Hot Stocks: MGM - OPEN - AMR - CIM - TGB

We have many stocks breaking out to the upside today but below are the most notable ones that are hitting my watchlist. I also added some losers that are hot due to the volatility.

The following companies are discusses below: MGM Resorts International (MGM), AMR Corporation (AMR), OpenTable, Inc. (OPEN), Chimera Investment Corporation (CIM), Taseko Mines Ltd. (TGB)


MGM Resorts International (MGM) - Shares of MGM Resorts International (MGM) are soaring today after better than expected earnings and an update on MGM Macau. MGM Macau reported its best quarter ever and earned operating income of $61 million in the third quarter of 2010 which included depreciation expense of $22 million. MGM Resorts does not have any major resistance until $14.55

OpenTable, Inc. (OPEN) - Shares of OpenTable, Inc. (OPEN) soared after the company reported blowout earnings. OpenTable hit a fresh 52 week high but pulled back in early trading. OpenTable international seated diners totaled 0.5 million, a 134% increase over Q3 2009.

AMR Corporation (AMR) - Shares of AMR Corporation (AMR) soared and lifted the airlines sector after S&P raised AMR's credit rating to Stable. AMR Corp was up 5% in early trading.

On the Dowside

Chimera Investment Corporation (CIM) - Shares of Chimera Investment Corporation (CIM) sank after the company agreed to sell 125 million shares. Chimera Investment Corporation was down 4% on 69.5 million shares traded

Taseko Mines Ltd. (TGB) - Shares of Taseko Mines Ltd. (TGB) dropped like a rock after Canada blocked their mine project. Taseko Mines stock was down 32%... ouch

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