Wynne Resorts Ltd. (WYNN) Buy, Sell or Hold

Wynne Resorts Ltd. (WYNN)

105.53

-0.00 (0.00%)

as of Jun 18, 2026, 8:06:58 pm Market Open.

22 watching

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

BUY

The company is well managed. It is large cap. Its growth profile has been phenomenal. It is a well executed strategy. They are one of the top casino managers in the world. It is trading at a great valuation level with a good growth profile.

TOP PICK

Has followed the gaming sector quite closely, and this one is the leader of the group. It's another stock that has finally broken out after a very long period of time. It's up around $165 now, and the next up is $200. (Analysts' price target is $167.00.)

COMMENT

Leisure and hospitality stocks tend to do quite well in the summer. This one tends to gain between the start of July through to the start of December. Average gain over the past 20 years has been about 25%. Right now, it is continuing to go higher with higher highs and higher lows, and maintaining its support at the 20 and 50 day moving averages. It is moving above its level of resistance at about $107. That would be your level of support if it retraced. This looks positive here.

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