Is Wynn worth the gamble for your portfolio?

FBN's Charles Payne, Stifel Nicolaus Portfolio Manager Chad Morganlander, A&G Capital CIO Hilary Kramer and Belpointe Asset Management Chief Strategist David Nelson.

This article is part of the series

Why I Think WYNN Is a Win for Your Portfolio

By Payne's Picks FOXBusiness

Let’s talk about Wynn Resorts (WYNN).

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I've talked about it before. It's been hammered, but this week, it's come on strong.

I honestly am a huge fan of Steve Wynn, who has been going through a big beef with his wife, which I think actually is one of the reasons this stock has been under pressure. Obviously, it's a Macau play. Macau virtually overnight became the gambling mecca of the world. The Chinese government has been real tough, cracking down on everything from the high-fliers to chain smokers.

It's been a tough go-forth with Macau, but I think the worst is over. Month-to-month losses on a year-over-year basis have decreased. I think we're at a point of inflection. And I think this stock acts absolutely fantastic. I think it can make 100 points to the upside between now and the end of the year.

DISCLOSURES

Wynn Resorts (WYNN)

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Banking

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