MGM MGM Resorts International

For Immediate Release

Chicago, IL – 12/16/2011 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

Casino Stock Crap Out Again

The big casino stocks are all coming under selling pressure again. The catalyst for the decline in the casino stocks is once again caused by the weak Shanghai Index (China). The Shanghai Index finished lower last night by over 2.00 percent. Most of the revenues for the casino stocks come from the Macao market. If China and the rest of Asia begin to slow down further this will hurt the large casino stocks that operate in that region. The leading casino stocks are not growing in the United States as the economy is still somewhat depressed.

Wynn Resorts Ltd (WYNN) is trading lower by 0.33 cents to $101.98 a share. The stock is trading below all of the major moving averages on the daily chart. This puts this stock in a confirmed down trend at this time. The stock will have short term intra-day support around the $101.00, and $100.00 levels.

Some of the other casino stocks that are declining lower this morning are MGM International (MGM) and Las Vegas Sands Corp (LVS). Traders should not expect any major rallies in these stocks until the Shanghai Index can find a near term low.

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock
People & Picks Manager
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com

 
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
 
MGM RESORTS INT (MGM): Free Stock Analysis Report
 
WYNN RESRTS LTD (WYNN): Free Stock Analysis Report
 
Zacks Investment Research