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.
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.
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, 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.
(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.
Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)
Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)
(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.
(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.
(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.
(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.
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.)
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.)
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.)
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.)
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.
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.
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.
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.
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.
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.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
MGM Mirage 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 BUY. Read the latest stock experts' ratings for MGM Mirage.
MGM Mirage was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-02-12. Read the latest stock experts ratings for MGM Mirage.
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 Mirage In the last year. It is a trending stock that is worth watching.
On 2021-04-16, MGM Mirage (MGM-N) stock closed at a price of $40.26.
