a long time. What a good bet.

Thanks to Eldorado.