Jim Cramer Calls Wynn Resorts a “Very Difficult Investment”

Wynn Resorts, Limited (NASDAQ:WYNN) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. A caller sought Cramer’s opinion on the stock during the episode. In response, he commented:

If it weren’t for its commitment, which I admire, to a Gulf property, to Dubai, I would say that this thing should be at 120, 140, especially, I’ve gotta tell you, I don’t know if you saw the news about Tilman Fertitta buying that, the Caesars. But I think that Vegas is great, but Wynn does have that property, and I think that makes it a very difficult investment.

A stock market chart. Photo by Arturo A on Pexels

Wynn Resorts, Limited (NASDAQ:WYNN) designs and operates luxury integrated resorts that include casino spaces, high-end hotel accommodations, and diverse entertainment attractions. These properties offer a variety of amenities, including fine dining, retail shops, convention facilities, and specialized leisure experiences like spas and nightclubs. A caller asked for Cramer’s advice on the stock during the May 14 episode, and he responded:

Yeah, they got that, you know, they got a problem over there in the Gulf. They got this big… deal that they spent a lot of money on, and I gotta hold off for now. I gotta wait to see what happens in that area.

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