Wall Street sentiment was optimistic this morning after stocks turned positive yesterday, snapping the three day losing streak. Gains in early trading were broad across all sectors this morning with added focus on growth stocks that have been hit hard in recent weeks. The tech-heavy Nasdaq Composite has logged a gain of 0.8% so far this week and could break a 4-week losing streak if gains throughout today’s session. The Dow has dropped 0.9% so far this week and the S&P 500 is 0.4% lower and on pace for its second straight losing week.
In today’s trade alert we’ll take a look at an attractive reopening play. But you may be surprised, there is much more than what meets the eye when it comes to this multi faceted company. Read on to find out what makes this ticker an attractive bet.
Casino stocks got slammed in Q1 2020 as the world shut down. The Vegas Strip became a virtual ghost town as travel was halted. No one knew what the future would hold so these stocks sank lower and lower. However, one year later, the U.S. is ready to get back into action. Occupancy rates are jumping in Las Vegas, even nearing capacity for a few hotels on weekends. Macau revenue is also on its way back. Analysts expect more than 100% revenue growth this year for Wynn Resorts Ltd. (WYNN) and nearly 46% growth in 2022.
Nevertheless, the consensus expectation is that Wynn won’t return to full-year profitability until next year. But if the reopening maintains its strength Wynn and other Casinos are going to have a big tailwind to work with.
Wynn Resorts owns and operates resorts and casinos in Nevada and Macau. The company holds more Forbes Travel Guide Five Stars than any other independent hotel company in the world. The company also just announced big plans in the wings for its online gaming and sports betting unit.
Where to invest $1,000 right now...
Before you consider buying Wynn Resorts Ltd., you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Wynn Resorts Ltd..
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
