HomeBusinessHealthcareWDC, MGM, CAR, EL, PFE: How Uncertainty In The Market Is Effecting Different Sectors
WDC, MGM, CAR, EL, PFE: How Uncertainty In The Market Is Effecting Different Sectors

Western Digital’s (WDC) stock is up 11% on the day as Elliot Management calls for a split of WDC. Shawn Cruz and Oliver Renick discuss semiconductor stocks and what this split could mean for the company. They also talk about casino stocks MGM Resorts (MGM), Wynn Resorts (WYNN), and Las Vegas sands (LVS) because MGM announced offered to acquire LeoVegas for $607M. They go over how casino stocks have shown pretty good improvement, but there is too much uncertainty in the economy for these stocks to pop. They then highlight Avis Budget’s (CAR) earnings report as its stock had greatly decreased. On the other hand, Estee Lauder’s (EL) stock increased greatly. Finally, they mention Pfizer’s (PFE) earnings report, and posit if PFE will be able to reassure the market that there will be solid demand. Tune in to find out more.

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