Hong Kong construction titan turned Macau casino boss Lui Che-Woo dies aged 95 By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
0mins
Should l Buy WYNN?
Source: Investing.com
Lui Che Woo's Legacy: Lui Che Woo, the influential casino tycoon and chairman of Galaxy Entertainment, passed away at 95, leaving a significant impact on Macau's gambling industry and philanthropy.
Business and Family Involvement: He was known for his close ties to the Chinese government and was actively involved in his family's business, with his son Francis taking over day-to-day operations while Lui remained engaged in strategic decisions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy WYNN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on WYNN
Wall Street analysts forecast WYNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WYNN is 146.62 USD with a low forecast of 126.04 USD and a high forecast of 164.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 113.200
Low
126.04
Averages
146.62
High
164.00
Current: 113.200
Low
126.04
Averages
146.62
High
164.00
About WYNN
Wynn Resorts, Limited is a designer, developer, and operator of integrated resorts featuring hotel rooms, retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. The Company owns and operates Wynn Las Vegas, Wynn Macau, Wynn Palace, Cotai, Wynn Mayfair, and operates Encore Boston Harbor. Wynn and Encore Las Vegas consist of two hotel towers with a total of 4,748 spacious hotel rooms, suites, and villas. Encore Boston Harbor features 671 hotel rooms and suites, a spa, 14 dining and lounge venues, a nightclub, and a ballroom and meeting spaces. Wynn Macau is in the Macau Special Administrative Region of the People's Republic of China with two luxury hotel towers. Wynn Palace offers 1,706 exquisite rooms, suites, and villas, 14 food and beverage outlets, meeting and convention space, an extensive boutique shopping esplanade, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a spa and salon.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Realty Income Increases Dividend for 112 Consecutive Quarters
- Stable Dividend Growth: Realty Income has increased its dividend for 112 consecutive quarters, demonstrating its ability to deliver stable growth across various macroeconomic environments, which is likely to continue attracting income-seeking investors.
- Strong Market Prospects: The company has a total addressable market of $8.5 trillion in Europe, indicating significant expansion potential, particularly with its investments in private capital that will further enhance its competitive position.
- UPS Cash Flow Assurance: United Parcel Service (UPS) expects to generate $6.5 billion in free cash flow in 2023, sufficient to cover $5.4 billion in dividends while also spending $3 billion on capital expenditures, showcasing its financial health and ability to maintain dividends.
- Verizon's Financial Improvement: Verizon Communications projects a 7% year-over-year increase in free cash flow to $21.5 billion in 2026, and with 19 consecutive years of dividend increases, it indicates strong growth potential following the acquisition of Frontier Communications.
See More
Analysis of High-Yield Stock Investment Strategies
- REIT Stability: Realty Income, the world's sixth-largest REIT, owns over 15,500 properties with top tenants like Dollar General and FedEx, boasting a forward dividend yield of 5.1%, and its impressive track record of 30 consecutive years of dividend increases underscores its stability and growth potential.
- Delivery Giant Resilience: United Parcel Service has never cut its dividend since going public in 1999, currently offering a 5.6% dividend yield, with projected free cash flow of $6.5 billion in 2023, sufficient to cover $5.4 billion in dividends, highlighting its strong financial health and growth prospects.
- Telecom Growth Potential: Verizon Communications offers a 6.1% dividend yield and has increased its dividend for 19 consecutive years, with free cash flow expected to rise to $21.5 billion in 2026, indicating robust growth following its acquisition of Frontier Communications, which strengthens its market position.
- Market Volatility and Investment Strategy: Despite increasing market volatility and concerns over a potential AI stock bubble, high-yield stocks like Realty Income, UPS, and Verizon present attractive options for investors, particularly in uncertain economic conditions due to their stability and growth potential.
See More
Movers: Hims & Hers, Novo Nordisk, Micron, Kroger, STMicroelectronics, Nvidia, and Others
- Stock Market Trends: Stock futures were declining on Monday as investors expressed concerns about the sustainability of a recent relief rally.
- Investor Sentiment: There is a prevailing uncertainty among investors regarding the market's ability to maintain upward momentum following last week's gains.
See More
Key Focus Areas This Week: Jobs, Consumer Prices, Coca-Cola, CVS, Ford, McDonald's, and More
- Market Performance: The Dow Jones Industrial Average rose by 2.5% and closed above 50,000 for the first time.
- Nasdaq Struggles: In contrast, the Nasdaq Composite ended the week down 1.8%, despite a strong rally on Friday.
See More
U.S. Jobs and Inflation Data Set for Release
- Job Data Expectations: The U.S. is expected to add 60,000 jobs in January, up from 50,000 in December, which could influence the Fed's monetary policy direction amidst ongoing economic uncertainty.
- Inflation Metrics Analysis: The January Consumer Price Index is projected to rise by 0.29% month-over-month and 2.5% year-over-year, showing improvement but still falling short of the Fed's 2% target, potentially affecting investor rate expectations.
- Market Reaction and Risks: Recent signs of labor market weakness, including an ADP report indicating only 22,000 new private sector jobs, may heighten expectations for further Fed rate cuts, although investors remain optimistic about economic resilience.
- Stock Market Rotation Trend: A significant rotation within the stock market is underway, with the Dow Jones Industrial Average rising over 2% this week, reflecting confidence in economic recovery, despite ongoing weakness in tech stocks.
See More
Wynn Resorts Again Named to FORTUNE's Most Admired Companies List
- Industry Leadership: Wynn Resorts has once again been recognized on FORTUNE Magazine's World's Most Admired Companies list, leading the Hotels, Casinos & Resorts category, which underscores its exceptional performance and influence within the industry.
- Excellence in Quality and Management: The company ranked first in Quality of Products/Services and People Management, reflecting its high scores in innovation and management quality, which further solidifies its market leadership position.
- Global Recognition: Wynn Resorts is acknowledged globally for its commitment to excellence, with CEO Craig S. Billings emphasizing that the dedication and passion of the team are key to the company's success, enhancing brand image and customer loyalty.
- Future Development Plans: Wynn Resorts is constructing an integrated resort in Ras Al Khaimah, UAE, set to open in 2027, which will offer 1,542 rooms and various luxury amenities, further expanding its global market presence and business footprint.
See More
Realty Income Increases Dividend for 112 Consecutive Quarters
- Stable Dividend Growth: Realty Income has increased its dividend for 112 consecutive quarters, demonstrating its ability to deliver stable growth across various macroeconomic environments, which is likely to continue attracting income-seeking investors.
- Strong Market Prospects: The company has a total addressable market of $8.5 trillion in Europe, indicating significant expansion potential, particularly with its investments in private capital that will further enhance its competitive position.
- UPS Cash Flow Assurance: United Parcel Service (UPS) expects to generate $6.5 billion in free cash flow in 2023, sufficient to cover $5.4 billion in dividends while also spending $3 billion on capital expenditures, showcasing its financial health and ability to maintain dividends.
- Verizon's Financial Improvement: Verizon Communications projects a 7% year-over-year increase in free cash flow to $21.5 billion in 2026, and with 19 consecutive years of dividend increases, it indicates strong growth potential following the acquisition of Frontier Communications.
See More
Analysis of High-Yield Stock Investment Strategies
- REIT Stability: Realty Income, the world's sixth-largest REIT, owns over 15,500 properties with top tenants like Dollar General and FedEx, boasting a forward dividend yield of 5.1%, and its impressive track record of 30 consecutive years of dividend increases underscores its stability and growth potential.
- Delivery Giant Resilience: United Parcel Service has never cut its dividend since going public in 1999, currently offering a 5.6% dividend yield, with projected free cash flow of $6.5 billion in 2023, sufficient to cover $5.4 billion in dividends, highlighting its strong financial health and growth prospects.
- Telecom Growth Potential: Verizon Communications offers a 6.1% dividend yield and has increased its dividend for 19 consecutive years, with free cash flow expected to rise to $21.5 billion in 2026, indicating robust growth following its acquisition of Frontier Communications, which strengthens its market position.
- Market Volatility and Investment Strategy: Despite increasing market volatility and concerns over a potential AI stock bubble, high-yield stocks like Realty Income, UPS, and Verizon present attractive options for investors, particularly in uncertain economic conditions due to their stability and growth potential.
See More
Movers: Hims & Hers, Novo Nordisk, Micron, Kroger, STMicroelectronics, Nvidia, and Others
- Stock Market Trends: Stock futures were declining on Monday as investors expressed concerns about the sustainability of a recent relief rally.
- Investor Sentiment: There is a prevailing uncertainty among investors regarding the market's ability to maintain upward momentum following last week's gains.
See More
Key Focus Areas This Week: Jobs, Consumer Prices, Coca-Cola, CVS, Ford, McDonald's, and More
- Market Performance: The Dow Jones Industrial Average rose by 2.5% and closed above 50,000 for the first time.
- Nasdaq Struggles: In contrast, the Nasdaq Composite ended the week down 1.8%, despite a strong rally on Friday.
See More
U.S. Jobs and Inflation Data Set for Release
- Job Data Expectations: The U.S. is expected to add 60,000 jobs in January, up from 50,000 in December, which could influence the Fed's monetary policy direction amidst ongoing economic uncertainty.
- Inflation Metrics Analysis: The January Consumer Price Index is projected to rise by 0.29% month-over-month and 2.5% year-over-year, showing improvement but still falling short of the Fed's 2% target, potentially affecting investor rate expectations.
- Market Reaction and Risks: Recent signs of labor market weakness, including an ADP report indicating only 22,000 new private sector jobs, may heighten expectations for further Fed rate cuts, although investors remain optimistic about economic resilience.
- Stock Market Rotation Trend: A significant rotation within the stock market is underway, with the Dow Jones Industrial Average rising over 2% this week, reflecting confidence in economic recovery, despite ongoing weakness in tech stocks.
See More
Wynn Resorts Again Named to FORTUNE's Most Admired Companies List
- Industry Leadership: Wynn Resorts has once again been recognized on FORTUNE Magazine's World's Most Admired Companies list, leading the Hotels, Casinos & Resorts category, which underscores its exceptional performance and influence within the industry.
- Excellence in Quality and Management: The company ranked first in Quality of Products/Services and People Management, reflecting its high scores in innovation and management quality, which further solidifies its market leadership position.
- Global Recognition: Wynn Resorts is acknowledged globally for its commitment to excellence, with CEO Craig S. Billings emphasizing that the dedication and passion of the team are key to the company's success, enhancing brand image and customer loyalty.
- Future Development Plans: Wynn Resorts is constructing an integrated resort in Ras Al Khaimah, UAE, set to open in 2027, which will offer 1,542 rooms and various luxury amenities, further expanding its global market presence and business footprint.
See More
