Diamonds and Dogs
Wynn Resorts (WYNN) is riding a hot hand. Wynn's stock has been on a roll coaster ride the last month. After opening their $4 billion casino in Macau, China in August, the stock dropped 14% in just two weeks. But since then, the stock is up 17% in the last two weeks thanks to improved traffic to their new casino and better gaming numbers. Tomorrow, rival Las Vegas Sands opens their Macau, China resort, the Parisian. With Wynn Resorts right back to its 52 week high, the question is will the stock finally break out?
Polaris is on fire, literally! Polaris Industries (PII), the maker of snowmobiles and off road vehicles, is down 5% after slashing earnings due in part to recalls on their four-wheeler, the RZR Turbo. The recall on the RZR Turbo is due to potential fire hazard. The company now expects fiscal full-year 2016 earnings to be in the range of $3.30 to $3.80 per share. It previously expected earnings in the range of $6.00 to $6.30. Lets hope we have a cold and snowy winter for Polaris sake to boost snowmobile sales.