Apparently, the analyst covering them is a long term bear on the sector, which is making WYNN and a few others jump higher.
We upgrade our price targets by +2% to +17% for the six Macau gaming operators. Sands China goes to Outperform (from Neutral) and Melco Crown to Neutral. We believe Sands China and Galaxy Entertainment, with well established properties in Cotai, will be the biggest beneficiaries of the project delays announced so far by Wynn Macau and MGM China. Wynn Macau remains our top-short pick. It might further delay the Wynn Palace opening, which could trigger Bloomberg consensus downgrades.
A ballsy call, considering the Chinese gov’t seem to be hellbent on making life ruinous for casino operators in Macau.
I miss the dayz when the “Fly” bot stocks cause they’re going to a “hundy “
Hawk BULLARD is speaking today. THis DOLLAR Short Squeeze has to end soon. When analyst start to think WYNN is a buy shows us that they have no clue that the Commodity for Financing Trade is dead. Chinese Biz doesn’t need to smuggle money out of WYNN anymore because no one is going to give them a loan on that Ton of Copper. Aussie is Red and I have a FOMC Hawk on tap….come on USD.