Bullish Case: MGM's bullish case hinges on its AI forecast implying a positive trend, despite mean reversion, indicating resilience and ongoing recovery bolstered by strategic expansions like the Osaka project.


Bearish Case: Recently trading below recent highs with low options volume suggests diminished market confidence. Backwardation in the options term structure indicates near-term uncertainty, hinting at potential bearish sentiment.


Potential Outcomes:

1) Osaka project success boosts sentiment (65%);

2) Economic downturn affects tourism (25%);

3) Regulatory changes hinder growth (10%). Market volatility likely heightened in the near term.


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February 16, 2024


MGM Resorts International Forecast

[MGM]  MGM Resorts International
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)



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MGM Balanced News:


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Correlated Stock Forecasts

Assets that tend to move strongly with MGM



BEN Forecast + Options Trading Strategies   [BEN]  Franklin Resources (0.82)


TNA Forecast + Options Trading Strategies   [TNA]  Direxion Daily Small Cap Bull 3X Shares (0.81)


LOVE Forecast + Options Trading Strategies   [LOVE]  Lovesac (0.81)


NOBL Forecast + Options Trading Strategies   [NOBL]  ProShares S&P 500 Dividend Aristocrats (0.81)


HIW Forecast + Options Trading Strategies   [HIW]  Highwoods Properties (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to MGM



CDW Forecast + Options Trading Strategies   [CDW]  CDW (0.0)


UVXY Forecast + Options Trading Strategies   [UVXY]  ProShares Ultra VIX Short-Term Futures (0.0)


ALRM Forecast + Options Trading Strategies   [ALRM]  Alarm.com (-0.0)


XES Forecast + Options Trading Strategies   [XES]  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (-0.0)


MPLX Forecast + Options Trading Strategies   [MPLX]  MPLX (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MGM



DOG Forecast + Options Trading Strategies   [DOG]  ProShares Short Dow30 (-0.49)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.65)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.7)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.73)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (-0.75)


MGM News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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