MGM Resorts (MGM) “Compelling” Stocks Gets Upgraded
Valuation is “compelling” as the non-Macau entity is trading at 1-times turn discount relative to regionals, says a Truist analyst on MGM Resorts (MGM). Alex Coffey and Jenny Horne discuss MGM, as its business is still doing well in Las Vegas. They also compare MGM to other Online Casino Saudi Arabia stocks such as Las Vegas Sands (LVS), Wynn Resorts (WYNN), and Penn National Gaming (PENN). Alex then demonstrates an example trade using MGM. The trade type is a buy call calendar and direction is bullish. Tune in to find out more about the stock market today.
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