Diamonds and Dogs
The worst sell off for 2017 means not many stocks are trading higher. Investors may want to take a gamble on Wynn Resorts (WYNN). Wynn is up a percent on an upgrade at Aegis with a $121 price target. The analyst said while the valuation is demanding, but believes the potential for upward consensus EBITDA revisions outweigh current valuation. We'll see.
Looks like a bank holiday today. The regional bank sector (KRE) is down 5% to a 3 ½ month low on comments from Sherrod Brown, a ranking member of the Senate Banking Committee. Sherrod suggested today that a full rollback of the Dodd-Frank act will not happen. That seems quite logical, but with the run up in the banks, it didn't take much negative news to cause a financial sell off.
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