We recently published 10 Stocks That Were On Jim Cramer’s Radar As He Warned “It’s Too Early” To Buy. Wynn Resorts, Limited is one of the stocks Jim Cramer recently discussed.
Wynn Resorts, Limited is a resort and casino owner and operator. The shares have gained 50% year-to-date and are up by 35% since June-end. One major reason Wynn Resorts, Limited is higher year-to-date is Chinese resort region of Macau has continued to perform well. In his previous comments about the firm, Cramer has pointed out that Wynn Resorts, Limited might be a bit undervalued and has praised its CEO, Craig Billings. He continued with the praise this time around as well:
“Now I happen to think, just so you know, I’m not singling out Wynn, because Wynn already has paid for their giant thing that they’re doing it. Craig Billings is absolutely fantastic. He’s also on the board of AppLovin by the way, which makes me feel like AppLovin’s okay.”
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Here is what Cramer said about Wynn Resorts, Limited in July:
“Oh, I think WYNN, you know, we were, we were at Wynn earlier this year, and I was very worried about China. I still am, but my, they’ve got a good thing going. Craig Billings is such a good manager. He’s actually terrific, and I’m glad to see that stock is finally starting to move. It’s still very inexpensive on a PE basis.”
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This article is originally published at Insider Monkey.
