MGM Resorts International (MGM)

28.31
NYSE : Consumer Services
Prev Close 27.93
Day Low/High 28.09 / 28.40
52 Wk Low/High 21.61 / 31.68
Avg Volume 5.36M
Exchange NYSE
Shares Outstanding 521.43M
Market Cap 14.56B
EPS 0.80
P/E Ratio 79.80
Div & Yield 0.52 (1.80%)

Trifecta Stocks Weekly Roundup

This week, we prudently trimmed one position and used the proceeds to scale into two others as President Trump’s tariff announcement roiled the markets.

Trifecta Stocks Weekly Roundup

It was another good week for the portfolio, with the majority of our positions outperforming the major indices.

Raising Our Price Target on This Name

An expected upward move in EPS combined with the 9% quarterly dividend hike support our increased target for MGM.

Our Technical Take on MGM

MGM has caught support at a reliable trend line.

Our Take on MGM's Earnings Miss

Shares are falling in premarket trading after a short-lived rally.

Trifecta Stocks Weekly Roundup

We added a new position this week as a sharp rebound in the overall market led to pronounced moves higher in the Trifecta portfolio.

Trifecta Stocks Weekly Roundup

We exited two portfolio positions during a difficult and wildly volatile week for the markets.

Trifecta Stocks Weekly Roundup

During a wild week on Wall Street, we adjusted several price targets on positions after earnings reports.

MGM Resorts Could Correct Lower Near Term, More Upside Later

MGM Resorts Could Correct Lower Near Term, More Upside Later

Looking back over the past 18-months or so we can see in the weekly chart that our forecast played out nicely.

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

The Wall Street Journal reported a 'pattern of sexual misconduct' by the billionaire casino mogul.

Trifecta Stocks Weekly Roundup

Several Trifecta positions significantly outperformed the market averages this week, as the velocity of earnings reports increases.

MGM Resorts International Becomes #241 Most Shorted S&P 500 Component, Replacing Costco Wholesale

MGM Resorts International Becomes #241 Most Shorted S&P 500 Component, Replacing Costco Wholesale

The most recent short interest data has been released for the 12/29/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

MGM Resorts Shows a Nice Breakout

It looks like more highs might be coming for MGM Resorts.

Trifecta Stocks Weekly Roundup

It was another net positive week for the portfolio, with strong moves higher in AMAT and OLED leading the charge.

Trifecta’s Earnings Season Road Map

An early reporting calendar for our holdings; current market analysis; and what we’ll be watching for.

How High Can This Market Go?: Cramer's 'Mad Money' Recap (Friday 1/12/18)

How High Can This Market Go?: Cramer's 'Mad Money' Recap (Friday 1/12/18)

Jim Cramer marvels at the market leadership from financials, airlines and even tech stocks. Check out his game plan for next week.

Trifecta Stocks Weekly Roundup

We trimmed several hot-performing positions this week, as CES 2018 and tax reform fueled further market highs.

We'll Be Patient With MGM Resorts

Macau gaming revenue disappointed, and this could hit MGM Resorts temporarily.

Trifecta Stocks Weekly Roundup

It has been a robust year for stocks and a solid one for the Trifecta portfolio.

Trifecta Stocks Weekly Roundup

It looks like 2017 will go down as a banner year for stocks, and we’ve had a number of market-beating performers in the portfolio.

Unikrn Partners With MGM Resorts International To Host Esports Tournaments In LEVEL UP At MGM Grand Las Vegas

Unikrn Partners With MGM Resorts International To Host Esports Tournaments In LEVEL UP At MGM Grand Las Vegas

Unikrn, one of the world's leading esports brands, is proud to announce a partnership with MGM Resorts International to bring live competitive gaming and esports tournaments to LEVEL UP inside MGM Grand Hotel & Casino.

Trifecta Stocks Weekly Roundup

A look at how our portfolio performed this past week.

MGM Resorts International Becomes #170 Most Shorted S&P 500 Component, Replacing Alliant Energy

MGM Resorts International Becomes #170 Most Shorted S&P 500 Component, Replacing Alliant Energy

The most recent short interest data has been released for the 11/30/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

Trifecta Stocks Weekly Roundup

This week we exited one position, using the proceeds and cash to scale into another name.

Trifecta Stocks Weekly Roundup

A look at how our portfolio performed this past week.

Trifecta Stocks Weekly Roundup

We have a lot to be thankful for this week as nearly every position in the Trifecta portfolio moved higher through Wednesday.

19 Amazing Stocks to Buy With Economy Doing Great

19 Amazing Stocks to Buy With Economy Doing Great

Technical developments including comebacks in consumer discretionary, media, auto, and food stocks, are painting signs of broader market strength.

MGM Resorts International Takes Over #118 Spot From Noble Energy

MGM Resorts International Takes Over #118 Spot From Noble Energy

In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, MGM Resorts International has taken over the #118 spot from Noble Energy Inc , according to ETF Channel. Below is a chart of MGM Resorts International versus Noble Energy Inc plotting their respective rank within the S&P 500 over time (MGM plotted in blue; NBL plotted in green): In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components were ranked according to those averages.

Trifecta Stocks Weekly Roundup

It was a relatively busy week for the portfolio as we scaled into a number of positions, including all of our inverse ETFs.

Trifecta Stocks Weekly Roundup

Well, what do you know? The major market averages can go down, too.

TheStreet Quant Rating: B- (Buy)