Back

Bullish Case: Osaka project progress, increasing tourism, and strategic expansions indicate revenue growth. Recent stock repurchases show management confidence in MGM's value proposition.


Bearish Case: Economic downturn, mean-reverting price action, and low options volume suggest potential downside. Regulatory issues could further dampen prospects.


Potential Outcomes:

1) Osaka success boosts revenue (65%).

2) Market volatility affects tourism, lower profits (25%).

3) Tightened regulations impede expansion (10%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 09, 2024


MGM Resorts International Forecast

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











Correlated Stock Forecasts

Assets that tend to move strongly with MGM



MT Forecast + Options Trading Strategies   MT  New York Shares (0.86)


IVZ Forecast + Options Trading Strategies   IVZ  Invesco Ltd (0.82)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.81)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (0.81)


HIW Forecast + Options Trading Strategies   HIW  Highwoods Properties (0.78)



Uncorrelated Stock Forecasts

Assets with little price relationship to MGM



PRTA Forecast + Options Trading Strategies   PRTA  Prothena (0.0)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.0)


RGR Forecast + Options Trading Strategies   RGR  Sturm, Ruger & Co. (0.0)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (-0.0)


NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MGM



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.63)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.64)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.66)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.67)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.67)





Become a more profitable investor with AI optimized trading strategies






×

Chat with MGM


 Ask me any question!