The Latest Breaking News from WYNN

Are Wall Street analysts favoring Wynn Resorts’ stock at the moment?

Wynn Resorts is expected to release its fiscal third-quarter earnings next month, and analysts project a double-digit earnings rise.

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, named Wynn Resorts, Limited (NASDAQ:WYNN) as his final trade.

On CNBC's “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ended July higher by 36% year-to-date. The company also reported a revenue growth of 26% year-over-year for July, he noted.

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, named Wynn Resorts, Limited (NASDAQ:WYNN) for successively higher highs this year. The stock is 1% away from its 52-week high and is then expected to break out from there, he added.

Wynn Resorts is scheduled to report its second-quarter results next month, and analysts are projecting a single-digit increase in profits.

Shares of casino stocks are trading higher after Macau’s June casino revenue reportedly rose.

Wynn Resorts has struggled to keep up with the Dow Jones Industrial Average over the past year, but Wall Street analysts remain highly bullish about the stock’s prospects.

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