Wynne Resorts Ltd. (WYNN)

Charts show this is a winner. It has reached an all-time high. Technically, it is in an upward trend and is outperforming the market. Seasonality for this security is not that great at this time of year. Look for technical indicators that the stock is starting to roll over, but for now, stick with it.

He likes this company. They have the largest market share of the Macau gaming area, and the Chinese love to gamble. The company is very well positioned. There are concerns as to access to cash, access to credit; but as those stabilize, this company’s business can stabilize. Over the long haul, this is a nice place to be.

This is all about Macau. There certainly were signs of improvement. If that’s the case, this stock can go much, much higher. This was almost $200 a share at the market peak in 2014. A very speculative purchase, but if you are purchasing it for its potential, it is one you need to own and it can go twice as high as $95 if those trends return.

China has not been doing as well as they hoped. There is a smoking ban on all the casinos there.

Chart shows it has made a base. Formed a double bottom (October and January) which is pretty positive. The uptrend line on the chart has been broken and has a little bit of a lower downside target. There will probably be support at around $80, and it looks like it wants to test that.

Suffered a big decline. Part of it s due to the big drop in gambling in China. A lot has to do with declining visits from mainland Chinese. There is lots of headwind.

(Market call minute.) Asia is recovering a little. The US Las Vegas is getting a bit better. He likes the group and he would be okay buying this.

(A Top Pick Dec 22/15. Up 14.83%.) He picks fixer-uppers because usually the volatility of a market won’t scare him on names that have already been battered. Thinks this has found a support level now. He still likes this.

(A Top Pick Jan 27/15. Down 58.01%.) This plummeted right after he had picked it. It has come back recently. The only thing that is holding this up is 2 separate purchases by Steve Wynn himself. This stock is going to have all of the negative connotations of China and a collapsing gambling scenario and high debt.

He likes to play the gaming sector. This one has been absolutely shelled since the end of 2014. Now it is to the point where we are starting to see that it is oversold. Chart shows the 1^st uptick in a long time on really good volume. There is some interest in here now because it is so cheap.

The Chinese assisting the casinos did not do the stock market all that much good. Of the two casino companies, he would go with this one. This is a big bet on real estate. Technology will continue to sap people’s desires to spend money to go to a resort to lose money.

70% of their revenue is from Macau. Macau, for the 1^st time, saw a pretty dramatic drop in its gaming metrics, and the shares took a hit. Macau does about $44 billion in revenue. It is a 5 hour flight away from 2 billion people. There is a lot of regulatory scrutiny around the name. Gaming revenues started turning round in the 2^nd half and he decided to start accumulating this because of valuation and a 4.5% yield. They have a history of doling out special dividends. Dividend of 3.87%.

Have 3 casinos stocks Las Vegas Sands (LVS-N), Wynn Resorts (WYNN-Q) and Melco Crown (MPEL-Q). Should I hold them over the summer? Has always liked casino stocks. Finds the business model and the cash they are making fascinating. A basket of these is good. Be aware that this is awfully volatile. He thinks they go up from here. Another interesting name is Galaxy Entertainment (GXYEF-OTC).

Has a little bit of an uptrend and he would like to see this hold. $110 is pretty significant support. Downtrend that started in mid-2011 has ended. If it breaks $110, you are probably going to see $90.

(Top Pick Nov 28/11, Up 1.07%) Got stopped out on it and was flat.