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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Wynn Resorts    WYNN

WYNN RESORTS

(WYNN)
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Trade Optimism Boosts Shares of Casino, Manufacturing, Semiconductor Companies

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12/12/2019 | 11:45am EST

By Akane Otani

Shares of companies sensitive to U.S.-China trade policy are rallying on hopes that the two countries may be nearing an agreement.

The S&P 500 climbed 0.8% Thursday after President Trump said a trade deal with China was close, and The Wall Street Journal reported U.S. negotiators had offered to cancel fresh tariffs on Chinese goods that were set to take place Sunday.

A few categories of stocks got an even bigger boost.

Wynn Resorts Ltd. and Las Vegas Sands Corp. rose 7% and 3.9%, respectively. The casino operators both operate resorts in Macau, a semiautonomous region of China, making them sensitive to Washington and Beijing's trade rift.

Chemicals companies also jumped. Shares of Dow Inc., which makes chemical products used in industries ranging from agriculture to consumer goods, added 2%. The company had cut its full-year spending forecast over the summer, citing the prolonged U.S.-China trade fight.

Another group getting a boost Thursday: industrial stocks. One of the key snags in the U.S. and China's trade negotiations over the past few months has been disagreement over the level of farm purchases China should make from the U.S. A trade deal that clears the picture there stands to benefit farms and the companies that make equipment for them. Deere & Co., which manufactures equipment for farmers, along with construction companies, rose 1.2%. Caterpillar Inc. advanced 1.7%.

Semiconductor firms, whose profits rely in part on demand from China, also outperformed the broader market. Shares of Nvidia Corp. added 1.7%, while Micron Technology Inc. rose 3%.

Write to Akane Otani at akane.otani@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CATERPILLAR INC. -2.80% 136.445 Delayed Quote.-4.94%
DEERE & COMPANY -3.12% 164.84 Delayed Quote.-1.81%
DJ INDUSTRIAL -1.41% 28585.85 Delayed Quote.1.58%
DOW INC 0.00%End-of-day quote.0.00%
LAS VEGAS SANDS CORP. -6.33% 63.61 Delayed Quote.-1.72%
MICRON TECHNOLOGY -4.16% 55.41 Delayed Quote.7.40%
NASDAQ 100 -1.95% 8966.545874 Delayed Quote.5.54%
NASDAQ COMP. -1.77% 9152.951764 Delayed Quote.4.58%
NVIDIA CORPORATION -4.48% 239.0799 Delayed Quote.6.45%
S&P 500 -1.41% 3249.72 Delayed Quote.2.00%
WYNN RESORTS -7.29% 125.13 Delayed Quote.-2.97%
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Financials (USD)
Sales 2019 6 694 M
EBIT 2019 974 M
Net income 2019 285 M
Debt 2019 7 913 M
Yield 2019 2,94%
P/E ratio 2019 49,8x
P/E ratio 2020 23,3x
EV / Sales2019 3,33x
EV / Sales2020 3,01x
Capitalization 14 395 M
Chart WYNN RESORTS
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Technical analysis trends WYNN RESORTS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 151,79  $
Last Close Price 134,75  $
Spread / Highest target 34,3%
Spread / Average Target 12,6%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Matthew O. Maddox Chief Executive Officer & Director
Craig S. Billings President, Chief Financial Officer & Treasurer
Philip Glen Satre Non-Executive Chairman
Patricia Mulroy Independent Director
Clark T. Randt Director
Sector and Competitors
1st jan.Capitalization (M$)
WYNN RESORTS-2.97%14 395
LAS VEGAS SANDS CORP.-1.72%52 108
MGM RESORTS INTERNATIONAL-5.11%16 258
GENTING SINGAPORE LTD--.--%8 119
SJM HOLDINGS LIMITED3.15%6 691
TABCORP HOLDINGS LIMITED4.86%6 551