Cramer Ups His Price Target For WYNN And LVS

Craig Jones
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Posted on 09/15/09 at 6:43pm by Craig Jones

CNBC’s Mad Money Jim Cramer raised the price target for Wynn Resorts (NASDAQ: Wynn) and Las Vegas Sands (NYSE: LVS) because these companies have avoided any potential trouble related to trade war between US and China. Cramer thinks that these companies have done the things right and got their financing in time so he lifted his price target for them. He raised Wynn Resorts (WYNN) to $80-$90 from previous $70 and Las Vegas Sands (LVS) to $22-$25.

Wynn Resorts (Wynn) is currently trading around $70 and Las Vegas Sands’ (LVS) price is around $19.

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There are 19 comments
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lvs

by on 09/16/09 7:39am

i would like to replay a tape from mad money back in march or april where cramer went on a rampage about lvs being at 3bucks and saying it was goin nowhere but down from here and making references about shawshank all while frothing at the mouth.....this guy is such a phoney

I agree to the guy that posted at 4:39am

by on 09/16/09 12:24pm

This is Cramer's biggest miss to date. I wish I didn't watch that episode or I would of gotten $1000 of LVS. Man today I would have enough to buy a new car. :(

LVS and CRAMER

by on 09/16/09 3:10pm

You are absolutely correct - Cramer is a phoney, an entertainer at best! I bought LVS at $6 last fall, saw it rise to $16-$17 intraday a month later, and then die. I rode it all the way down, and added to my positions in the $3 range, and at $5 before selling in the low $10's. Bought back in the mid 11's and low 14's - and staying put for now.

My all-time favorite CRAMER SHOWS were in the SPRING of '06 - "The 10 LANDBANKS YOU MUST OWN TODAY" at the frickin peak of the greatest REAL CRASH since the Depression.

LVS

by on 09/16/09 8:24am

So Cramer is now jumping on the train. This is the same guy that was saying sell, sell and sell 4 months ago. He is a joke and I don't know would anyone listen to this clown.

you're right

by on 09/16/09 8:31am

i remember that taping. i was all set to grab lvs for such a great deal but stupid me listened to cramer. what a bunch of crap. he don't know jack.

Cramer is clueless

by on 09/16/09 8:58am

Cramer has mentioned MGM and LVS a fair number of times since March... none of them in very flattering terms. This guy is totally clueless. Talk about following a trend. LVS is up OVER 1000% since March and now Cramer is advising people to buy. He really is an idiot.

trust fund

by on 09/16/09 9:08am

His trust fund is the problem. If he buys something good for it, he can't advertise it to public for some period of time. It always will be a catch-up game with good picks and prices going to his trust fund first.

Cramer is full of sh*t

by on 09/16/09 11:34am

He usually misses the buss on a regular with his stock tips.... but i remember one guy on CNBC that gave a price target of $26, when the stock was at $12-$13 and its been on the run since then.... I'm holding, the china IPO is going to bring in at least a million on subscription.... good luck!!!

Cramer is full of sh*t

by on 09/16/09 11:37am

He usually misses the buss on a regular with his stock tips.... but i remember one guy on CNBC that gave a price target of $26, when the stock was at $12-$13 and its been on the run since then.... I'm holding, the china IPO is going to bring in at least a million on subscription.... good luck!!!

cramer is useless

by on 09/16/09 12:05pm

this clown is a joke
good thing i knew this ahead of time

Trust fund

by on 09/16/09 2:28pm

He always says "my charitable trust owns the stock", but he has to be the beneficiary of the charitable trust until he dies, so he really does own the stocks indirectly as he benefits from it. I think he pumps and dumps the stocks....

Cramer Sucks!

by on 09/16/09 3:23pm

I cannot believes that he's raising WYNN's price target now after the stock skyrocketed.
Back in March, he yelled from his dirty lung "SELL SELL SELL" WYNN, and go further to say he could not recommend any casino stocks! Look what happened now, after the big run up in price of all these casino stocks, he raised the price target????!!!
My blood presure goes up when I see this headline.
Cramer is such an idiot. He thought nobody bother to keep track of his records and recommends stocks that already up so much which makes it sound like he picked winners.
Also in back in March, he said he can NOT recommend bank stocks either!

HUH?

by on 09/16/09 3:26pm

Can any of you grasp the concept that earnings predictions change, quarterly? So, maybe Cramer said it was a sell, so what? Analysts upgrade and downgrade stocks on a constant basis. Some analysts are better than others. You should do your own research, base on P/E, balance sheets (if you can read one), earnings release data, and chart analysis. Then, make your own trading strategy. You will never win going off of someone else’s opinion, form your own!

Loser Cramer

by on 09/16/09 4:43pm

This phony Cramer failed to run his hedge fund, so he comes to CNBC to fuck around audience.

.

by on 09/16/09 5:09pm

i agree with the person who posted above me. a lot has changed since cramer told everyone to stay away from casinos. no one could have predicted how well macau would be doing or that visa restrictions to that city would be lifted or that wynn and lvs would each file for an IPO in hong kong. i only bought into lvs because i am a risky idiot haha. cramer recommends things based on the facts he has today, he does not know for sure what will happen in the future. look at what he recommends or says stay away from and do your own research to see if, depending on your risk tolerance, you want to get in on it or not.

Cramer misses.... again !

by on 09/16/09 10:32pm

He raises the target price to a level that is still way too low -- even for the short run of now till end of year. No trade war with China .... well, there's much more going on. He points out the casinos have been making the right moves and have worked out their financial burdens effectively. I could have told him that more than a month ago. Yes, he is jumping on the band wagon.

Unbelievable

by on 09/16/09 10:45pm

I can not believe you guys, actually i think cramer is a smart guy, you know why, bcz he is making money off of your stupidity. remember he is a trader he is a sales man. when he said sell, sell on LVS, idiots like u listened to him and sold and he was laughing his ass off because he was short selling the hell out of LVS, then im sure when it hit rock bottom he bought back in and still enjoying the ride. I did exactly the opposite of what he said i bought it at $2.20 and sold today. do ur own damn research, if you dont have the knowledge and u have to get advice from these guys, TRADING IS NOT FOR YOU...

So looks like Cramer is wrong to upgrade it too

by on 09/16/09 11:04pm

According to Audit Integrity, LVS is on their bankruptcy list. Hang on to that $3.00 stock man!

Cramer was good before he was

by Anonymous on 09/17/09 8:58am

Cramer was good before he was popular when no one listened to him. Since he became popular a few years ago his predictions aren't worth shit. To stay ahead of the crowd you can't be part of the crowd.

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