Below is a note written by CEO Keith McCullough on why we're adding Melco Resorts (MLCO) to the long side of Investing Ideas today:
Yes, we buy the damn dips in things we like (like Treasuries)...
With Gaming stocks getting hammered today on MGM's quarter, we're getting an immediate-term #oversold signal in one of Todd Jordan's favorite longs right now, Melco Resorts (MLCO).
Here are a few bullet points from Jordan's recent Institutional Research note on Macau:
Buy on red. Don't chase charts,