Why Marriott International, MGM, and Eldorado Resorts Stocks All Popped Today

America is mired in a recession. The economy's still not fully open (indeed, a few states have begun to roll back their reopenings), and the coronavirus is still a threat. Despite all this bad news, hotel and resort stocks got a big pop this morning, with shares of Marriott International (NASDAQ: MAR) rising more than 6%, MGM Resorts (NYSE: MGM) climbing 7%, and Eldorado Resorts (NASDAQ: ERI) up most of all, more than 10%.

Crazily, the only news directly affecting any of these stocks today was arguably bad news.

Image source: Getty Images.

Continue reading

Source Fool.com