Diamonds and Dogs

4/1/22

Wynn Resorts (WYNN) higher on an upgrade. The current gaming revenue in China is not pretty as Covid-19 is still weighing on gambling, but Citigroup upgraded the stock saying Wynn is poised to shift away from trading on pandemic waves. The analyst has a price target of $96.50 a share.

Ford (F) and GM (GM) finished lower as the companies continue to struggle with chip shortages. Ford Motor and General Motors will each halt production next week at Michigan plants due to parts shortages. Ford said it would suspend production at its Flat Rock Assembly Plant next week, where it builds the Mustang while GM will cancel production next week at Lansing Grand River assembly, where it builds the Cadillac CT4, Cadillac CT5 and Chevrolet Camaro.

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