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MGM

MGM Resorts

$29.00

-0.03 (-0.10%)

10:10
08/14/18
08/14
10:10
08/14/18
10:10

MGM calls active Tuesday after bullish risk-reversals opened Monday

MGM calls active Tuesday after bullish risk-reversals opened Monday. The stock off 13c to $28.90 and 4.8K Oct 29 calls bought to open for $1.29. 1.1K Dec 29 calls on the tape Tuesday morning as well. Total volume is 7.8K calls and 1K puts. Bullish option flow Tuesday comes after Sep 27 - 30 risk-reversals traded in size Monday, creating 16.8K open interest in Sep 30 calls and 12.1K in Sep 27 puts. Earnings reported 8/2 and the stock saw notable volatility on 8/1 after disappointing results from peer Caesars Entertainment (CZR). MGM shares down 13.7% MTD.

MGM MGM Resorts
$29.00

-0.03 (-0.10%)

08/13/18
FBCO
08/13/18
INITIATION
Target $31
FBCO
Neutral
MGM Resorts initiated with a Neutral at Credit Suisse
Credit Suisse analyst Cameron McKnight started MGM Resorts with a Neutral rating and $31 price target. The analyst thinks MGM is losing some market share in Las Vegas and that Macau could be volatile in the next 12-18 months.
07/20/18
MSCO
07/20/18
NO CHANGE
MSCO
MGM Resorts forecast lowered at Morgan Stanley to account for Macau share loss
Morgan Stanley analyst Thomas Allen, in his preview of Q2 results for the Gaming names he covers, noted that Macau GGR increased 17% in Q2, which was above his estimate of 16% growth. He also said he expects Las Vegas has had a "relatively good" quarter, noting RevPAR in April-May was up 6% and June has a "relatively easy" comparison. Allen lowered his Q2 consolidated property EBITDA estimate for MGM Resorts (MGM) by 2%, factoring in more share loss at the Peninsula property and worse hold as well as lower MGM Cotai EBITDA, and he lowered his price target on MGM to $38 from $39. He raised his Q2 consolidated property EBITDA estimate for Las Vegas Sands (LVS) by 1% and keeps an $86 price target on the stock. He raised his Q2 property EBITDA view for Wynn (WYNN) by 3% and keeps a $200 price target on its shares. Allen has Overweight ratings on Las Vegas Sands and MGM and an Equal Weight rating on Wynn Resorts.
07/11/18
JPMS
07/11/18
NO CHANGE
Target $37
JPMS
Overweight
MGM Resorts should be bought into back half of year, says JPMorgan
JPMorgan analyst Joseph Greff recommends buying shares of MGM Resorts heading into the back half of 2018. The stock offers an attractive risk/reward and setup for 2019, Greff tells investors in a research note. The analyst attributes the 10% year-to-date selloff to MGM's lowered 2018 guidance in April, an "uninspiring" investor day in May, and "disappointing" Macau market-wide gross gaming revenue growth in May and June. He believes most of the issues that have caused 2018's underperformance are transitory and that expectations are "reasonably/incredibly low." Greff lowered his price target for MGM shares to $37 from $41 and keeps an Overweight rating on the name.
07/05/18
MSCO
07/05/18
NO CHANGE
MSCO
Pullback in Macau gaming names a buying opportunity, says Morgan Stanley
Morgan Stanley analyst Thomas Allen believes the recent selloff in Macau gaming stocks is overdone, as he contends the fact that Macau's gaming revenue growth has missed on the headline for two months in a row is attributable to rising expectations, foreign exchange impacts and likely an improper factoring in of seasonality and the World Cup. Q2 gross gaming revenue growth of 17.2% still beat his forecast of 16%, noted Allen, who said Las Vegas Sands (LVS) continues to be his favored gaming name. He also has an Overweight rating on MGM Resorts (MGM). Allen keeps an Equal Weight rating on Wynn Resorts (WYNN), but sees the stock becoming increasingly attractive if Macau is still "very healthy," as he suspects.

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09/26/18
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FX Action: USD-JPY traded above 113.00 »

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KKR

KKR

$28.12

-0.13 (-0.46%)

21:13
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KKR forms management company to provide health care services in China »

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A

Agilent

$70.38

0.43 (0.61%)

21:11
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Agilent acquires ACEA Bioscience for $250M in cash »

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EQM

EQT Midstream Partners

$52.64

-2.16 (-3.94%)

20:58
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09/25
20:58
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20:58
Recommendations
EQT Midstream Partners analyst commentary at MUFG »

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FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

20:42
09/25/18
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20:42
Syndicate
FlexShopper 10M unit Secondary priced at $1.00 »

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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

20:40
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IGC to enter Hemp/CBD-infused energy drink space »

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

20:32
09/25/18
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Breaking Periodicals news story on Delta Air Lines »

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  • 09

    Nov

SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

20:32
09/25/18
09/25
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20:32
Periodicals
Trump considering keeping Deputy AG Rosenstein, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

SPX

S&P 500

$0.00

(0.00%)

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ARCE

Arco Platform

$0.00

(0.00%)

20:31
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09/25
20:31
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20:31
Syndicate
Arco Platform 11.111M share IPO priced at $17.50 »

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KMX

CarMax

$75.87

-0.01 (-0.01%)

20:25
09/25/18
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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AINC

Ashford

$75.95

-11.75 (-13.40%)

20:23
09/25/18
09/25
20:23
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20:23
Syndicate
Ashford 270K share Secondary priced at $74.50 »

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  • 27

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ANAB

AnaptysBio

$94.68

-7.25 (-7.11%)

20:21
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09/25
20:21
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20:21
Syndicate
AnaptysBio 2.2M share Secondary priced at $94.46 »

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  • 26

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SF

Stifel Financial

$53.96

-0.08 (-0.15%)

20:01
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Stifel Financial and Everbright Sun Hung Kai establish strategic partnership »

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  • 25

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I

Intelsat

$27.08

4.365 (19.22%)

19:59
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Intelsat and Azercosmos announce successful satellite launch »

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SKY

Skyline

$30.88

0.66 (2.18%)

19:49
09/25/18
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19:49
Hot Stocks
Breaking Hot Stocks news story on Skyline »

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KBH

KB Home

$25.29

-0.24 (-0.94%)

, AIR

AAR Corp.

$46.03

1.04 (2.31%)

19:28
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Hot Stocks
Fly Intel: After Hours Movers »

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KBH

KB Home

$25.29

-0.24 (-0.94%)

AIR

AAR Corp.

$46.03

1.04 (2.31%)

VSTM

Verastem

$7.15

-1.74 (-19.57%)

CGIX

Cancer Genetics

$1.22

-0.01 (-0.81%)

VNDA

Vanda Pharmaceuticals

$20.70

0.3 (1.47%)

NLSN

Nielsen

$27.21

0.055 (0.20%)

CYH

Community Health

$3.41

-0.08 (-2.29%)

AUPH

Aurinia Pharmaceuticals

$5.89

0.02 (0.34%)

GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

ABBV

AbbVie

$93.78

0.34 (0.36%)

NKE

Nike

$84.79

0.52 (0.62%)

CTAS

Cintas

$212.99

1.81 (0.86%)

LULU

Lululemon

$158.42

1.04 (0.66%)

CONE

CyrusOne

$64.65

-0.6 (-0.92%)

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CBS

CBS

$56.54

-0.07 (-0.12%)

19:19
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CBS names Richard Parsons interim chairman »

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ZUMZ

Zumiez

$27.00

-0.55 (-2.00%)

19:09
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Initiation
Zumiez initiated at DA Davidson »

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ROST

Ross Stores

$97.54

0.26 (0.27%)

, TJX

TJX

$110.33

0.605 (0.55%)

19:03
09/25/18
09/25
19:03
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19:03
Initiation
Ross Stores, TJX initiated at DA Davidson »

Ross Stores initiated…

ROST

Ross Stores

$97.54

0.26 (0.27%)

TJX

TJX

$110.33

0.605 (0.55%)

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MNOV

MediciNova

$11.68

-0.17 (-1.43%)

19:01
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MediciNova announces 'positive' FDA feedback on Phase 3 plan for MN-166 »

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PVH

PVH Corp.

$140.00

-0.56 (-0.40%)

18:58
09/25/18
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18:58
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18:58
Initiation
PVH Corp. initiated at DA Davidson »

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  • 02

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GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

18:50
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Initiation
Canada Goose initiated at DA Davidson »

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PM

Philip Morris

$79.91

-0.55 (-0.68%)

18:47
09/25/18
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Periodicals
Philip Morris hits streets to sell older smokers on new devices, Bloomberg says »

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URBN

Urban Outfitters

$40.06

-0.32 (-0.79%)

18:45
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Initiation
Urban Outfitters initiated at DA Davidson »

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