Jim Cramer: Buy Wynn Resorts on Any Pullback

Shares of Wynn Resorts (WYNN) have fallen more than 2% on Monday, despite an upgrade from UBS to buy from hold, based on improved fundamentals in Macau and Las Vegas.

The stock is up more than 21% for the year to date.

The numbers at Wynn Resorts are "done going down. [Chief Executive] Steve Wynn has done a remarkable job," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.

WYNN Chart
WYNN
data by YCharts

"I would say that on any pullback, the numbers are so good, that going forward you want to own it," Cramer said, noting that "there are a lot of easier comparisons coming, either because of the dollar or because of China."

Macau gaming revenue at Wynn Resorts last month declined by just 0.1%, which is much improved from a year-over-year decline of 32% in November.

"Wynn is the kind of stock that if you can get that in the $70s, I think you do fabulous," Cramer said. Shares currently trade around $84.

At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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