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☆ These are the most oversold stocks during a harsh September for the market
▼ + stars: | 2023-09-29 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Conversely, a reading lower than 30 typically means a stock is oversold and could be a signal of a possible buying opportunity. MGM YTD mountain MGM in 2023 Realty Income is the most oversold company in the S & P 500, scoring the lowest RSI of the lot at 5.19. Other oversold stocks include Boeing , discount retailer Dollar General and cloud software company Salesforce . Travelers Companies is the most overbought stock in the broad-based index with an RSI of 79.89. Big-name health-care and insurance company UnitedHealth Group , with a market cap of $469.26 billion, has a 14-day RSI of 75.54.

Persons: Wells Fargo, Chubb Organizations: Nasdaq, Dow Jones, CNBC Pro, MGM Resorts, MGM, Culinary Workers Union, Wynn Resorts, Wall Street, Netflix, Hollywood, Boeing, Dollar, Travelers Companies, . Insurance, UnitedHealth, Pharmaceutical, Humana, Arch Capital Group Locations: Vegas

☆ MGM Resorts is back online after a huge cyberattack. The hack might have cost the Vegas casino operator $80 million.
▼ + stars: | 2023-09-21 | by ( Will Gendron | Associated Press | ) www.businessinsider.com time to read: +3 min

A recent cyberattack by a notorious hacking group targeted MGM, disrupting its Las Vegas locations. The hack sheds light on the way cybersecurity can play out in the real world. Rival casino owner Caesars Entertainment also disclosed last week to federal regulators that it was hit by a cyberattack Sept. 7. But Moody also noted that MGM Resorts reports annual revenues above $14 billion, which would mean it averages at least $270 million in revenues per week. Experts said the attacks exposed critical cybersecurity weaknesses at MGM and Caesars and shattered an image of casino invulnerability.

Persons: Gregory Moody, Moody, Christopher Budd, There's Organizations: MGM, Service, MGM Resorts, Aria, Caesars Entertainment, Social, University of Nevada, Caesars Locations: Wall, Silicon, Las Vegas

☆ Hackers who breached casino giants MGM, Caesars also hit 3 other firms, Okta says
▼ + stars: | 2023-09-19 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +3 min

David Bradbury, chief security officer of the identity management company Okta, said five of the company's clients, including MGM and Caesars, had fallen victim to hacking groups known as ALPHV and Scattered Spider since August. In an interview with Reuters, Bradbury didn't name the other companies, but said Okta was cooperating with official investigations into the breaches. "We've seen consistently over the past six to 12 months, a ramp up in these types of attacks," Bradbury said. Bradbury said the group had breached into MGM and obtained access to its Okta client, which allowed it further access to more credentials in the identity management firm's system. Bradbury said Mandiant's description of the group's tactics aligned with what Okta had observed in the recent hacks.

Persons: Bridget Bennett, David Bradbury, Bradbury didn't, Okta, Bradbury, We've, ALPHV, Google's, Zeba Siddiqui, Michael Perry Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, MGM Resorts International, Caesars Entertainment, Caesars, Reuters, Google's Mandiant Intelligence, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Macau, San Francisco, United States

☆ Clorox says last month's cyberattack is still disrupting production
▼ + stars: | 2023-09-18 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Clorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month. It expects to start bringing systems back up to speed next week, and will ramp up to full production "over time." Now, a month later, the attack is still causing "widescale disruption" to the companies operations, according to a Clorox securities filing. The breach at Clorox comes as Las Vegas casino companies MGM and Caesars reckon with their own cyberattacks. MGM also warned of a potential material impact on its finances.

Persons: Clorox Organizations: Las, MGM, Caesars, Clorox Locations: Sol, Las Vegas

NEW YORK, Sept 13 (Reuters) - Rating agency Moody's has warned that a recent data breach at gaming company MGM Resorts International (MGM.N) could negatively impact the company's credit. Moody's said that while casino floors were back in action, the incident "highlights key risks related to (MGM's) business operations' heavy reliance on technology and the operational disruption caused when systems need to go offline or are inoperable." Messages seeking comment from MGM, the FBI and the U.S. cybersecurity watchdog agency CISA were not immediately returned. MGM Resorts' website was "currently unavailable," according to a holding message posted to the group's homepage. Reporting by Raphael Satter; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Moody's, extortionists, Raphael Satter, David Holmes Organizations: MGM Resorts International, MGM, FBI, U.S, MGM Resorts, Thomson Locations: Las Vegas

☆ MGM Resorts cyberattack and outage stretches into third day
▼ + stars: | 2023-09-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

MGM continued to describe the situation as a "cybersecurity issue" in its SEC filing. The company has not yet brought its corporate email, restaurant reservation and hotel booking systems back online. Credit agency Moody's warned on Wednesday that the cyber incident highlighted "key risks" within MGM and could negatively affect the company's credit rating. In 2020, MGM acknowledged that it had lost the personal information of more than 10 million customers in a hack. Other than a brief update Tuesday confirming that the company had brought its gaming floors back online, MGM has provided little further information.

Persons: Moody's Organizations: MGM Resorts, U.S . Securities, Exchange Commission, MGM, SEC, Ticketmaster, FBI, CNBC

☆ Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest
▼ + stars: | 2023-09-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.

Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23

☆ Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and more
▼ + stars: | 2023-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company is calling for revenue ranging between $610 million and $645 million, while analysts called for $632 million, per Refinitiv. Qualcomm posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecast $8.5 billion. Zillow forecasts revenue of $458 million to $486 million, while analysts polled by FactSet are calling for revenue of $488.1 million. The company reported revenue of $494 million in the second quarter, while analysts polled by Refinitiv anticipated $473 million. The company posted $533 million in revenue, while analysts polled by Refinitiv sought $518 million.

Persons: Vlad Tenev, Baiju Bhatt, Etsy, DoorDash, FactSet, Qorvo, Refinitiv, Tripadvisor, Darla Mercado Organizations: Refinitiv, Qualcomm —, Qualcomm, MGM Resorts, MGM, PayPal, Refinitiv . Revenue, Unity Locations: New York City

Despite a mixed earnings season so far, analysts are still optimistic on a host of stocks that have yet to report. By this week's end, more than half of S & P 500 companies will have reported quarterly earnings, according to The Earnings Scout. As analysts and traders look to the second half of the earnings season, these are some of the stocks with upward momentum heading into their reports. CNBC Pro screened S & P 500 stocks for those that are reporting next week and have seen the average analyst raise earnings estimates at least 10% when looking over a three- and six-month period. These stocks have also had their average targets for share prices raised in the last three months.

Persons: Tami Zakaria, Zakaria, destocking, Molson, — CNBC's Michael Bloom Organizations: CNBC Pro, MGM Resorts International, Gaming, MGM, Caterpillar, JPMorgan, Molson Coors, NRG Energy, ON Semiconductor Locations: Macao, Las Vegas, 2H23

☆ Marriott enters licensing deal with MGM to boost presence in Las Vegas strip
▼ + stars: | 2023-07-17 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

[1/3] Logo of Marriott hotel is seen in Vienna, Austria April 9, 2018. REUTERS/Heinz-Peter Bader/File Photo/File PhotoJuly 17 (Reuters) - Marriott International (MAR.O) said on Monday it entered a 20-year licensing agreement that will allow its loyalty members to earn and redeem existing points for booking stays at MGM Resorts International's (MGM.N) properties. The pair launched "MGM Collection with Marriott Bonvoy," which will allow members of the Marriott Bonvoy rewards program to earn and redeem points for stays at 17 MGM resorts across the United States and Canada. MGM's 40 million members will gain access to the Bonvoy loyalty program. Marriott will earn fees on total room revenue on the MGM Resorts that are part of the agreement, Marriott CEO Anthony Capuano said.

Persons: Heinz, Peter Bader, Marriott, Kate Xiao, Bill Hornbuckle, Bernstein's Xiao, Anthony Capuano, Barry Jonas, Aishwarya Nair, Shweta Agarwal, Will Dunham Organizations: REUTERS, Marriott, MGM Resorts, MGM, Cosmopolitan, Bernstein Hotels, Reuters, Truist Securities, Thomson Locations: Vienna, Austria, United States, Canada, Las Vegas, Marriott's, Bengaluru, Doyinsola, New York

☆ These stocks had a huge first half. Wall Street believes the rest of the year could be even better
▼ + stars: | 2023-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

While the stock market is on pace for a surprisingly big rally in the first half of the year, certain stocks have led the pack. The U.S. economy has so far dodged a recession and consumers are continuing to spend, which is underpinning Wall Street's optimism. CNBC used FactSet data to screen for stocks that meet the following criteria: Stocks included have gained more than 14% from the start of the year. Nearly 74% of analysts rate the stock as a buy, according to FactSet, while their average price targets imply 20% upside. DAL YTD mountain More than 80% of analysts covering Delta rate the stock as a buy, according to FactSet.

Persons: DAL Organizations: Federal Reserve, Nasdaq, Dow Jones Industrial, MGM Resorts, Delta Air Lines, CNBC, Warner Bros, Discovery, Warner Bros Discovery, Caesars Entertainment, MGM, Caesars, Sands, Nassau Coliseum, Alaska Air Group Locations: U.S, New York

☆ Americans are spending less money even as the Chinese spend more. Take a look at the 5 major US companies winning on China's spending spree.
▼ + stars: | 2023-05-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

As people in China get out of their homes to travel and spend, retail sales have improved in China, rising almost 11% year-on-year in March. In comparison, China's core inflation rose just 0.7% in March from a year ago, according to official data from Beijing. All this means American companies facing a slowdown in US consumption are getting a boost from Chinese demand. He added the MGM China division posted a "swift return to profitability." Net revenues for the MGM China division were also 130% higher from a year ago "amid strong reopening trends," MGM said in its earnings release.

HONG KONG, April 26 (Reuters Breakingviews) - If Japan is the next Macau, $16 billion MGM Resorts International (MGM.N) may be the only winner left at the table. After years of debate and delays, Japan has finally given approval for a resort in Osaka. But as diversifying from China becomes a popular mantra, this big bet looks smarter than it once did. The 1.08 trillion yen ($8.1 billion) resort is set to open in 2029. U.S. casino operator MGM Resorts International and local partner Orix will each own a 40% stake in the company set up to manage the complex.

☆ Barclays says buy MGM, a 'premium diversified global gaming operator' with nearly 40% upside
▼ + stars: | 2023-02-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to bet on shares of MGM Resorts International , according to Barclays. Analyst Brandt Montour initiated coverage of the casino operator with an overweight rating, saying that shares should benefit from a recovery in Macao and continued strength in the Las Vegas market. MGM YTD mountain Shares have rise nearly 29% year to date MGM shares have surged nearly 29% after tumbling more than 25% in 2022. Compared to U.S. regional casinos, Montour expects Las Vegas to better weather a softening economy this year, which should bode well for MGM. MGM's "iGaming position is second to none, a business we are bullish on over the next 2-5 years," Montour said.

FanDuel expected to handle more than 17 million Super Bowl bets. GeoComply , a company that verifies the locations where gamblers are betting, saw 100 million sports betting transactions this Super Bowl weekend, an increase of 25% over last year. It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. "This was BetMGM's most successful Super Bowl and most bet on single game sporting event ever," the company told CNBC. Already, sportsbooks are accepting wagers for next year's Super Bowl, which, for the first time, will take place in America's gambling capital – Las Vegas.

☆ With record Super Bowl wagers expected, here are Wall Street's top sports-betting stocks
▼ + stars: | 2023-02-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The names were a member of Roundhill Sports Betting & iGaming ETF , VanEck Gaming ETF , and/or iBet Sports Betting & Gaming ETF . Of the gaming companies on the list, Caesars Entertainment has the most upside to the average analyst price target, 26.2%. Caesars gaming empire includes Caesars Sportsbook, which came out of the company's 2021 $4 billion acquisition of William Hill . MGM Resorts follows with 23% upside to the average analyst price target. The stock, which has gained nearly 6% so far this year, has 11% upside to the average analyst price target.

☆ Amazon Studios is growing fast and spending big on shows like 'Citadel,' but insiders say unclear creative direction, leadership shifts, and tech bureaucracy threaten to drive away staff and talent
▼ + stars: | 2023-02-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +20 min

The dust has been settling at Amazon Studios after a big reorg in the fall that solidified Jen Salke's power. Yet Amazon Studios faces major challenges. Amazon Studios' Head of Global Television Vernon Sanders told Insider that the goal is to deliver content with global cultural relevance. Amazon Prime VideoWhile spending on such big swings has soared, some insiders see far less budgetary support for underrepresented casts. "I do think people wonder what's the commitment to Amazon Studios," the current insider said.

☆ Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Disney — Shares of the entertainment company rose more than 6% after the company released its fiscal first-quarter earnings report. Robinhood — Shares rose 5% after Robinhood missed revenue expectations in its latest earnings report. Analysts called for per-share earnings of $1.83 on revenue of $4.59 billion, according to FactSet. Although the company reported $1 billion in revenue for the latest quarter, compared to analysts' expectations of $958 million, according to Refinitiv. MGM beat analysts' estimates on fourth-quarter revenue, posting $3.59 billion compared to the $3.35 billion expected by Wall Street, according to Refinitiv.

☆ These stocks have been hit the hardest by Fed rate hikes — now they could rally if there's a pause
▼ + stars: | 2023-01-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

To find such names, CNBC Pro looked back at the stocks that were hit the hardest in the five trading days after each of last year's Fed rate hikes, starting with the first quarter point increase last March. Of those, we took the worst median performance within that five-day period for each of 2022's seven rate hikes. Warner Bros Discovery tops the list, losing a median 10.7% after the Fed rate hikes (bearing in mind the present company was put together in early April last year.) Chipotle Mexican Grill was also hit in the wake the Fed's rate increases, losing a median 6.9% overall. Overall, the electrical vehicle leader lost a median 6.8% in the week following last year's Fed rate hikes.

☆ 8 stocks that have reclaimed their long-term bullish trend
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The 200-day moving average calculates the average price of the index over the last roughly 40 weeks. The S & P 500 ended Friday at 3,999.09 points, above the 200-day average of 3,981.22. On Monday, the S & P 500 broke a four-day winning streak , slipping 0.2% to 3,990.97, but it remained above that key point. About two out of every three S & P 500 stocks are individually above their respective 200-day moving averages, according O'Hara. All numbers are current through Friday's close: Airlines Alaska and Delta are both trading around 10% above their 200-day moving average.

☆ Stocks making the biggest moves midday: Tesla, Wynn, Traeger, Amazon and more
▼ + stars: | 2023-01-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Tesla – Shares of Tesla shed 13% after the company announced fourth-quarter vehicle deliveries that fell short of Wall Street's expectations. Wynn Resorts – Shares of Wynn Resorts added more than 2% after Wells Fargo upgraded the hotel and casino operator, saying it sees a significant reopening opportunity and citing China's moves toward a full reopening. MGM Resorts added 1%. Molina Healthcare — The health care company slid nearly 5% despite the company saying it expects revenue from California Medicaid to double under revised contracts. PayPal – Shares added 4.1% after Truist upgraded PayPal to buy from hold, saying that estimates now look reasonable.

☆ Truist upgrades MGM Resorts, says strong 2023 Las Vegas Strip calendar can boost stock more than 30%
▼ + stars: | 2022-12-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

MGM Resorts could be in for a big rally in the new year thanks to a jam-packed events calendar on the Las Vegas Strip, according to Truist. This event was held in Las Vegas last year, but Jones noted that comps will be easy to beat as the omicron Covid variant breakout hindered turnout. Other events slated to take place on the strip include the Formula 1 Las Vegas Grand Prix in the third quarter and the electric Daisy Carnival in the second quarter. Attendance to the former is expected around 170,000, while turnout for the latter is forecast at more than 400,000, Truist said. Still, he thinks that "the number and quality of events planned for Vegas should drive relative outperformance."

☆ Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ford Motor , General Motors — Shares of Ford and GM fell 7% and 5% respectively, after UBS downgraded both stocks. The firm lowered Ford to a sell rating from neutral and cut GM to a neutral from a buy. Casino stocks — Shares of hotel and casino companies were the top decliners in the S&P 500, with Wynn Resorts down 11.6% and Las Vegas Sands losing 8.5%. Kraft Heinz — The food maker's shares rose 2% after Goldman Sachs upgraded them to buy from neutral, noting that higher profit margins haven't been fully priced into the stock. Merck — Shares of the pharmaceutical giant rose 2.8% after Guggenheim upgraded Merck to buy from neutral.

☆ Insider Life: Red-hot housing market — MGM's Picasso auction — Austin's 'new normal'
▼ + stars: | 2021-08-13 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

Kingsley CarsKingsley Cars is a UK-based company that transforms old Range Rovers into $200,000 works of art. Plus, some say Stitch Fix doesn't have enough trendy clothes for clients looking for post-pandemic, "back-to-life" outfits. Hear more from Stitch Fix stylists. See some of the art going up for auction. Marianne Ayala/InsiderAustin's hot housing market has reached what brokers are calling a "new normal."

☆ Gigantul Amazon va cumpăra celebrul studio hollywoodian, Metro Goldwyn Mayer. Care este motivul
▼ + stars: | 2021-05-27 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Gigantul Amazon va cumpăra celebrul studio hollywoodian Metro Goldwyn Mayer cu suma de 8,45 miliarde de dolari. Motivul achiziției ar putea fi celebra serie de filme "James Bond". MGM are în spate aproape un secol de istorie cinematografică, cu peste 4.000 de filme și 17.000 de emisiuni TV în catalogul său. Acesta va completa activitatea Amazon Studios, care se concentrează în principal pe producţia de programe şi emisiuni de televiziune. Amazon a adăugat că va contribui astfel la conservarea moştenirii şi a catalogului de filme şi va oferi clienţilor "un acces mai bun la aceste opere existente".

Persons: Metro Goldwyn Mayer, James, . Organizations: Metro, . MGM, Amazon, Foods, MGM, Amazon Studios Locations: ranzacție

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