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TSX hits high, Wall Street slumpsElection rallyDow hits highs to end record-breaking weekThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts are bullish on Wynne Resorts Ltd. citing strong performance in the Vegas tourism market, with significant growth in revenue per room, convention attendance, and visitors. They also highlight the company's strong Macau business and its investments in Dubai. There is frustration over the stock not getting enough credit for its performance despite positive data and stock buybacks. Overall, the outlook for Wynne Resorts Ltd. is positive, with potential for continued growth and undervaluation in the market.
May's data is up across the board: revenue per room is up 11% YOY, convention attendance 2%, hotel occupancy 2%, plus Wynn buys back shares. He expects these good numbers to continue. Also, they're investing in Dubai which will eventually increase revenues. Be patient.
Is undervalued and so it Caesars. He's frustrated with this space, because Las Vegas has been going gangbusters where convention attendance is way up over the past year. These stocks haven't gotten credit for their performance.
Down 14% this month, because of concerns over China. Remember, there was very little activity in Macau because of Covid, so things can't get worse than that. Sure, China's general economic weakness could have an effect on Wynn Macau. Numbers show that Macau is bouncing back. WYNN just reported a revenue beat and huge earnings beat.
Took profits, up 60%. Simply profit-taking. The company is doing a great job. Covid in China is worry, so she's being cautious. She may buy this again.
Their quarter 2 weeks ago was unbelievable! And yet, shares went down after that.
Their Macau and Las Vegas operations are killing it.
Wynne enjoys a core group on consumers who will go to their casinos and any spending online in sports betting adds to that.
Wynne Resorts Ltd. is a American stock, trading under the symbol WYNN-Q on the NASDAQ (WYNN). It is usually referred to as NASDAQ:WYNN or WYNN-Q
In the last year, 3 stock analysts published opinions about WYNN-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Wynne Resorts Ltd..
Wynne Resorts Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Wynne Resorts Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Wynne Resorts Ltd. In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Wynne Resorts Ltd. (WYNN-Q) stock closed at a price of $94.53.
Vegas tourism is white hot. Revenue per room was up 11% in May YOY, convention attendance up 2%, and visitors up 5%. MGM has over half its business from Vegas. But he doesn't like MGM's regional business and those patrons are struggling from higher inflation and interest rates. He Likes MGM, but prefers Wynne because it has more Vegas exposure. But Vegas' boom isn't pushing up Vegas stocks, which is frustrating. Frankly, the market is getting it wrong. When Wynne reports, their strong Macau business will shine.