Jim Cramer Put These 10 Stocks Under the Spotlight

7. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 47

Expressing confusion about MGM Resorts International (NYSE:MGM), a caller mentioned that it feels like rolling the dice. Cramer replied:

“You are rolling the dice on MGM Resorts International. I’m not a dice roller, I am a card player and I like it very much but I wouldn’t want to own that one. But you know what, we’re gonna go out west. We’re gonna talk to Wynn. Maybe I can figure out a little bit more about what to do with the casinos providing that the president doesn’t post that you’re not allowed to go to casinos anymore. Never know.”

MGM Resorts International (NYSE:MGM) is a gaming and entertainment company that operates casino resorts offering a variety of services, including gaming, lodging, dining, and entertainment, along with digital gaming options like online sports betting and iGaming through BetMGM. Longleaf Partners Fund stated the following regarding MGM Resorts International (NYSE:MGM) in its Q4 2024 investor letter:

“MGM Resorts International (NYSE:MGM) – Hospitality and gaming company MGM Resorts was a top detractor for the quarter and the year. Despite relatively strong execution by the company and opportunistic repurchases of discounted shares, the market did not like the company’s quarter-to-quarter volatility, especially in the second half of the year. When making the necessary adjustments, MGM’s core Las Vegas properties continued to grow nicely if boringly in the low-mid-single digit range during the year. MGM remains one of our larger share repurchasers in the portfolio, demonstrating its commitment to shareholder returns. The company’s hidden assets in online gaming and Asia also showed progress as the year went on. We remain confident in the management team, led by CEO Bill Hornbuckle, as they navigate these challenges and focus on long-term value creation.”