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The Zacks Analyst Blog Highlights: MGM Resorts, Wynn Resorts, Caesars Entertainment, Las Vegas Sands and American Outdoor Brands

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For Immediate Release

Chicago, IL – October 03, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include MGM Resorts (NYSE:(MGM - Free Report)  Free Report), Wynn Resorts (Nasdaq:(WYNN - Free Report)  Free Report), Caesars Entertainment Corp. (Nasdaq:(CZR - Free Report)  Free Report), Las Vegas Sands (NYSE:(LVS - Free Report)  Free Report) and American Outdoor Brands Corp. (Nasdaq:(AOBC - Free Report)  Free Report).

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Here are highlights from Monday’s Analyst Blog:

Casino Stocks React to Mass Shooting in Las Vegas

Late Sunday evening, the Route 91 Harvest Music Festival was going strong, with country artist Jason Aldean headlining for a crowd of about 22,000 concertgoers. But all of a sudden, bullets began raining down, and chaos ensued: a lone gunman, situated on the 32nd floor of the Mandalay Bay Resort and Casino, had opened fire on attendees.

58 people have been killed so far, and 515 injured, making this the deadliest mass shooting in modern U.S. history (Updated).

Police say the suspected shooter, Stephen Craig Paddock, had at least 10 weapons with him inside the hotel room. While motive is unclear at this point, authorities do believe Paddock killed himself prior to police entry.

Flights in and out of Las Vegas’ McCarran International Airport were temporarily halted because of the shooting, and agents for the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives have responded to the scene; the FBI, too, is assisting with the investigation.

Monday morning saw shares of some of the biggest casino stocks react to the news. MGM Resorts (NYSE:(MGM - Free Report) Free Report), which owns Mandalay Bay, is down about 4.7% to $31.07 per share in late-morning trading.

"Our hearts and prayers go out to the victims of last night's shooting, their families, and those still fighting for their lives," said Jim Murren, MGM's chairman and CEO, in a statement. "We are working with law enforcement and will continue to do all we can to help all of those involved."

Shares of Wynn Resorts (Nasdaq:(WYNN - Free Report) Free Report) are trading down 1.8%, while Caesars Entertainment Corp. (Nasdaq:(CZR - Free Report) Free Report) is down about 1% in late-morning trading as well. Las Vegas Sands (NYSE:(LVS - Free Report) Free Report) fell has much as 2.1% earlier today, but the stock has regained most of its losses.

Other market reactions to the Las Vegas tragedy include those of firearm stocks, which have experienced active trading so far Monday. Shares of Smith & Wesson parent American Outdoor Brands Corp. (Nasdaq:(AOBC - Free Report) Free Report) are climbing 4.7%.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.



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