Cramer’s Stop Trading! – Buy Wynn Resorts Ltd

On Monday’s “Stop Trading!” segment, Jim Cramer told viewers that the Dubai World debt crisis is being shrugged off by the markets today, because very few U.S. businesses have exposure to the firm. “One of the only banks that really has a piece of Dubai World’s business is Citigroup Inc. (NYSE:C),” Cramer said. He pointed out that European banks like Royal Bank of Scotland Group plc (ADR)(NYSE:RBS) have the most exposure to Dubai World. However, one US company that does have some exposure to Dubai World is  MGM Mirage (NYSE:MGM). Dubai World controls about 6% of the company and is a 50% owner of MGM’s CityCenter development, which is scheduled to open this week. With that in mind, Cramer told viewers to stay away from MGM and buy rival Wynn Resorts Ltd (WYNN) instead. “Wynn has Macau and a better balance sheet. If MGM is actually successful, more people will be going to Wynn.” he said. Moving on to the steel sector, Goldman Sachs Group Inc. (NYSE:GS) upgraded the group last week and Cramer said Nucor Corporation (NYSE:NUE) and Steel Dynamics Inc. (STLD) are the best plays off that call. Also, State Street (NYSE:STT) traded up after it announced that it is expanding its asset-management business with Morgan Stanley (NYSE:MS). Cramer blessed the stock as a trade, saying it could trade higher due to the deal. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

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