11 Best Stocks to Buy in Falling Markets Now

5. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 46  

Decline in Share Price Over Past 12 Months: 22.7%

MGM Resorts International (NYSE:MGM) is a Las Vegas-based hospitality and entertainment firm that runs several destination resorts. There are several compelling factors that make this company a strong investment. Firstly, as per the report for the third quarter of 2024, MGM China declared a special dividend, resulting in approximately $200 million in cash to MGM Resorts in total this year. This special dividend represents a one-time cash payment, highlighting the strong profitability and cash flow of MGM China, allowing it to return value to its shareholders. Additionally, net income attributable to MGM Resorts was $185 million in the current quarter compared to $161 million in the prior year quarter, indicating the company’s continued ability to generate higher earnings for its shareholders. Moreover, MGM Resorts International with Grupo Globo announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. The new venture will launch in Brazil in early 2025 under the BetMGM brand and will bring a responsible, best-in-class betting platform to one of the newest and fastest-growing regulated markets in the world.