Cramer Won't Touch Casino Stocks (MGM, LVS, WYNN)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/9/2026
- Wall Street posts weekly gains with earnings, inflation data on tap
- Oil prices settle higher as more production shut ahead of hurricane
- Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports
- UBS flags level in gold prices where dip buyers will likely emerge
- Telecom stocks tumble on SpaceX spectrum acquisition news
Tweet
Share
E-mail
Get Alerts MGM Hot Sheet
Price: $29.27 -2.47%
Rating Summary:
23 Buy, 16 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
Rating Summary:
23 Buy, 16 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
Join SI Premium – FREE
On Friday's Lightning Round, Jim Cramer denied a caller a buy recommendation on MGM MIRAGE (NYSE: MGM), asking the question, "Why, why, why, why be in a casino stock?"
Despite a recent 36% decline from the beginning of November, when MGM's stock price was around $16.50, Cramer said he wouldn't go anywhere near a casino stock right now.
Shares of MGM MIRAGE are currently down just over 1%, trading most recently at $10.35. Notably, MGM's stock price has fallen nearly 85% since the beginning of 2008.
Elsewhere in the sector: Las Vegas Sands (NYSE: LVS) is up 3.6% and Wynn Resorts (Nasdaq: WYNN) is down 8%.
MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States.
Despite a recent 36% decline from the beginning of November, when MGM's stock price was around $16.50, Cramer said he wouldn't go anywhere near a casino stock right now.
Shares of MGM MIRAGE are currently down just over 1%, trading most recently at $10.35. Notably, MGM's stock price has fallen nearly 85% since the beginning of 2008.
Elsewhere in the sector: Las Vegas Sands (NYSE: LVS) is up 3.6% and Wynn Resorts (Nasdaq: WYNN) is down 8%.
MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States.
You May Also Be Interested In
- Teva Pharma (TEVA) PT Raised to $52 at Oppenheimer
- Scotiabank Upgrades Webull (BULL) to Sector Outperform
- Owens Corning (OC) PT Lowered to $143 at DA Davidson
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
Jim CramerSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
