|Bid||146.17 x 100|
|Ask||146.26 x 100|
|Day's Range||144.00 - 146.84|
|52 Week Range||82.51 - 147.50|
|PE Ratio (TTM)||54.79|
|Dividend & Yield||2.00 (1.40%)|
|1y Target Est||N/A|
Melco Resorts & Entertainment broke out on Tuesday as Nomura cited improving Macau prospects for the casino operator.
Melco Resorts has a presence in some of the most attractive gaming markets in the world, but that doesn't mean it's a great stock to buy today.
There are many different strategies to stock picking, and one I have become especially fond of in the current environment is momentum investing. Momentum stocks are typically high-Beta (which means they’re significantly more volatile than the overall market), have larger than average short positions (but not major short bets) and are valued for their outsized top-line growth rather than earnings. One momentum name I’m keeping a particularly close eye on right now is Wynn Resorts, Limited (NASDAQ:WYNN).