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MGM Resorts International (MGM-N)
NYSE:MGM
40.11
0.67
(1.70%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$49.620
No
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.
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(MGM-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 5
MGM Resorts International(MGM-N) Frequently Asked Questions
What is MGM Resorts International stock symbol?
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
Is MGM Resorts International a buy or a sell?
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.
Is MGM Resorts International a good investment or a top pick?
MGM Resorts International was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Resorts International.
Why is MGM Resorts International stock dropping?
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.
Is MGM Resorts International worth watching?
5 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
What is MGM Resorts International stock price?
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.