Stifel says that the rally in Macau stocks which began in January was driven by better than expected gaming volumes , more relaxed visa regulations, and a less dire view of the Chinese economy. Stifel says it remains upbeat on the long-term outlook of the Macau stocks, but it thinks the stocks could be derailed in the near to medium term. According to the firm, early March data indicates that Macau GGR for the month could come in well below the consensus outlook. Additionally, the firm warns that the sector's stocks could drop if the Wynn Palace, slated to open in Q2, does not draw many visitors. Stifel keeps a Buy rating on MGM and calls the company its preferred name in the sector. Other Macau stocks include Wynn Resorts (WYNN), Las Vegas Sands(LVS), and Melco Crown (MPEL).