Wynn Resorts (WYNN) Up Over 119% From 52-Week Lows

Barclays upgraded Wynn Resorts (WYNN) to overweight from equal weight and raised its price target to $135 from $120. Alex Coffey and Jenny Horne discuss WYNN as Barclays says that Las Vegas is more resilient than appreciated. They talk about how WYNN is outperforming some of its competitors including MGM Resorts (MGM) and Las Vegas Sands (LVS). They also go over how WYNN is up over 119% from its 52-week lows. Barclays has yet to give WYNN credit for Wynn Al Marjan. Alex then demonstrates an example trade using WYNN. The trade type is a buy call calendar and the direction is bullish. Tune in to find out more about the stock market today.