Hot Stocks to Buy: Wynn Resorts, Limited (WYNN)
People are travelling again as consumer confidence and wages are on the rise.
Wynn Resorts, Limited (NASDAQ:WYNN) reflects that as the stock is trading 48% higher since the beginning of the year. Despite the stellar performance, only 27% of the Wall Street analysts covering WYNN have it ranked a buy. Talk about missing the boat.
Besides trading in an intermediate-term bullish trend, the shares have been in a bull market since November 2016 when they crossed above their 20-month moving average. This should be attracting more long-term buyers like analysts.
We’re expecting the other 73% to start upgrading WYNN shares, driving the stock to a target of $160.