06/04/18 03:48 PM EDT

WYNN: Adding Wynn Resorts to Investing Ideas (Long Side)

Takeaway: We are adding WYNN to the LONG side of Investing Ideas today.

Below is a brief note from CEO Keith McCullough on why we're adding Wynn Resorts to the long side of Investing Ideas today:

Wynn Resorts (WYNN) down -5.5% today with some Old Wall analysts saying the VIP Business disappointment in May means they are going to miss the quarter.

But our Gaming Ace, Todd Jordan, thinks it's all due to "luck" (at the casino). When the analysts normalize for low hold, it will be a beat.

Buy on red,

WYNN: Adding Wynn Resorts to Investing Ideas (Long Side)

Cartoon of the Day: Tesla Navel Gazing

Why $TSLA Surged on Bad Earnings

Market Situation Report: Credit Card Debt Outpacing Savings

CHART OF THE DAY: Volatility Ramping

Cartoon of the Day: Ignorance

McCullough: Cut the Losers, Ride Your Winners

McCullough: This Market Setup Is ‘Really Nasty’ $SPY $NVDA

Cartoon of the Day: Low IQ

CHART OF THE DAY: How Much For A Burger?

Daniel Lacalle: Why the U.S. Public Debt Is Unsustainable and It Is Destroying The Middle Class

WEBCAST | Rooms Where It Happened: Lessons from a Life in Government

Poll of the Day: What Next for Oil Prices?

Here's Why Investors Need to Understand Our #GlobalDivergences Call

Merkel Blinks on Italy Bailout

CHART OF THE DAY: US Growth Stocks Hit All-Time Highs

Cartoon of the Day: Falling!

Sign up for free: Hedgeye's Market Brief