|Day Low/High||128.17 / 132.94|
|52 Wk Low/High||35.84 / 138.44|
Wynn has been severely crippled by the pandemic, but the company could be in a position to grow significantly with some great leverage and properties.
The great news about the pent-up demand rally? While these stocks have been creeping up they are now going to explode higher.
Wynn Resorts looks set to rally further in the months ahead.
By some measures, Tuesday was the best day for equity markets since July, as 10 of 11 sectors closed higher.
This does not look like the time to gamble on a rally.
The charts of Penn National Gaming, MGM Resorts and Boyd Gaming offer a tell as to the one that may have the biggest payoff going forward.
These well-known names are displaying noteworthy technical deterioration.
Here we look at the S&P and ES futures, as well as Slack and Wynn Resorts.
The consequences of real estate defaults will ripple through the economy like a financial covid.
The surprise abandonment of a Japan project by Las Vegas Sands is just the latest indication of how red tape is turning suitors away.
I get this rally -- it's based on more than a breaking branch this time, but there are still many uncertainties.
Amid a flood of corporate warnings over the coronavirus, all the major stock market indexes finished last month down 6.4% to 10.1%.
The answer to that question depends on several factors, so let's break them down.
How about some potentially positive news... Casinos in Macau are set to reopen Wednesday (Feb. 19), which is expected to provide some relief to casino operators including Las Vegas Sands , MGM Resorts International , Wynn Resorts and Galaxy Enterta...
You can sell any stock that's up and take that money to the bank and no one will say, "sorry that was made off of euphoria, we can't take it."
This market's reaction to bad news has been totally undermined by computer algorithms, passive investing, a high level of liquidity and fear of missing out.
This move by Beijing comes on top of massive injections of liquidity into that nation's financial system earlier this week.
It's no secret that the Fed would like to get out of the short-term repo business.
These sort of panics can be turn out to be lucrative opportunities for investors.
* After the fall... now the hard part * Conviction levels are too infrequently discussed in these parts * There is nothing wrong with saying "I don't know" * I covered much of my short trading book in the belly of yesterday's market decline * Let me...
Let's instead do the kind of security analysis you have to do if you are going to navigate this moment.
Traders are leaving the casino stocks on the news and their charts indicate their prices could slide even more before support develops.
News that the Chinese coronavirus reached us and the Boeing flop have finally pushed us down, but what if it's short-lived?