detearing
1 month ago
Here's an analysis of how Donald Trump could potentially assist Steve Wynn, considering their past relationship and the political landscape:
Step-by-step explanation:
Public Endorsement: Trump could publicly endorse Wynn's return to the gaming industry. Such an endorsement could carry significant weight, especially with Trump's supporters and within the Republican Party, potentially influencing public opinion and the decisions of regulatory bodies.
Political Influence: While Trump is no longer in office, he remains a powerful figure in the Republican Party. He could use his influence to lobby Nevada officials, including Governor Lombardo, to support Wynn's reinstatement. This could involve direct communication or indirect pressure through allies and supporters.
Legal and Regulatory Advocacy: Although Trump's direct influence on Nevada's legal and regulatory processes is limited, he could use his platform to advocate for changes in the state's gaming regulations or to publicly criticize any obstacles to Wynn's return. This could create a favorable environment for Wynn.
Financial Support: Trump could provide financial support to Wynn, either directly or indirectly, through investments or endorsements of Wynn's ventures. This could help Wynn regain a foothold in the industry and demonstrate confidence in his return.
Networking and Connections: Trump could leverage his extensive network of contacts in the business and political worlds to connect Wynn with potential investors, partners, and influential individuals who could assist in his comeback.
Acknowledge the relationship: Steve Wynn has a history of donating to Donald Trump.
Assess Trump's influence: Trump remains a significant figure in the Republican Party and has a strong following.
Identify potential actions: Trump could use his public platform, political influence, and network to assist Wynn.
Consider the impact: These actions could influence public opinion, regulatory decisions, and financial support for Wynn.
In summary, Trump could assist Steve Wynn through public endorsements, political lobbying, advocacy for regulatory changes, financial support, and leveraging his network of contacts.
Here's an analysis of how Donald Trump could potentially assist Steve Wynn, and the role of Tilman Fertitta in such a scenario.
Potential Ways Trump Could Help Steve Wynn
Tilman Fertitta's Potential Role
Political Influence: Donald Trump, as a former President, still wields significant political influence, particularly within the Republican Party. He could use this influence to advocate for Wynn's reinstatement with Nevada officials, including Governor Lombardo.
Public Endorsement: A public endorsement from Trump could sway public opinion and potentially pressure regulators to reconsider Wynn's status. Trump's support could signal to the Nevada Gaming Commission that a favorable decision would be viewed positively by a powerful figure.
Networking and Connections: Trump has extensive connections within the business and political worlds. He could leverage these relationships to facilitate discussions, negotiations, or agreements that would benefit Wynn.
Legal and Regulatory Advocacy: While Trump's direct legal influence is limited, he could use his platform to criticize or question the fairness of Wynn's past treatment, potentially creating pressure for a reevaluation of the situation.
Step-by-step explanation
Business Relationship: Tilman Fertitta is a prominent businessman and owner of Landry's, Inc., and the Golden Nugget casinos. He has a history of business dealings and relationships within the gaming industry.
Industry Influence: Fertitta's position in the gaming industry could allow him to act as a mediator or advocate for Wynn. He could lobby on Wynn's behalf, leveraging his own relationships with regulators and industry leaders.
Financial Support: Fertitta could potentially provide financial support or investment to Wynn, which could strengthen Wynn's position and make his return to the industry more viable.
Shared Interests: Fertitta and Wynn share a common interest in the success of the gaming industry. Fertitta might see Wynn's return as beneficial to the industry as a whole, and therefore support his efforts.
Identify the Key Players: Donald Trump, Steve Wynn, Tilman Fertitta, Nevada Gaming Commission, and Governor Lombardo.
Assess Trump's Motivations: Political influence, public endorsement, networking, and legal advocacy.
Evaluate Fertitta's Potential Role: Business relationships, industry influence, financial support, and shared interests.
Consider the Regulatory Environment: The Nevada Gaming Commission's role in regulating the industry and the potential for political influence to affect their decisions.
Synthesize the Information: Trump could use his political influence and connections to support Wynn's return, while Fertitta could act as an industry advocate and potentially provide financial or business support.
In summary, Donald Trump could assist Steve Wynn through political influence, public endorsement, and leveraging his network. Tilman Fertitta, with his industry connections and business interests, could potentially support the process through advocacy, mediation, or financial backing.
detearing
1 month ago
Here's an analysis of the possibility of Tilman Fertitta buying out Wynn Resorts at $110 per share, based on available information.
Potential for a Wynn Resorts Buyout by Tilman Fertitta
Financial Considerations
Tilman Fertitta, as the largest individual shareholder of Wynn Resorts, has the potential to initiate a buyout. However, several factors would influence the feasibility of such a move, including financial capacity, regulatory hurdles, and the willingness of other shareholders.
Regulatory and Legal Aspects
Fertitta's ability to finance a buyout at $110 per share would be a primary determinant. This would involve assessing the total cost of acquiring all outstanding shares, considering Wynn Resorts' current market capitalization, and determining the availability of funding through debt, equity, or a combination of both.
The willingness of other shareholders to accept a $110 per share offer would be crucial. Institutional investors, who often hold significant stakes in publicly traded companies, would likely evaluate the offer based on their investment objectives and the perceived value of Wynn Resorts.
Shareholder Dynamics
A buyout of Wynn Resorts would be subject to regulatory approvals in various jurisdictions where Wynn operates, particularly in the gaming industry. These approvals could involve extensive due diligence and scrutiny of Fertitta's financial resources, business practices, and suitability to operate casinos.
Fertitta's Strategy and Intentions
The prevailing market conditions and the valuation of Wynn Resorts at the time of a potential offer would also play a role. Factors such as Wynn's financial performance, growth prospects, and the overall sentiment in the gaming industry would influence the attractiveness of the offer.
Market Conditions and Valuation
Conclusion
While Fertitta has increased his stake in Wynn Resorts, his long-term strategy and intentions remain subject to speculation. Whether he is primarily a passive investor or has more ambitious plans, such as a potential takeover, is a key factor.
Based on the available information, it is possible, but not guaranteed, that Tilman Fertitta could attempt to buy out Wynn Resorts at $110 per share. The feasibility of such a move would depend on financial capacity, regulatory approvals, shareholder dynamics, market conditions, and Fertitta's strategic intentions.
DiscoverGold
2 years ago
Wynn Resorts (WYNN) Stock Flashing Bear Signal
By: Schaeffer's Investment Research | December 14, 2023
• WYNN just pulled back to a historically bearish signal on the charts
• WYNN's recent bounce could be short-lived
Wynn Resorts Ltd (NASDAQ:WYNN) is on track for its seventh-straight daily gain, up 2.9% at $90.53 despite a price-target cut from J.P. Morgan Securities to $104 from $120. The stock could continue chopping lower, however, as it has since early August, given a bear signal flashing on the charts.
According to Schaeffer's Senior Quantitative Analyst Rocky White, WYNN has come within one standard deviation of its 60-day moving average for the eighth time in the last three years. Following the previous signals, the stock was lower one month later 57% of the time, averaging a 9.2% loss.
When speculating on Wynn Resorts stock, now looks like a good time to weigh in with puts. The security's Schaeffer's Volatility Index (SVI) of 29% ranks in the low 9th percentile of its annual range, meaning options traders are pricing in low volatility expectations at the moment.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Casino Stock Wynn Resorts (WYNN) Blitzed by Bear Notes After Earnings
By: Schaeffer's Investment Research | November 10, 2023
• No fewer than five analysts slashed their price targets on WYNN
• Wynn Resorts' Macau figures overshadowed a top-line beat for the third quarter
Casino stock Wynn Resorts, Limited (NASDAQ:WYNN) is down 8.6% to trade at $82.83, on track for its worst single-session drop since October 2022. While the company reported third-quarter earnings and revenue that topped expectations, analysts were more concerned about Wynn's Macau properties, which missed revenue estimates amid market headwinds in Asia. WYNN saw no fewer than five price-target cuts in response, with the lowest coming from Jefferies to $91 from $104.
Wynn Resorts stock is trading at its lowest level this year and is on track for its fourth-straight loss, as well as a fourth weekly drop in the last five. To boot, the security breached its year-to-date breakeven level today.
Drilling down to today's options activity, 15,000 calls and 17,000 puts have exchanged hands, volume that is 20 times the intraday average amount. Most popular is the January 2024 75-srike put, where new positions are being bought to open.
At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), WYNN sports a 50-day put/call volume ratio of 0.67 that ranks higher than 81% of annual readings. This means that while calls still outnumber puts on an absolute basis, the high percentile suggests traders have been more bearish than usual.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts drops 5% despite Q3 beat
By: Investing | November 9, 2023
Wynn Resorts (NASDAQ:WYNN) shares fell more than 5% after-hours despite the company reporting better-than-expected Q3 results.
EPS for the quarter came in at $0.99, compared to the consensus estimate of $0.74. Revenue grew 87.9% year-over-year to $1.67 billion, compared to the consensus estimate of $1.58B.
CEO Craig Billings commented on the results with enthusiasm, noting the exceptional performance at Wynn Las Vegas and Encore Boston Harbor, which set a new third-quarter record for adjusted Property EBITDAR.
“In Macau, the recovery continued to progress during the quarter, with particular strength in our mass gaming, luxury retail and hotel businesses. On the development front, construction on Wynn Al Marjan Island is well underway, and we are confident the resort will be a 'must see' tourism destination in the UAE," added Billings.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts, Limited (WYNN) Shares Sold by Pacer Advisors Inc
By: MarketBeat | September 29, 2023
• Pacer Advisors Inc. cut its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 91.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,010 shares of the casino operator's stock after selling 88,629 shares during the quarter. Pacer Advisors Inc.'s holdings in Wynn Resorts were worth $846,000 as of its most recent filing with the SEC...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Senator Investment Group LP Acquires Shares of 335,000 Wynn Resorts, Limited (WYNN)
By: MarketBeat | September 7, 2023
• Senator Investment Group LP bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 335,000 shares of the casino operator's stock, valued at approximately $37,490,000. Wynn Resorts makes up about 2.0% of Senator Investment Group LP's holdings, making the stock its 23rd biggest holding. Senator Investment Group LP owned about 0.29% of Wynn Resorts as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts $WYNN just announced it has decided to close its online sports betting and iGaming platform, WynnBET, in certain jurisdictions
By: Evan | August 11, 2023
• Wynn Resorts $WYNN just announced it has decided to close its online sports betting and iGaming platform, WynnBET, in certain jurisdictions
The Company will seek to cease operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia as soon as possible
Operations in Nevada and Massachusetts will continue unaffected and operations in New York and Michigan remain under review
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Options Traders Dancing to Wynn Resorts (WYNN) Stock's Bullish Beat
By: Schaeffer's Investment Research | August 10, 2023
• Wynn's Las Vegas and Macau properties drove a second-quarter top-line beat
• A short squeeze could help WYNN overcome short-term chart pressure
Wynn Resorts, Limited (NASDAQ:WYNN) is up 3.5% to trade at $105.11 at last check, after the casino giant reported better-than-expected second-quarter earnings and revenue. The company credited the strong results to its Las Vegas and Macau properties, which saw growing hotel bookings, gaming, and dining. In response, Jefferies and Citigroup lifted their price targets on WYNN to $118 and $132.50, respectively.
Despite the positive price action, the equity is yet to overcome recent pressure from the 40-day moving average, which emerged earlier this month. The $112 region also lingers above as a long-term ceiling, but year-to-date Wynn Resorts stock sports a healthy 28.2% lead.
Short sellers are hitting the exits, with short interest down 13.7% over the last two reporting periods. The 5.69 million shares sold short still make up 5.9% of the equity's available float, though, meaning there is still some pessimism left to unwind.
The options pits show a more bullish beat. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 2.90 sits higher than 99% of readings from the past 12 months. This means long calls have been picked up at a much quicker-than-usual clip.
Drilling down to today's options activity, 10,000 calls and 5,703 puts have been exchanged, which is six times the intraday average volume. Most popular is the weekly 8/11 105-strike call.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
2,915 Shares in Wynn Resorts, Limited (WYNN) Acquired by Morse Asset Management Inc
By: MarketBeat | July 28, 2023
• Morse Asset Management Inc bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,915 shares of the casino operator's stock, valued at approximately $326,000...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts: Is Now a Good Time to Trade the Stock?
By: Jayanthi Gopalakrishnan | June 22, 2023
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a decent return. And since each trader is different and each trading day is different, it's a good idea to develop various scans that identify securities to trade.
Once you've developed your scans, it's good to get in the habit of running a few of them every day. This can be for several reasons—are your scans still working the way they were designed? Are you getting very few results or too many results? Each day you run the scan, it produces different results, some of which may raise eyebrows. For example, on June 21, one of the stocks that came up in the StockCharts Technical Rank (SCTR) scan was Wynn Resorts Ltd. (WYNN).
During the pandemic, casino stocks suffered, and those with exposure to Macau felt the pain for an even longer period. With China reopening, you'd expect casino stocks like WYNN to recover. But the general thought is that the recovery was priced in, and the stock is due for a pullback.
Earlier this month, Wynn was downgraded by a couple of analysts. So when the stock was one that popped up in the SCTR scan results list, it's worth focusing on the stock and analyzing it more closely.
The Big Picture: Analyzing the Leisure Industry
It may be worth doing a top-down analysis for WYNN stock. Let's start by looking at the hotel, restaurant, and leisure industry by analyzing the S&P 500 Hotels, Restaurants & Leisure Industry index ($GSPHRL). The weekly chart (click on the chart below for live version) shows that the index has been trending higher since October 2022. But it looks like it's reaching a high, which could be a resistance level for the industry. The question is whether the index will break to the upside and reach new highs.
CHART 1: STARTING FROM THE TOP. An analysis of the weekly chart of the S&P 500 Hotels, Restaurants & Leisure industry ($GSPHRL) shows that this group of stocks is trending higher. However, it is pretty close to its high. Will it bust through its highs and move higher?
Chart source: StockCharts.com (click on chart for live version). For educational purposes only.
The index is trading above its 50-, 100-, and 200-week simple moving average (SMA). For as long as people are spending more on discretionary items such as travel and leisure, this index could continue to move higher. But inflation is still a huge concern, and if consumers start cutting back on spending, this index could reverse quickly. So if you are considering investing in WYNN, analyzing $GSPHRL would be your starting point.
A Weekly Perspective of WYNN
Looking at the weekly chart of WYNN, you see that the stock has had its share of ups and downs. Although the stock has been trending higher since October 2022, it's had a tough time breaking above $116.90. Plus, there have been a series of lower highs since 2020.
Adding the 50-week and 100-week SMA to the weekly chart shows that the 50-week is crossing above the 100-week SMA. And that's after the stock has pulled back and bounced off its 200-week SMA. The SMA crossover and WYNN's stock bouncing off its 200-week SMA are positive signs.
CHART 2: WEEKLY CHART OF WYNN RESORTS. The stock looks to be trending higher but it has to reverse its lower highs pattern to move higher.
Chart source: StockCharts.com (click on chart for live version). For educational purposes only.
If the stock breaks above its $116.90 resistance, it could go as high as $151, the January 2020 high. That's about a $35 move, or almost a 30% move. If that happened, it would reverse the "lower highs" scenario. What are the chances of that happening? To answer that question, let's turn to the daily chart...
* * *
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Don't Gamble on Wynn Resorts (WYNN) Stock This Month
By: Schaeffer's Investment Research | June 7, 2023
• The casino stock has historically struggled in June
• There's plenty of optimism to be unwound
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are reversing a rally off a pullback to the $95 region, last seen down 0.7% to trade at $102.04. For the quarter, the casino stock is down 8.7%, and history suggests that June may see the stock drop lower still.
In fact, according to data from Schaeffer's Senior Quantitative Analyst Rocky White, Wynn Resorts is the second worst stock on the S&P 500 Index (SPX) to own in June, looking back over the past 10 years. The shares averaged a loss of 4.3% for the month over the last decade, and finished the month lower eight times.
As for the brokerage bunch, there's plenty of optimism to be unwound. Of the nine analysts in coverage, six maintain a "strong buy" rating. Plus, the security is ripe for a round of price adjustments, given the 12-month consensus price target of $129.35 is a 26.5% premium to current levels.
A shift in the options pits could also weigh on WYNN. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Wynn Resorts stock sports a 50-day call/put volume ratio of 2.64, which ranks higher than all readings from the past 12 months.
It's also worth noting that the 7.13 million shares sold short make up 7.4% of the stock's available float. It would take nearly three days for these traders to buy back their bearish bets.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
First Trust Advisors LP Has $7.70 Million Stock Holdings in Wynn Resorts, Limited (WYNN)
By: MarketBeat | May 24, 2023
• First Trust Advisors LP raised its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 487.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 93,344 shares of the casino operator's stock after acquiring an additional 77,444 shares during the period. First Trust Advisors LP owned about 0.08% of Wynn Resorts worth $7,698,000 as of its most recent filing with the SEC...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts, Limited (WYNN) Expected to Earn Q2 2023 Earnings of $0.06 Per Share
By: MarketBeat | May 26, 2023
• Wynn Resorts, Limited (NASDAQ:WYNN) - Equities research analysts at Zacks Research increased their Q2 2023 EPS estimates for Wynn Resorts in a note issued to investors on Tuesday, May 23rd. Zacks Research analyst M. Kaushik now anticipates that the casino operator will post earnings per share of $0.06 for the quarter, up from their previous estimate of ($0.39). The consensus estimate for Wynn Resorts' current full-year earnings is $1.43 per share. Zacks Research also issued estimates for Wynn Resorts' Q3 2023 earnings at ($0.11) EPS, Q4 2023 earnings at $0.50 EPS, FY2023 earnings at $0.74 EPS, Q1 2024 earnings at $0.64 EPS, Q3 2024 earnings at $0.66 EPS, Q4 2024 earnings at $1.87 EPS, FY2024 earnings at $3.88 EPS, Q1 2025 earnings at $1.06 EPS and FY2025 earnings at $4.02 EPS...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Intech Investment Management LLC Sells 26,600 Shares of Wynn Resorts, Limited (WYNN)
By: MarketBeat | May 19, 2023
• Intech Investment Management LLC reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,067 shares of the casino operator's stock after selling 26,600 shares during the quarter. Intech Investment Management LLC owned 0.06% of Wynn Resorts worth $5,861,000 at the end of the most recent quarter...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Wynn Resorts, Limited (WYNN) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
By: MarketBeat | May 4, 2023
• Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,367 shares of the casino operator's stock after purchasing an additional 5,679 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Wynn Resorts worth $6,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC)...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
South Dakota Investment Council Boosts Stake in Wynn Resorts, Limited (WYNN)
By: MarketBeat | May 2, 2023
• South Dakota Investment Council lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,546 shares of the casino operator's stock after buying an additional 3,000 shares during the period. South Dakota Investment Council's holdings in Wynn Resorts were worth $2,437,000 at the end of the most recent reporting period...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
180 Wealth Advisors LLC Takes $206,000 Position in Wynn Resorts, Limited (WYNN)
By: MarketBeat | April 21, 2023
• 180 Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,006 shares of the casino operator's stock, valued at approximately $206,000...
Read Full Story »»»
DiscoverGold
DiscoverGold
2 years ago
Bull of the Day: Wynn Resorts (WYNN)
By: Zacks Investment Research | March 28, 2023
Overview
Based in Las Vegas, NV, Zacks Rank #1 (Strong Buy) stock Wynn Resorts ((WYNN)) was founded in 2002. The company, together with its subsidiaries, is a leading developer, owner and operator of casino resorts. The company currently owns and operates casino hotel resort properties in Las Vegas, and in Macau Special Administrative Region of the People's Republic of China.
Strong Growth Trajectory
Wynn Resorts, one of the leading companies in the gaming and lodging industry, is well poised to grow strategically. Given its strong brand name, Wynn Resorts is better positioned to command a premium rate relative to its peers in the gaming and lodging industry. Moreover, the addition of Encore Boston Harbor in Massachusetts, makes it an initiative placed in the right direction. The company reconfigured its casino and changed the casino loyalty program. Also, it emphasized on adding incremental parking, food and beverage and entertainment amenities. With group business returning back, the initiatives are likely to benefit the company in the upcoming periods. The company stated that it would upgrade Encore Boston Harbor to be the top-performing Casino in the northeast.
Sports Betting to Drive Growth
The company is focusing on sport betting expansion to drive growth. In an effort to focus on online betting, the company announced the merger of Wynn Interactive into Austerlitz Acquisition Corp. To drive growth the company will invest $640 million. Meanwhile, WynnBET sports betting and online casino application were operational in New Jersey for quite some time. During the fourth quarter of 2020, the company launched WynnBET online sports and casino offerings in Colorado and Michigan. It also secured market access in Arizona, New York, Indiana, Iowa and Ohio and received conditional licensing in Tennessee.
Fundamentals
Zacks Consensus Analyst Estimates suggest that Wynn Resorts is on track to fully recover from the COVID-19-induced earnings slow down by 2025. Prior to the shock of the pandemic, WYNN shares were trading at $200 per share. Should Wynn meet or exceed analyst expectations in the next two years, we expect price to double and regain old, pre-pandemic levels.
Image Source: Zacks Investment Research
Technical View
Shares of Wynn are pulling into the 50-day moving average for the first time since breaking out. The first tag of the 50-day moving average tends to be a favorable area from a reward-to-risk perspective.
Image Source: Zacks Investment Research
Bottom Line
Wynn Resorts is firing on all cylinders and investors are currently being offered an opportunity to take advantage of a temporary market shock (the pandemic). Expect WYNN shares to outperform as the company takes advantage of growth drivers such as sports betting, Macau, and strong brand recognition.
Read Full Story »»»
DiscoverGold
News
Market Data
Customized watchlists with full streaming quotes from leading exchanges, such as NASDAQ, NYSE, AMEX, OTC Markets Small-Cap, LSE and more.
BottomBounce
1 month ago
IPO$
2 years ago
starbuxsux
2 years ago
