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Chicago, IL – Jan 29, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Wynn Resorts (WYNN - Free Report) .
Wynn Resorts (WYNN - Free Report) Plummets After CEO Accused of Sexual Misconduct
On Friday, The Wall Street Journalpublished a bombshell report saying that Wynn Resorts founder and CEO Steve Wynn engaged in a “decades-long pattern of sexual misconduct.” Shares of the casino giant have taken quite the hit on the news, and are currently down nearly 10% to $180.78 per share in late afternoon trading.
According to the Journal, Wynn paid $7.5 million in order to settle a claim brought by a former manicurist at his resort, who said that Wynn pressured her into having sex with him against her will.
In a statement, Wynn said that “the idea that I ever assaulted any woman is preposterous.”
Wynn also pressured massage therapists to perform sex acts for $1,000 tips, and other employees at the spa would set up fake appointments so that they would avoid contact with him, said the WSJ. Many of the women who came forward said they reported the harassment to supervisors or casino executives.
The Journal said it contacted more than 150 current and former employees, but notes that many of those who spoke out worried about their job opportunities because of Wynn’s huge influence throughout the casino industry.
Additionally, the newspaper detailed the ongoing lawsuit between Wynn and his ex-wife Elaine Wynn, who is trying to get control of her 9% stake in the company; the $7.5 million settlement has become a major part of this legal battle.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Wynn Resorts
For Immediate Release
Chicago, IL – Jan 29, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Wynn Resorts (WYNN - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
Wynn Resorts (WYNN - Free Report) Plummets After CEO Accused of Sexual Misconduct
On Friday, The Wall Street Journal published a bombshell report saying that Wynn Resorts founder and CEO Steve Wynn engaged in a “decades-long pattern of sexual misconduct.” Shares of the casino giant have taken quite the hit on the news, and are currently down nearly 10% to $180.78 per share in late afternoon trading.
According to the Journal, Wynn paid $7.5 million in order to settle a claim brought by a former manicurist at his resort, who said that Wynn pressured her into having sex with him against her will.
In a statement, Wynn said that “the idea that I ever assaulted any woman is preposterous.”
Wynn also pressured massage therapists to perform sex acts for $1,000 tips, and other employees at the spa would set up fake appointments so that they would avoid contact with him, said the WSJ. Many of the women who came forward said they reported the harassment to supervisors or casino executives.
The Journal said it contacted more than 150 current and former employees, but notes that many of those who spoke out worried about their job opportunities because of Wynn’s huge influence throughout the casino industry.
Additionally, the newspaper detailed the ongoing lawsuit between Wynn and his ex-wife Elaine Wynn, who is trying to get control of her 9% stake in the company; the $7.5 million settlement has become a major part of this legal battle.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.