DIRS.INFO The most relevant business & tech news

☆ P&G's rally signals economic worries are back — plus, we're downgrading a consumer stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

That's why some classic slowdown stocks in the health care and consumer staples sectors are outperforming versus cyclicals. But with Wynn earnings coming up Tuesday, we'd rather be cautious and downgrade our rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells, Stanley Black, Wynn, we've, — Wynn, we'd, We'll, Coterra, FactSet, Jim Cramer's, Jim Organizations: CNBC, Treasury, Federal Reserve, Procter, Gamble, Wynn Resorts, MGM Resorts, MGM, Revenue, Vegas, Coterra Energy, Apple, Intel, Club, Linde, Exxon Mobil, Chevron, Jim Cramer's Charitable Locations: Wells Fargo, Las Vegas, Macau, Vegas, China

☆ Shares of Wynn Resorts rise after another great quarter but are still cheap
▼ + stars: | 2024-05-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region. Macao It was a double beat in Macao, with both properties (Wynn Palace and Wynn Macao) reporting revenue and profit results better than Street expectations. Las Vegas Las Vegas put up a record first quarter of adjusted property EBITDAR. The Wynn Las Vegas resort and casino at dusk in Las Vegas, Nevada, US, on Monday, May 8, 2023. Wynn Resorts Ltd. is scheduled to release earnings figures on May 10.

Persons: We're, —, DraftKings, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bridgett Bennett Organizations: Wynn Resorts, Super, LSEG, Vegas Sands, MGM Resorts International, Wynn, Vegas Las, Super Bowl, Management, CNBC, Wynn Resorts Ltd, Bloomberg, Getty Locations: Las Vegas, China's Macao, Las Vegas , Boston, Macao, China, Vegas, Wynn Macao, Vegas Las Vegas, Boston, UAE, Las Vegas , Nevada

☆ Wynn is almost back in Macao and crushing it in Vegas even before Super Bowl, Chinese New Year
▼ + stars: | 2024-02-07 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It appears the strength in the fourth quarter has carried over into the current (first) quarter in all three locations. Macao We're happy to see the strong top-line performance in both Macao locations, even if Wynn Palace's adjusted EBITDAR came up a tad bit short. Total adjusted EBITDAR of $297 million (Wynn Palace and Wynn Macao added together) represents about 85% of Wynn's pre-Covid fourth quarter 2019 level of $348 million in the Chinese special administrative region. Breaking that down, Wynn Palace was still a bit further ahead in its recovery but Wynn Macao is quickly gaining ground. In 2019, Wynn Macao generated $170 million in fourth quarter adjusted EBITDAR.

Persons: —, WYNN, Wynn Al Marjan, Wynn, Al Marjan, Wynn Palace's, EBITDAR, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, Vegas, Boston, Club, LSEG, Super Bowl, United Arab Emirates, Wynn, Wynn Macao, Las Vegas, Bowl, Super, Wynn Interactive, Capital, CNBC, Bloomberg, Getty Locations: Macao, Las Vegas, Boston, United Arab, UAE, China, Wynn Macao, EBITDAR, Vegas Las Vegas, Las, Vegas, New York, Michigan

☆ The market unfairly docks Wynn after a strong quarter. But we see a buying opportunity
▼ + stars: | 2023-11-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

But investor concerns over an unevenness to the Macao recovery sparked selling in afterhours trading, sending Wynn stock down more than 5% — and creating a potential buying opportunity. Despite these positives, Thursday evening's sell-off brought Wynn stock to about $40 below the level at which was trading in 2019. However, the company's two properties in the region – Wynn Palace and Wynn Macao – are not enjoying an equal pace of recovery. In the third quarter of 2023, Wynn Macao generated about $78 million in profits, which when annualized is only $312 million. The weakness at Wynn Macao has the market concerned Thursday about a loss of market share.

Persons: Wynn, —, we're, management's, Wynn Al, There's, annualized, Craig Billings, Jim Cramer's, WYNN, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, WYNN, LSEG, Wynn Macao, Wynn, United Arab Emirates, Vegas, Management, Prix, NFL, Wynn Interactive, CNBC, Bloomberg, Getty Locations: Las, Macao, China, Las Vegas, Boston, Wynn Al Marjan, EBITDAR, Wynn Macao, Vegas, RevPar

☆ Stocks making the biggest moves premarket: Capri, Tapestry, AppLovin, Disney and more
▼ + stars: | 2023-08-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:Capri , Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading. AppLovin — AppLovin shares popped 25.8% in early morning trading after the company posted strong second-quarter results and optimistic third-quarter revenue guidance. The game developer said it expects $780 million to $800 million in revenue for the third quarter, exceeding the $741 million expected by analysts. AppLovin reported earnings of 22 cents per share for the second quarter, while analysts expected 7 cents, according to Refinitiv. The amusement park company reported earnings of 25 cents per share on revenue of $444.0 million.

Persons: Kate Spade, Versace, Jimmy Choo, Michael Kors, AppLovin, Sonos, Refinitiv, Walt Disney, — Illumina, Yun Li, Jesse Pound, Pia Singh Organizations: Capri Holdings, Capri, Wynn, Wynn Resorts, Walt Disney —, Disney, Six Locations: Alibaba, China

☆ Wynn delivers second straight quarterly beat, smashes estimates across the board
▼ + stars: | 2023-08-09 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Wynn Resorts (WYNN) delivered impressive second-quarter results on Wednesday, including higher profit margins out of a resurgent China — the linchpin of our investment thesis. Combined adjusted property EBITDAR in for North American properties was also a second quarter record. So, the higher the table game win rate, the more cash Wynn is holding onto and recording as revenue. Las Vegas The win rate in Las Vegas was in line with management's expectations, though down from a year ago. Wynn Interactive Wynn continues to take a disciplined cost approach to its digital gaming platform.

Persons: —, We're, Wynn, Wynn Interactive Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bob Henry Organizations: Wynn Resorts, WYNN, Refinitiv, North, Management, Wynn, Las Vegas, Wynn Interactive, CNBC, Universal, Getty Locations: China, Macau, North American, United States, Las Vegas, Boston, Wynn Macau

☆ Wynn Resorts delivers the quarter we've been waiting for, bolstered by China
▼ + stars: | 2023-05-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.

☆ The outlook for Wynn Resorts hasn't been this good since the pandemic started
▼ + stars: | 2023-02-08 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Wynn Resorts (WYNN) reported promising fourth-quarter results Wednesday and even better guidance as the casino operator looks to profit from China's reopening. Along with a rebounding Macau, the casino operator's Las Vegas and Boston operations posted strong results that have continued into the current quarter. The near-term outlook for Wynn is as bright as it's been since the start of the pandemic. For the full year, Las Vegas generated $816 million of normalized adjusted property EBITDA, and management said it's "confident that this is an all-time record for a standalone Las Vegas Strip property". Wynn Las Vegas remains closed as a result of the statewide shutdown due to the continuing spread of the coronavirus on April 27, 2020 in Las Vegas, Nevada.

☆ Stocks making the biggest moves midday: Disney, Tesla, Mesa Air and more
▼ + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast. Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. Mesa Air Group — Shares of the airliner jumped 5% after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities.

☆ Casino operator Wynn delivers decent Q3 despite ongoing China pressures
▼ + stars: | 2022-11-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +11 min

Casino operator Wynn Resorts (WYNN) reported solid third-quarter results Wednesday, boosted by its U.S. properties, even as its China operations continued to be squeezed by Beijing's strict Covid-19 measures. Despite lower revenues, the Adjusted Property EBITDA loss was $21.8 million, compared to forecasts of a $43 million loss. But the Adjusted Property EBITDA loss was smaller than anticipated, at $43.8 million, compared to the $59 million loss predicted by analysts. Despite lower revenues, the Adjusted Property EBITDA loss was $21.8 million, compared to forecasts of a $43 million loss. But the Adjusted Property EBITDA loss was smaller than anticipated, at $43.8 million, compared to the $59 million loss predicted by analysts.

Search resuls for: "— Wynn"

10 mentions found