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Yields and stocks weak, Bitcoin strongTop Hotel Stocks to Buy for your Growth PortfolioSurprise rally after hot jobs reportUp 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.
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.
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, 5 stock analysts published opinions about MGM-N. 2 analysts recommended to BUY the stock. 2 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.
5 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
On 2023-12-01, MGM Resorts International (MGM-N) stock closed at a price of $40.11.
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.