Related posts
Stocks climb amid earnings, tariffs and inflationWeak economic data sinks stocksMarkets rebound, crypto climbsThis summary was created by AI, based on 2 opinions in the last 12 months.
MGM Resorts International is experiencing a strong performance in its Las Vegas operations, with key metrics indicating growth. Revenue per room saw an 11% increase year-over-year in May, while convention attendance rose by 2% and overall visitor numbers went up by 5%. Despite these positive indicators, some analysts express concerns about MGM's regional business, which appears to be affected by higher inflation and interest rates. While MGM is favored for its Las Vegas exposure, experts prefer Wynn due to its stronger performance in Vegas and international markets, like Macau. Overall, there is frustration in the market regarding the stock's current valuation, as the boom in Vegas has not yet been reflected in stock prices, suggesting that the market's assessment may be misguided.
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, 4 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.
4 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
On 2025-04-01, MGM Resorts International (MGM-N) stock closed at a price of $29.94.
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.