About MGM Resorts International Common Stock (MGM)
MGM Resorts International is a global hospitality and entertainment company that operates a diverse portfolio of destination resorts, casinos, and hotels, primarily in the United States and Macau. The company is renowned for its luxurious accommodations, expansive gaming facilities, and a wide range of dining, entertainment, and leisure options, catering to both leisure and business travelers. MGM Resorts focuses on providing a unique guest experience with its iconic properties, rich entertainment offerings, and commitment to sustainability and community engagement. Through its various brands and innovative experiences, the company aims to create memorable moments and a vibrant atmosphere for its guests. Read More
A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report showed inflation holding steady, bolstering investor optimism for a potential interest rate cut by the Federal Reserve. The data, which revealed that inflation remained at 2.7% for the year ending in July, was seen as a positive sign by investors. This stability increases the likelihood that the Federal Reserve might lower interest rates at its upcoming September meeting. Lower interest rates can stimulate the economy by making borrowing cheaper for both consumers and businesses, which often translates into higher consumer spending. This is particularly beneficial for the Consumer Discretionary sector, which includes companies selling non-essential goods and services like apparel, travel, and electronics.
Shares of digital media conglomerate IAC (NASDAQGS:IAC) fell 13.5% in the afternoon session after the company reported second-quarter revenue that fell short of analyst expectations, overshadowing a significant profit. The media and internet company’s revenue landed at $586.9 million, a 7% drop from the year-ago period. This decline stemmed from weakness in several key areas. Although IAC recorded a profit of $2.57 per share, a stark reversal from last year's loss, this figure included a large unrealized gain from its investment in MGM Resorts International. Investors appeared to focus on the operational weakness rather than the investment-driven profit.
Amazon (NASDAQ: AMZN), a name synonymous with e-commerce and technological innovation, has transformed from a humble online bookstore into one of the world's most influential and diversified companies. Founded on the premise of leveraging the burgeoning internet economy, Amazon has relentlessly pursued customer obsession, long-term thinking, and a passion for
Hospitality and casino entertainment company MGM Resorts (NYSE:MGM) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 1.8% year on year to $4.40 billion. Its non-GAAP profit of $0.79 per share was 42.7% above analysts’ consensus estimates.
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending.
Hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
will be reporting results this Wednesday afternoon. Here’s what investors should know.
Ike Barinholtz, the actor known for his role in Apple's "The Studio," is in talks to play Elon Musk in an upcoming AI-themed film, "Artificial." The movie, directed by Luca Guadagnino, is set to be released by Amazon (NASDAQ: AMZN) MGM Studios.
The sudden rebound in U.S. markets has left many analysts scrambling to catch up. Which undervalued stocks still represent a great bargain for investors?
