WYNN: We Are Removing Wynn Resorts from Investing Ideas

08/08/19 12:00PM EDT

A quick note from Hedgeye CEO Keith McCullough:

"We thought the stock would act a lot better than it has after they reported their recent quarter. With that, a new Bearish @Hedgeye TREND signal, and a blackhole of China risk still on the table, I’m going to stop us out of WYNN here as my signal says I can revisit it lower."

***No change to Gaming, Lodging & Leisure analyst Todd Jordan's fundamental long thesis on Wynn Resorts (WYNN).

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.