The Latest Breaking News from Wynn Resorts

Wynn Resorts is scheduled to announce its fourth-quarter results soon, and analysts forecast a double-digit decline in the company’s bottom-line figure.

After handily outperforming its industry peers over the past year, Wynn Resorts has emerged as a standout in the sector, fueling strong analyst confidence in the stock’s forward prospects.

On CNBC's “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ended July higher by 36% year-to-date. The company also reported a revenue growth of 26% year-over-year for July, he noted.

On CNBC's “Halftime Report Final Trades,” Hightower Advisors’ Stephanie Link said Vertiv Holdings Co (NYSE:VRT) is expected to report a great quarter on Wednesday, July 30.

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, named Wynn Resorts, Limited (NASDAQ:WYNN) for successively higher highs this year. The stock is 1% away from its 52-week high and is then expected to break out from there, he added.

Wynn Resorts is set to announce its first-quarter results in the upcoming month, and analysts expect a notable double-digit drop in earnings.

Despite its underperformance compared to the Nasdaq Composite over the past year, analysts remain strongly bullish on Wynn Resorts’ prospects.

While Wynn Resorts has underperformed the broader S&P 500 benchmark over the past three months, analysts remain optimistic about the stock's growth prospects.

Billionaire investor David Tepper's bullish stance on Chinese stocks includes two U.S.-based casino stocks, Las Vegas Sands and Wynn Resorts, as potential beneficiaries of Beijing's economic stimulus and the resurgence of Macau's gaming industry.