Wynn Resorts Ltd (WYNN)

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Morning Bell With Jim Cramer: Buy Wynn (WYNN)
By: TheStreet | June 8, 2021

• Jim Cramer talks stock market news, including Wynn, tech stocks and cruise lines.

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. He said the Nasdaq was key to the markets.

"We need all sorts of tech stocks to keep up with what I regard as a runaway industrial market," said Cramer.

Wynn Stock: Buy or Sell?

Cramer noted that Las Vegas casino operator Wynn (WYNN) has been hit hard recently as border requirements have tightened between Macau and Guangdong Province due to an increase in COVID-19 restrictions.

Last month, the company said first-quarter revenue at Wynn Macau declined 21.7% from a year ago.

"Wynn is an incredible company," Cramer said. "It's always been the best place. When I go out (to Las Vegas) in October, where will I stay? I'll stay at Wynn."

Cramer said he was not concerned about the Macau restrictions because now that the stock is down, "that's when you buy."

"There's nothing else bad that's coming," he said.

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