Melco Resorts Stock’s Big Boost From China’s Stimulus Plans
Shares of gambling company Melco Resorts & Entertainment (NASDAQ: MLCO) jumped as much as 17% in trading on Thursday after news broke that China’s political leadership, known as the Politburo, said it would provide “necessary fiscal spending” to meet 5% GDP growth targets. Investors think that could mean more visits to gambling hub Macao, a…