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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Wynn Resorts ( WYNN) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 1.9%. By the end of trading, Wynn Resorts fell $3.73 (-2.6%) to $139.21 on average volume. Throughout the day, 980,330 shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1,282,800 shares. The stock ranged in price between $138.75-$141.96 after having opened the day at $141.19 as compared to the previous trading day's close of $142.94. Other companies within the Leisure industry that declined today were: Isle of Capri Casinos ( ISLE), down 5.6%, Royal Caribbean Cruises ( RCL), down 5.2%, Krispy Kreme Doughnuts ( KKD), down 4.9% and Biglari Holdings ( BH), down 4.9%.

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 $14.3 billion and is part of the services sector. Shares are up 26.2% year to date as of the close of trading on Monday. Currently there are 12 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Dover Downs Gaming & Entertainment ( DDE), up 6.2%, Empire Resorts ( NYNY), up 3.4%, Ark Restaurants ( ARKR), up 2.6% and Rick's Cabaret International ( RICK), up 2.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Target Slumps After Q1 Earnings Miss as Comparable Sales Slow, Traffic Improves

Target Slumps After Q1 Earnings Miss as Comparable Sales Slow, Traffic Improves

Pound Slides as Inflation Slows, Doubts Grow Over Bank of England Rate Hikes

Pound Slides as Inflation Slows, Doubts Grow Over Bank of England Rate Hikes