|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.51 - 16.75|
|52 Week Range||13.64 - 21.33|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 27, 2019|
|1y Target Est||N/A|
Stock futures were mixed Tuesday amid concerns about the possible impact of rising prices on the Federal Reserve's support for a U.S. economy recovering from the COVID-19 pandemic. TheStreet founder Jim Cramer returned to the floor of the New York Stock Exchange on Monday. "We need all sorts of tech stocks to keep up with what I regard as a runaway industrial market," said Cramer.
Moody's Investors Service ("Moody's") today said that the proposed $650 million add-on to Wynn Macau, Limited's ("WML") senior unsecured notes due 2028 does not impact the B1 rating on the notes. WML is a 72.2% owned subsidiary of Wynn Resorts Finance, LLC ("WRF" or "Wynn"), which in turn is a wholly-owned subsidiary of Wynn Resorts, Limited.
Shares of Wynn Resorts (NASDAQ: WYNN) are up 40% over the past month and have nearly tripled from the lows hit during the broad market sell-off in March. Investors are betting the casino industry will be soon bouncing back, and because Wynn's operations are heavily weighted toward Macao -- the only place in China where it is legal to bet -- it could see a recovery sooner rather than later as the tiny peninsula saw a promising recovery in gaming revenue in October. Las Vegas Sands is reportedly considering selling its Las Vegas properties to go all in on Asia, primarily Macao, but for the time being, Wynn Resorts has more exposure to the market as it derives about three quarters of its adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) from the city.