10 Best Seasonal Stocks To Buy According to Hedge Funds

Page 7 of 10

4. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 46  

MGM Resorts International (NYSE:MGM) is a hospitality and entertainment firm that runs several destination resorts.  On January 17, MGM Grand Hotel & Casino revealed plans for a $300 million remodel, updating all 4,212 rooms and suites in its main tower. The transformation, which is slated for completion in December 2025, is set to enhance the overall guest experience with modern, sophisticated design elements inspired by the flair of the disco era. The remodeled rooms will be part of MGM Grand’s refreshed experience, alongside new dining and entertainment options set to launch later this year. In the earnings of the third quarter of 2024, the company reported a net income of $185 million compared to $161 million in the prior year’s quarter, reflecting strong financial performance and potential for higher shareholder returns.

Page 7 of 10