Let’s talk about Wynn Resorts (NASDAQ:WYNN).
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.