Why Wynn’s Reopening Rally is Fading

The “re-opening” of the economy brought optimism to businesses that rely on travelers and tourists for their revenue, including Wynn Resorts. But WYNN stock is highly cyclical, and its balance sheet is levered enough to create credit stress in unfavorable conditions With plenty of negative economic and job market news on the horizon that will dampen casino and resort activity, it’ll be hard for WYNN shareholders to maintain a bullish view.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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