Wynn Resorts Ltd (WYNN): Today's Featured Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Wynn Resorts ( WYNN) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Wynn Resorts fell $3.19 (-2.2%) to $138.45 on average volume. Throughout the day, 1,454,735 shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1,212,600 shares. The stock ranged in price between $137.36-$140.00 after having opened the day at $139.79 as compared to the previous trading day's close of $141.64. Other companies within the Services sector that declined today were: Newlead Holdings ( NEWL), down 18.3%, Asia Entertainment & Resources ( AERL), down 13.4%, Seanergy Maritime Holdings ( SHIP), down 12.8% and Envoy Capital Group ( ECGI), down 11.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. Wynn Resorts has a market cap of $14.4 billion and is part of the leisure industry. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7. Shares are up 26.6% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Wynn Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, rue21 ( RUE), down 23.0%, UniTek Global Services ( UNTK), down 13.6%, Lender Processing Services ( LPS), down 12.9% and ChinaNet Online Holdings ( CNET), down 12.7% , were all gainers within the services sector with Best Buy ( BBY) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

China's Golden Week Holiday Set to Unleash Gambling Explosion

Opposition Party Makes Political Gains in Macau, Changes in Governance Possible

When it Drops, it's Time to Shop: Cramer's 'Mad Money' Recap (Tuesday 9/12/17)

RH, Walt Disney, Wynn Resorts, Nvidia: 'Mad Money' Lightning Round

Typhoon Hato Washes Out Macau With 124 mph Winds, Dries Out Casino Stocks