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The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.
Shares of MGM Resorts (MGM -0.34%) fell as much as 12.4% on Thursday after the company released earnings, but the numbers weren't as bad as the market seems to think. In this video, Travis Hoium explains what happened and where MGM is stronger than you might think.
*Stock prices used were end-of-day prices of Oct. 31, 2024. The video was published on Oct. 31, 2024.
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.
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