Wynn Resorts Ltd. (WYNN)

(A Top Pick Jan. 2/18, Down 1%) Stock is dealing with personal issues with Steve Wynne. Avoid it now. He doesn't like to watch his stock reports on TMZ (allegations of sexual misconduct). He would go into this sector, but not this stock.

Steve Wynn is the largest shareholder, but he was implicated in alleged bad behavior. The value of the property is still the value of the property. He doesn’t know if it is that cheap. He doesn’t any stock in the sector but it s getting interesting and is looking into this. (Analysts’ price target is $200).

The chart shows a long upward move since the beginning of 2016, which is obviously bullish. It looks like a pretty volatile stock. It had a recent drop of $20 down to $180. The 5-year chart shows lots of volatility. Make sure you don't have a big weighting of this and make sure you can stomach the volatility.

The company is well managed. It is large cap. Its growth profile has been phenomenal. It is a well executed strategy. They are one of the top casino managers in the world. It is trading at a great valuation level with a good growth profile.

Has followed the gaming sector quite closely, and this one is the leader of the group. It's another stock that has finally broken out after a very long period of time. It's up around $165 now, and the next up is $200. (Analysts' price target is $167.00.)

Leisure and hospitality stocks tend to do quite well in the summer. This one tends to gain between the start of July through to the start of December. Average gain over the past 20 years has been about 25%. Right now, it is continuing to go higher with higher highs and higher lows, and maintaining its support at the 20 and 50 day moving averages. It is moving above its level of resistance at about $107. That would be your level of support if it retraced. This looks positive here.

Charts show this is a winner. It has reached an all-time high. Technically, it is in an upward trend and is outperforming the market. Seasonality for this security is not that great at this time of year. Look for technical indicators that the stock is starting to roll over, but for now, stick with it.

He likes this company. They have the largest market share of the Macau gaming area, and the Chinese love to gamble. The company is very well positioned. There are concerns as to access to cash, access to credit; but as those stabilize, this company’s business can stabilize. Over the long haul, this is a nice place to be.

This is all about Macau. There certainly were signs of improvement. If that’s the case, this stock can go much, much higher. This was almost $200 a share at the market peak in 2014. A very speculative purchase, but if you are purchasing it for its potential, it is one you need to own and it can go twice as high as $95 if those trends return.

China has not been doing as well as they hoped. There is a smoking ban on all the casinos there.

Chart shows it has made a base. Formed a double bottom (October and January) which is pretty positive. The uptrend line on the chart has been broken and has a little bit of a lower downside target. There will probably be support at around $80, and it looks like it wants to test that.