Related posts
Weak economic data sinks stocksMarkets rebound, crypto climbsStocks edge up before inflation dataThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts are optimistic about MGM Resorts International's business in Vegas, with strong growth in tourism and sports betting. However, concerns about the company's regional business and potential impact from inflation and interest rates have been raised. Despite positive earnings and sports business growth, there is confusion over the stock's performance in the market.
Their sports business has grown nicely and Las Vegas spending is picking up. Likes it.
He owns Wynn. Despite beating earnings today, MGM shares are down. The report was fairly positive, like Macau and the Superbowl. MGM has a big online sports betting book. Doesn't understand the selling.
Doesn't like casino-resorts; never believed in their balance sheets. Yes, he's wrong in the face of the strong share moves, but he still won't buy them.
Up nearly 50% YTD. He's thinking of trimming his holding, and may look at Wynn Resorts for having more exposure to Macau. MGM is building their presence there, though, and Bet MGM is a good catalyst. This has run a lot this year.
Likes their blend of casinos and sports betting. They had little exposure to Macau, which has opened now. MGM still has some tailwind, but he's reviewing in going in the second half of 2023, because the consumer will slow down.
Like Wynne, the chart has made a golden cross in October, a definite bullish sign. The casino stocks indicate what the markets will be like in 6 months. When we revert to normal, tourism will bounce back and gambling with have a huge year. The country is stir crazy and desperately wants a vacation, which will happen in the second half of 2021. This is more of a vaccine play vs. its peers like Wynne.
MGM Resorts International is a American stock, trading under the symbol MGM-N on the New York Stock Exchange (MGM). It is usually referred to as NYSE:MGM or MGM-N
In the last year, 2 stock analysts published opinions about MGM-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MGM Resorts International.
MGM Resorts International was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Resorts International.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
On 2024-12-13, MGM Resorts International (MGM-N) stock closed at a price of $36.35.
Vegas tourism is white hot. Revenue per room was up 11% in May YOY, convention attendance up 2%, and visitors up 5%. MGM has over half its business from Vegas. But he doesn't like MGM's regional business and those patrons are struggling from higher inflation and interest rates. He Likes MGM, but prefers Wynne because it has more Vegas exposure. But Vegas' boom isn't pushing up Vegas stocks, which is frustrating. Frankly, the market is getting it wrong. When Wynne reports, their strong Macau business will shine.