MGM
August 17, 2021 | Daily JAM, Jubak Picks, MGM, VIX, Volatility, WH |
I try to use big up and (especially) down days in the stock market to stress test my portfolio. One of the things I look to learn from a high volatility down days is how the hedges that I’ve put on to protect my portfolio work under big stress. So, for example, on a big day down day like July 16, when the Dow Jones Industrial Average fell 725 points, I looked to see if 1) the hedges I owned worked to reduce or better yet eliminate my downside losses, and 2) how much those hedges were costing me in opportunities for upside gains postponed.
May 25, 2021 | AMAT, Daily JAM, MGM, Mid Term, Morning Briefing, NXPI, Special Reports |
2021 will be a very different year from 2020. Or to be more exact the second half of 2021 and 2022 will be very different. We’re looking at going from a financial market where investors and traders believed the Federal Reserve was on their side with cash and more cash to push the prices of financial assets higher and then higher some more to a market where everyone is asking when will the Fed take th punch bowl away and shut down the party.Let me be clear. At this point it’s not the certainty that the Fed will reduce its $120 billion in monthly bond buying in this exact month or that, or the certainty that the Fed will start raising interest rates before the end of 2022, say, but rather the worry that those events are on the calendar, that they will change the trend in the market, and that no one can predict when the turn will materialize.FDR said “We have nothing to fear but fear itself.” To which the market right now says “Exactly.” Look at this “fear and worry calendar” that I’ve put together. And today I’ve got 3 picks and one hedge for this market
April 3, 2021 | Daily JAM, MGM, QSR, WH |
This week will bring positioning for what’s looking like a record quarter for earnings growth for the first quarter of 2021 that’s likely to keep the stock market trend pointing upward. The first earnings report for the quarter are due from the big banks on April 14 and 15.
On April 1 FactSet reported that the bottom-up analyst earnings projection for the stocks in the Standard & Poor’s 500 for the first quarter had climbed 6% as the quarter itself progressed. That’s the biggest increase in analyst projections since FactSet began tracking quarterly bottom-up earnings estimates in the second quarter of 2002. Normally, analyst estimates slip downwards as the quarter progresses with the average decrease of the last five years at 4.2%
What we’re looking at the the possibility of an almost unbelievable surge in earnings in the first quarter of 2021, the second quarter, and for the whole year–caused by year-to-year comparisons with the pandemic recession in these quarters of 2020.
April 1, 2021 | Daily JAM, MGM, QSR, Videos, WH |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The seventeenth YouTube video “3 picks for earnings” went up today.
March 15, 2021 | Daily JAM, Jubak Picks, MGM |
Shares of MGM Resorts International (MGM) are up 15.16% since I added them to my Jubak Picks Portfolio on February 11, 2021. I don’t think the gains are done for this casino and hotel stock. Today I’m raising my target price to $48 a share from the current $42
February 11, 2021 | Daily JAM, MGM, Millennial |
I’m taking advantage of today’s drop in shares of MGM Resorts International (MGM) after yesterday’s earnings report to add these shares to my new Millennial Portfolio. The stock dropped on bad pandemic performance from the company’s Las Vegas casinos and resorts and a slide in revenue from its Macao operations. But revenue from online betting soared. And that business is the future of MGM–and the reason that investors with long-time horizons would want to own this stock. (And it won’t hurt at all, when revenue picks up from Las Vegas operations once the pandemic is in the rear-view mirror.
January 28, 2021 | AG, Daily JAM, DIS, FCX, FQVLF, GDX, GOLD, Jubak Picks, MGM, Morning Briefing, SCCO, Top 50 Stocks |
U.S. GDP growth slowed in the fourth quarter, gaining just 1% from the third quarter. For the full year the U.S. economy contracted by 3.5%. That makes 2020 the first time that the economy has contracted for a full year since 2009 and the Great Recession. At the bottom of that recession that economy contracted by 2.5%. 2020 is also the worst year for economic growth since 1946 when the economy shrank by 11.6% as the country demobilized after World War II. Consumer spending slowed in all 15 categories tracked by the Bureau of Economic Analysis. The sectors that had powered the recovery in the third quarter–restaurants and hotels, for instance–reversed. The growth in spending on cars and health car also slowed from the acceleration in the third quarter. So why is this good news as far as the stock market is concerned?
December 28, 2018 | Daily JAM, MGM, Stock Alerts |
If you're thinking of doing some bottom fishing in a belief that the bear market might be nearing a bottom or that the recent Santa Claus rally could last into the first half of January, I'd suggest you take a look at some charts, either of individual stocks or of...
November 26, 2018 | ADSK, AMAT, CRM, Daily JAM, MGM, Morning Briefing, Short Term |
The huge bounce on Wednesday, November 21, isn't a guarantee of another bounce. But it does testify that a bounce is possible in this market. It tells us something about the likely conditions for a bounce--low volume days of the sort that are increasingly frequent at...
June 25, 2018 | Daily JAM, MGM, Stock Alerts |
I still believe in all the catalysts that I touted for MGM Resorts International (MGM) for late this year--yes, the company's new Macao casino will give the company more exposure to that market, yes, a wave of states legalizing sports gambling plays to MGM's...
June 15, 2018 | Daily JAM, MGM, Stock Alerts |
Shares of MGM Resorts International (MGM) peaked for 2018 (so far) at $38.03 on January 29, 2018 and since then the trend has been brutally downward. The stock's 50-day moving average broke below its 200-day moving average (a moment that technical analysts called the...
February 19, 2018 | Daily JAM, MGM, Stock Alerts |
Tomorrow's earnings report from MGM Resorts International (MGM) could be make or break for the call options that I hold on this stock in my Volatility Portfolio. The options have been all over the block in recent weeks from up 50% to down 30% on market volatility and...
