MGM Mirage

MGM-N

NYSE:MGM

31.95
0.44 (1.36%)
MGM Resorts International is a global hospitality and entertainment company operating destination resorts in Las Vegas, Mississippi, New Jersey and Detroit, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
More at Wikipedia

Analysis and Opinions about MGM-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 21, 2020
(A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
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MGM Mirage (MGM-N)
January 21, 2020
(A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
TOP PICK
TOP PICK
November 19, 2019
2018 was awful for casino stocks, but now it is poking up. He sees $40 easy and wouldn't sell it to that price. (Analysts’ price target is $34.61)
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MGM Mirage (MGM-N)
November 19, 2019
2018 was awful for casino stocks, but now it is poking up. He sees $40 easy and wouldn't sell it to that price. (Analysts’ price target is $34.61)
BUY
BUY
November 16, 2018
Loves the casinos. Nice selloff. He’d buy this all day long. When it sells off to mid-20s, it usually bounces off of that.
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MGM Mirage (MGM-N)
November 16, 2018
Loves the casinos. Nice selloff. He’d buy this all day long. When it sells off to mid-20s, it usually bounces off of that.
SELL
SELL
July 9, 2018

The sector is breaking down. There was some bad data that came out of China in their gambling numbers. There is one stock in the sector that is not too bad.

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MGM Mirage (MGM-N)
July 9, 2018

The sector is breaking down. There was some bad data that came out of China in their gambling numbers. There is one stock in the sector that is not too bad.

PAST TOP PICK
PAST TOP PICK
June 25, 2018

(Past Top Pick, May 10, 2018, Down 12%) The whole group's been hit lately, but he still likes it. It's at a good support level. There's a good future in gambling stocks.

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MGM Mirage (MGM-N)
June 25, 2018

(Past Top Pick, May 10, 2018, Down 12%) The whole group's been hit lately, but he still likes it. It's at a good support level. There's a good future in gambling stocks.

TOP PICK
TOP PICK
May 10, 2018

Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)

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MGM Mirage (MGM-N)
May 10, 2018

Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)

PAST TOP PICK
PAST TOP PICK
March 13, 2018

(A Top Pick March 9/17, Up 43%) He bought this right after the tragic Vegas shooting last year when it dipped then recently sold it when he needed the money for another stock. Still likes it. They have a strong Vegas presence by owning nine casinos. Also have a long-term opportunity in Macao and will probably get a gambling license in Japan in 2019. Wynn Resorts is no longer a factor; Wynn is out of the picture.

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MGM Mirage (MGM-N)
March 13, 2018

(A Top Pick March 9/17, Up 43%) He bought this right after the tragic Vegas shooting last year when it dipped then recently sold it when he needed the money for another stock. Still likes it. They have a strong Vegas presence by owning nine casinos. Also have a long-term opportunity in Macao and will probably get a gambling license in Japan in 2019. Wynn Resorts is no longer a factor; Wynn is out of the picture.

PAST TOP PICK
PAST TOP PICK
January 2, 2018

(A Top Pick Jan 3/17. Up 15%.) He still likes the gaming sector a lot. This one has just chugged along nicely, not a big spike up or down. It is just working its way higher and it is still going to go higher.

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MGM Mirage (MGM-N)
January 2, 2018

(A Top Pick Jan 3/17. Up 15%.) He still likes the gaming sector a lot. This one has just chugged along nicely, not a big spike up or down. It is just working its way higher and it is still going to go higher.

TOP PICK
TOP PICK
March 9, 2017

This owns casino resorts in the US, mainly Las Vegas, as well as China and Dubai. They are expanding into other parts of the US as well as Asia. This had been doing very well, but had a bad quarter, and the stock dropped to the 200-day moving average. Looking at the macro picture with a recovery in the global economy, the properties in the US and China should continue to do well. Shares are trading about 10X enterprise value over EBITDA, which is a discount to its main competitors. Dividend yield of 1.71%. (Analysts’ price target is $33.)

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MGM Mirage (MGM-N)
March 9, 2017

This owns casino resorts in the US, mainly Las Vegas, as well as China and Dubai. They are expanding into other parts of the US as well as Asia. This had been doing very well, but had a bad quarter, and the stock dropped to the 200-day moving average. Looking at the macro picture with a recovery in the global economy, the properties in the US and China should continue to do well. Shares are trading about 10X enterprise value over EBITDA, which is a discount to its main competitors. Dividend yield of 1.71%. (Analysts’ price target is $33.)

TOP PICK
TOP PICK
January 3, 2017

He loves the sector. He usually talks about the bigger companies, and this is the one that always looks like it died on the operating table. However, for the 1st time in a long time, it has actually made a move of its own without crazy volume. Barring some kind of hiccup, this stock is on its way to $40, which he thinks is attainable. It is acting quite well. (Analysts’ price target is $33.91.)

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MGM Mirage (MGM-N)
January 3, 2017

He loves the sector. He usually talks about the bigger companies, and this is the one that always looks like it died on the operating table. However, for the 1st time in a long time, it has actually made a move of its own without crazy volume. Barring some kind of hiccup, this stock is on its way to $40, which he thinks is attainable. It is acting quite well. (Analysts’ price target is $33.91.)

HOLD
HOLD
August 5, 2016

Chart shows this has recently developed an upward trend, and moved above a trading range. It is currently outperforming the market and has positive momentum. It looks fairly encouraging.

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MGM Mirage (MGM-N)
August 5, 2016

Chart shows this has recently developed an upward trend, and moved above a trading range. It is currently outperforming the market and has positive momentum. It looks fairly encouraging.

COMMENT
COMMENT
May 26, 2016

The resort space has been a little hurt and bottomed with the market, but bounced up pretty quickly. Really low volume. If it can break above the line, it has a pretty good chance of further upside. Technically he has a $33 target on this.

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MGM Mirage (MGM-N)
May 26, 2016

The resort space has been a little hurt and bottomed with the market, but bounced up pretty quickly. Really low volume. If it can break above the line, it has a pretty good chance of further upside. Technically he has a $33 target on this.

BUY
BUY
April 17, 2014

This is holding right at the 100 day moving average. On moving averages, when a stock comes down it bounces off of it several times, it is a clear uptrend and we are at that level right now. Be careful. If it drops below $21.50, that is an exit price. His expectation is $30 in the next 6 months.

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MGM Mirage (MGM-N)
April 17, 2014

This is holding right at the 100 day moving average. On moving averages, when a stock comes down it bounces off of it several times, it is a clear uptrend and we are at that level right now. Be careful. If it drops below $21.50, that is an exit price. His expectation is $30 in the next 6 months.

BUY
BUY
December 31, 2013

You have a long base, then a lot of trading and then a breakout. It looks like it will go quite a bit higher. In case there is a correction in January, you may want to get into it slowly (in thirds).

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MGM Mirage (MGM-N)
December 31, 2013

You have a long base, then a lot of trading and then a breakout. It looks like it will go quite a bit higher. In case there is a correction in January, you may want to get into it slowly (in thirds).

DON'T BUY
DON'T BUY
July 14, 2010
Very sensitive and leveraged to economic trends. A lot of debt on the balance sheet. Doesn't own any companies in this space but if he did it would probably be Las Vegas Sands (LVS-N) because their exposure is less in Las Vegas and more in Macao and Singapore, which are better growth areas.
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MGM Mirage (MGM-N)
July 14, 2010
Very sensitive and leveraged to economic trends. A lot of debt on the balance sheet. Doesn't own any companies in this space but if he did it would probably be Las Vegas Sands (LVS-N) because their exposure is less in Las Vegas and more in Macao and Singapore, which are better growth areas.
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