Casino Stocks Down Despite Craig-Hallum Upgrade

Following Melco Crown Entertainment's MPEL second quarter earnings miss Thursday morning, stocks across the casino sector have taken a hit.

However, if you were to ask the team at Craig-Hallum, they might suggest buying the dip, at least when it comes to Las Vegas Sands LVS, down 2.4 percent, and Wyndham Worldwide WYN, down 0.33 percent, as the firm upgraded the two stocks from Hold to Buy.

Wynn Resorts WYNN was also down more than one percent.