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Fly News Breaks for December 4, 2019
MGM, WYNN, MLCO
Dec 4, 2019 | 07:17 EDT
Following a "tough and volatile" 2019, Macau gaming stocks are "setting up nicely to own" heading into 2020, JPMorgan analyst Joseph Greff tells investors in a research note. The analyst, who thinks owning Macau stocks is a non-consensus idea, sees easing market-wide growth comparisons, attractive valuations, and not excessively expectations. His top two Macau-centric stocks are Melco Resorts & Entertainment (MLCO) and Wynn Resorts (WYNN). Greff also likes MGM Resorts (MGM) as well, despite its recent move, but he considers that more of a Las Vegas Strip centric investment.
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