Wynn (WYNN) Is Winning Pre-Earnings: Vegas Numbers Up 40%

Wynn (WYNN) earnings will be released today, May 9th, postmarket. Alex Coffey and Jenny Horne discuss this as its adjusted EPS is estimated at -$0.18 and its revenue is estimated at $1.25B. They talk about how WYNN is up 122% from its 52-week low and then compare it to other casinos. They go over how its Las Vegas numbers are about 40% better, but is still struggling a bit in Macau. They note that Macau is still not open to full capacity since the pandemic began. Alex then demonstrates an example trade using WYNN. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.