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MGM - Why Marriott International MGM and Eldorado Resorts Stocks All Popped Today
MGM Resorts International
America is mired in a recession. The economy's still not fully open (indeed, a few states have begun to roll back their reopenings), and the coronavirus is still a threat. Despite all this bad news, hotel and resort stocks got a big pop this morning, with shares of Marriott International(NASDAQ: MAR) rising more than 6%, MGM Resorts(NYSE: MGM) climbing 7%, and Eldorado Resorts(NASDAQ: ERI) up most of all, more than 10%.
Crazily, the only news directly affecting any of these stocks today was arguably bad news.