CNBC’s "Fast Money Halftime Report," Jon Najarian spoke about MGM Resorts International (NYSE: MGM). Goldman Sachs downgraded the stock to Sell on a slower recovery in Las Vegas.” data-reactid=”19″>On CNBC’s “Fast Money Halftime Report,” Jon Najarian spoke about MGM Resorts International (NYSE: MGM). Goldman Sachs downgraded the stock to Sell on a slower recovery in Las Vegas.
Najarian doesn’t agree with the call. He thinks the company is still a significant player in the space as it has a good exposure all over the globe, including online. Although the stock hasn’t performed well so far, Najarian wouldn’t be a seller at the current price level.
Joe Terranova is not a buyer of MGM Resorts because its casinos are in the wrong destinations domestically. Additionally, it owns only 15% of its digital presence.
PENN), believes Terranova. It’s launching an online betting app soon and it has a distinctive marketing advantage.
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