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Showing 1 to 15 of 45 entries
DON'T BUY
It's dead money, but he didn't foresee Omicron and beiking cracking down on Macau casinos. He beats himself up on owning this. He hopes someone takes this company out, which would be its only salvation.
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COMMENT
Among the biggest losers on the S&P in 2021 #8, down 25%. Like Las Vegas Sands. He's been wrong owning this. The Chinese government has made life difficult for Wynne. Its asset value is well above its stock price. This could be stuck in a rut--but worth the wait after Covid. Maybe.
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BUY on WEAKNESS
A hated stock. Shares have been cut almost in half and will likely go lower. But it's oversold. Also, he thinks this will be acquired by an MGM or Las Vegas Sands. Hammered this week by the Omicron scare, but it's time to nibble. Buy on the way down, not up, and we buy long term. Don't chase, but invest. And expect this stock to fall a little more before it rises--you gotta start somewhere.
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BUY
It got hit by the Covid variant and the Chinese government crackdown in Macau where WYNN has a lot of its operations. The valuation is so low now, so it's a bargain now. WYNN owns the most popular casino in Macau. You can buy some now and more when Omicron hits the U.S.
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DON'T BUY
It reports Tuesday. It's a long-haul play, not short. Once gambling returns to Macau, then this stock soar. Until then--PAIN.
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COMMENT
They report Wednesday. Wynn has serious operations in Macau, which has been under attack by China's government though China has become friendlier to American businesses lately. He won't know when things will lighten up there, but he's willing to wait. Their report could be bullish.
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BUY

He added to this on the way down over a month ago, around $80. He has enough now. This is such a cheap call option on China, about 10% of their enterprise value. Rather, the value is in the U.S. operations which is doing gangbusters. Las Vegas room rates are 65% higher than in 2019. Shares are popping 5% today on news that Jim Cramer has bought shares.

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BUY
They reported a good quarter on Monday, but also announced a spin-off of Wynn Interactive, their online sports betting business, to merge with SPAC Austerlitz Acquisition. This is one of the few quality SPACs, and this is a savvy move into online sports betting though there is a lot of competition in states that have legalized it. This won't dilute WYNN, but will benefit it.
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BUY
The new CEO can handle the coming influx of new traffic from Chinese tourists flocking to its casino, and China's economy is strong. A reopening play.
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BUY
The casino stocks indicate where the markets will be in 6 months. When we revert to normal, tourism will bounce back and gambling with have a huge year. The country is stir crazy and desperately wants a vacation, which will happen in the second half of 2021. US casinos with exposure to are currently on fire and do even better next year, especially if Biden improves trade relations between China and America. WYNN has resorts in Macau. The stock is making higher highs and higher lows, directly benefitting from Biden. It made a huge hump after the election. It broke resistance from its June high. The chart has made a "golden cross," a huge bullish signal where the 50-day moving average rises about the 200-day. Could hit $200 sometime in 2021. Great managers.
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BUY
MGM Resorts? The Chinese economy is coming back strong, but he prefers playing this space through Wynn Resorts.
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DON'T BUY
Very volatile sector. It is still on a downtrend. He would like to see the stock stop making lower highs.
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PAST TOP PICK

(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.

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HOLD

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).

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COMMENT

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.

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Showing 1 to 15 of 45 entries

Wynne Resorts Ltd.(WYNN-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 7

Stockchase rating for Wynne Resorts Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 7 stock analysts published opinions about WYNN-Q. 5 analysts recommended to BUY the stock. 2 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?

7 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 2022-01-21, Wynne Resorts Ltd. (WYNN-Q) stock closed at a price of $85.65.