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Wynne Resorts Ltd. (WYNN-Q)
NASDAQ:WYNN
81.64
1.12
(1.39%) 1d
Financials
Technical Analysis
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TSX makes new high, Wall Street mixedTop Hotel Stocks to Buy for your Growth PortfolioStocks edge up on positive U.S. inflationThis summary was created by AI, based on 4 opinions in the last 12 months.
Experts have mixed opinions on WYNN-Q, with one expert expressing concern over the impact of China's economic weakness on the company's Macau operations, while another expert sees the recent revenue and earnings beat as positive indicators. One expert took profits, citing caution due to Covid in China, while another was surprised by the stock's downward movement despite an impressive quarter. Overall, the company's Macau and Las Vegas operations are performing well, but there is some apprehension about the potential impact of China's economic conditions.
$87.260
Owned
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.(WYNN-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 4
Wynne Resorts Ltd.(WYNN-Q) Frequently Asked Questions
What is Wynne Resorts Ltd. stock symbol?
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
Is Wynne Resorts Ltd. a buy or a sell?
In the last year, 4 stock analysts published opinions about WYNN-Q. 4 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..
Is Wynne Resorts Ltd. a good investment or a top pick?
Wynne Resorts Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Wynne Resorts Ltd..
Why is Wynne Resorts Ltd. stock dropping?
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.
Is Wynne Resorts Ltd. worth watching?
4 stock analysts on Stockchase covered Wynne Resorts Ltd. In the last year. It is a trending stock that is worth watching.
What is Wynne Resorts Ltd. stock price?
On 2024-07-26, Wynne Resorts Ltd. (WYNN-Q) stock closed at a price of $81.64.
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.