Jim Cramer Says Wynn Resorts Has Three Things Going For It
Jim Cramer says he has liked Wynn Resorts since founder Steve Wynn began buying back stock in the $50 range.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he has liked Wynn Resorts (WYNN) - Get Report since founder Steve Wynn began buying back stock in the $50 range. While Cramer said he never chases stocks that are moving higher, he would recommend buying shares on any dip. Cramer said, Wynn is 'building an actual beach in Vegas, he's got a new casino coming in greater Boston and they're doubling down on Macau just when it looks like the Chinese are starting to loosen up on gambling. The vice stocks have outperformed this year and I think they will continue to do so.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
