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Mr. Market Got This Stock All Wrong

MGM Resorts is generating cash and buying back stock, so why is the market worried?

By Travis Hoium – Aug 3, 2024 at 5:00AM EST

MGM Resorts (MGM 0.20%) reported solid numbers in the second quarter, but the stock dropped like a rock after earnings. What is the market seeing and why is this a buying opportunity? That's exactly what Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of Aug. 1, 2024. The video was published on Aug. 2, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

MGM Resorts International Stock Quote
MGM Resorts International
NYSE: MGM
$36.68
(-0.27%)-$0.10
Las Vegas Sands Stock Quote
Las Vegas Sands
NYSE: LVS
$54.34
(+0.04%)+$0.02
Entain Plc Stock Quote
Entain Plc
LSE: ENT
$576.60
(-0.45%)-$2.60
Caesars Entertainment Stock Quote
Caesars Entertainment
NASDAQ: CZR
$26.53
(-0.07%)-$0.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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