Wynn Resorts is up 60% year-to-date but is a slowdown in China a reason to worry?
For some, one way to literally bet on China is by buying shares of Wynn Resorts. In the most recent quarter, 72.8% of Wynn's revenues came from its properties in Macau, China's gambling haven. Wynn has had, well, a winning year with shares up over 60% in 2013. But, with worries of a slowdown in China, should investors be worried that their wager on Wynn will go bust?
(Watch: Why casinos will stay hot)
Cameron McKnight, gaming analyst at Wells Fargo Securities, says Wynn remains a buy.
"Wynn's one of our favorite stocks," says McKnight on CNBC's Street Signs' Talking Numbers segment. "And, we generally like the large-cap gaming names."
McKnight says there are three reasons he likes Wynn: its exposure to Macau, its growth options, and its valuation given its return of capital.
However, Andrew Busch, editor and publisher of The Busch Update, says the chartsRead More »from Three reasons why Wynn is one of our favorite stocks: Wells Fargo