Stock Watch: MGM and Casino Stocks


We mentioned that we're getting back into the stock market over the summer, and we can't wait any longer.

We aren't giving this out as a Free Stock Pick quite yet, but we like what the future holds for Metro Goldwynn Mayer, or MGM, which opened the day at $7.13 a share.

In fact, we like quite a few casino stocks as long term holds. Las Vegas Sands (LVS) opened at $9.10, and though a little pricier at $16.30, International Game Technology (IGT) has plenty of long term value.

All of these casino stocks have seen better days, but there are also better days ahead. These three stocks were all well above the $30 per share mark a year ago, and we have reason to believe they'll return to that mark as the economy continues to rebound.

For now, because of its potential and lower value at the moment, MGM is our main focus, but don't count out the others.

When we do decide on a stock (or three), we'll post it on the right hand side of the page, where we post the rest of our important gibberish. For now, watch these stocks closely. Depending on how they perform today or in the coming week, we could be making an investment very soon.