MGM was one of the day's biggest movers, up 15.6%. CEO Terry Lanni was on the Fast Line to explain the variables that affect his business' bottom line and what made the stock move so dramatically today. The consensus? Oil prices affect it, and international business is strong because most gamblers fly into the MGM casinos rather than drive. At the Bellagio, 30% of the rooms in June were occupied by international visitors, and losses are more associated with domestic business.
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On Aug 5, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman's Firm Is Short (IYR) (IJR) (MDY) (SPY) (IWM) (COF) (BBT) (XLF), Finerman's Firm And Finerman Own (C) Leaps, Finerman Owns (GS), Finerman's Firm Owns (MSFT) (PM) (RIG) (SUN) (TSO) (VLO) (WLP) (UNH) (AET), Finerman's Firm Owns (ANF) Call Spreads, Finerman's Firm And Finerman Own (FLS), Macke Owns (MSFT) (WMT) (COST) (DIS), Macke Is Short (TM), Adami Owns (AGU) (C) (BTU) (GS) (INTC) (MSFT) (NUE), Seymour Owns (AAPL) (CSCO) (INTC) (MER) (MSFT) (TSO) (EEM) (F) (SHLD), Seygem Asset Management Owns Gazprom OAO, Adami Owns (C) (AGU) (BTU) (INTC) (MSFT) (NUE), Jay Pestricelli has no holding in (CSCO), TD Ameritrade has no disclosures