Wynn Resorts Ltd. (WYNN)

Suffered a big decline. Part of it s due to the big drop in gambling in China. A lot has to do with declining visits from mainland Chinese. There is lots of headwind.

(Market call minute.) Asia is recovering a little. The US Las Vegas is getting a bit better. He likes the group and he would be okay buying this.

(A Top Pick Dec 22/15. Up 14.83%.) He picks fixer-uppers because usually the volatility of a market won’t scare him on names that have already been battered. Thinks this has found a support level now. He still likes this.

(A Top Pick Jan 27/15. Down 58.01%.) This plummeted right after he had picked it. It has come back recently. The only thing that is holding this up is 2 separate purchases by Steve Wynn himself. This stock is going to have all of the negative connotations of China and a collapsing gambling scenario and high debt.

He likes to play the gaming sector. This one has been absolutely shelled since the end of 2014. Now it is to the point where we are starting to see that it is oversold. Chart shows the 1^st uptick in a long time on really good volume. There is some interest in here now because it is so cheap.

The Chinese assisting the casinos did not do the stock market all that much good. Of the two casino companies, he would go with this one. This is a big bet on real estate. Technology will continue to sap people’s desires to spend money to go to a resort to lose money.

70% of their revenue is from Macau. Macau, for the 1^st time, saw a pretty dramatic drop in its gaming metrics, and the shares took a hit. Macau does about $44 billion in revenue. It is a 5 hour flight away from 2 billion people. There is a lot of regulatory scrutiny around the name. Gaming revenues started turning round in the 2^nd half and he decided to start accumulating this because of valuation and a 4.5% yield. They have a history of doling out special dividends. Dividend of 3.87%.

Have 3 casinos stocks Las Vegas Sands (LVS-N), Wynn Resorts (WYNN-Q) and Melco Crown (MPEL-Q). Should I hold them over the summer? Has always liked casino stocks. Finds the business model and the cash they are making fascinating. A basket of these is good. Be aware that this is awfully volatile. He thinks they go up from here. Another interesting name is Galaxy Entertainment (GXYEF-OTC).

Has a little bit of an uptrend and he would like to see this hold. $110 is pretty significant support. Downtrend that started in mid-2011 has ended. If it breaks $110, you are probably going to see $90.

(Top Pick Nov 28/11, Up 1.07%) Got stopped out on it and was flat.

This is a high beta stock. This is all about Asia and more particularly China. 72% of revenues today come from Asia. You could use this as a trading stock as it has that volatility. From a long-term growth rate point of view, this is probably one of the strongest growth companies out there. Expected growth rate of 15%.

(A Top Pick June 22/11. Down 18.42%.) Got stopped out Dec/11. Concerned about Chinese economy slowing down. 70% of revenues are from Macau.