Cramer Won't Touch Any Casino/Gaming Stocks (WYNN, MGM, LVS, IGT)
Get Alerts WYNN Hot Sheet
Price: $99.60 --0%
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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During last night's Lightning Round, Jim Cramer gave the entire gaming sector a swift kick to the you-know-where, saying that he likes the "bonds more than the stock". Although the caller was only asking Cramer about Wynn Resorts (Nasdaq: WYNN), Jim also threw in International Game Technology (NYSE: IGT) and the two other large casino stocks, MGM MIRAGE (NYSE: MGM) and Las Vegas Sands (NYSE: LVS), as "don't buys". Cramer said he is "concerned about the whole group" and wouldn't "touch any of them".
Cramer is looking smart today as the sector is moving to the downside. Shares of Wynn are down 3.6% to $28.67, shares of MGM are down nearly 9% to $7.41, Las Vegas Sands is down 3.2% to $4.23 and International Game Tech is down 0.2% to $10.41.
Cramer is looking smart today as the sector is moving to the downside. Shares of Wynn are down 3.6% to $28.67, shares of MGM are down nearly 9% to $7.41, Las Vegas Sands is down 3.2% to $4.23 and International Game Tech is down 0.2% to $10.41.
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