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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%)

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.
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.
07/20/18
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.
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.

TODAY'S FREE FLY STORIES

ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
12/10/18
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18:37
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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
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18:27
Periodicals
Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

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EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
12/10/18
12/10
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18:22
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Ellington Financial reports book value per share of $19.37 as of Nov. 30th »

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NTDOY

Nintendo

$0.00

(0.00%)

18:22
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12/10
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18:22
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New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
12/10/18
12/10
18:15
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18:15
Periodicals
Google CEO supports privacy law, denies political bias, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

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  • 11

    Dec

  • 03

    Mar

APTI

Apptio

$37.86

-0.17 (-0.45%)

18:13
12/10/18
12/10
18:13
12/10/18
18:13
Downgrade
Apptio rating change  »

Apptio downgraded to Hold…

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NMRK

Newmark

$8.56

0.21 (2.52%)

18:00
12/10/18
12/10
18:00
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18:00
Hot Stocks
Newmark CEO Barry Gosin buys over $2.6M in company shares »

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EVTC

Evertec

$26.83

-0.365 (-1.34%)

17:52
12/10/18
12/10
17:52
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17:52
Hot Stocks
Evertec EVP Ramirez sells 44,378 common shares »

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  • 11

    Dec

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    Dec

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    Dec

ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

, APA

Apache

$31.27

-1.74 (-5.27%)

17:46
12/10/18
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17:46
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Apache reports 13.4% stake in Altus Midstream Company »

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ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

APA

Apache

$31.27

-1.74 (-5.27%)

03/08/13
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RHT

Red Hat

$177.13

0.03 (0.02%)

, IBM

IBM

$121.13

1.77 (1.48%)

17:45
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Red Hat sets January 16 special meeting for vote on IBM merger »

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RHT

Red Hat

$177.13

0.03 (0.02%)

IBM

IBM

$121.13

1.77 (1.48%)

03/08/13
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  • 03

    Mar

YMAB

Y-mAbs Therapeutics

$22.17

-0.36 (-1.60%)

17:42
12/10/18
12/10
17:42
12/10/18
17:42
Hot Stocks
Y-mAbs Therapeutics humanized bispecific GD2 antibody IND receives FDA clearance »

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GLD

SPDR Gold Shares

$117.68

-0.39 (-0.33%)

17:39
12/10/18
12/10
17:39
12/10/18
17:39
Hot Stocks
SPDR Gold Shares holdings rise to 760.32MT from 759.73MT »

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SAEX

SAExploration

$3.33

-0.11 (-3.20%)

17:35
12/10/18
12/10
17:35
12/10/18
17:35
Syndicate
SAExploration files to sell common stock for holders »

SAExploration filed to…

03/08/13
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BHVN

Biohaven Pharmaceutical

$40.47

-0.25 (-0.61%)

17:27
12/10/18
12/10
17:27
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17:27
Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

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WCC

Wesco

$49.28

-0.675 (-1.35%)

17:26
12/10/18
12/10
17:26
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17:26
Initiation
Wesco initiated  »

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  • 12

    Dec

MTEM

Molecular Templates

$4.30

-0.08 (-1.83%)

17:25
12/10/18
12/10
17:25
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17:25
Initiation
Molecular Templates initiated  »

Molecular Templates…

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  • 12

    Dec

COHR

Coherent

$119.34

-0.28 (-0.23%)

17:23
12/10/18
12/10
17:23
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17:23
Initiation
Coherent initiated  »

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CAMP

CalAmp

$17.02

-0.23 (-1.33%)

17:22
12/10/18
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17:22
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CalAmp announces $20M stock repurchase program »

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CR

Crane

$78.23

-0.99 (-1.25%)

17:22
12/10/18
12/10
17:22
12/10/18
17:22
Initiation
Crane initiated  »

Crane initiated with a…

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BTX

BioTime

$1.31

-0.03 (-2.24%)

17:22
12/10/18
12/10
17:22
12/10/18
17:22
Initiation
BioTime initiated  »

BioTime initiated with an…

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NVAX

Novavax

$2.14

0.09 (4.39%)

17:20
12/10/18
12/10
17:20
12/10/18
17:20
Initiation
Novavax initiated  »

Novavax initiated with an…

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LII

Lennox

$207.84

-3.275 (-1.55%)

17:19
12/10/18
12/10
17:19
12/10/18
17:19
Initiation
Lennox initiated  »

Lennox initiated with a…

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  • 12

    Dec

FCAU

Fiat Chrysler

$15.33

(0.00%)

17:17
12/10/18
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17:17
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17:17
Hot Stocks
Breaking Hot Stocks news story on Fiat Chrysler »

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AAPL

Apple

$169.61

1.24 (0.74%)

17:15
12/10/18
12/10
17:15
12/10/18
17:15
Recommendations
Apple analyst commentary  »

Apple pullback is a…

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SWK

Stanley Black & Decker

$121.93

-0.69 (-0.56%)

17:14
12/10/18
12/10
17:14
12/10/18
17:14
Initiation
Stanley Black & Decker initiated  »

Stanley Black &…

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