360 Round: MGM Resorts (MGM)

MGM is down after an earnings miss. Zach Warring prefers Wynn Resorts (WYNN) to MGM Resorts (MGM) and thinks Las Vegas Sands (LVS) is overvalued right now. He thinks MGM is a “good company with a strong balance sheet” but likes Wynn’s China exposure. Jordan Bender notes MGM’s ongoing investments in its business and thinks its Las Vegas market is stable. He thinks its entries into other markets will be catalysts for the shares.

Trading 360

31 Oct 2024

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