We’re buying the dip on a casino stock that should be up on strong Macao travel

News Snapshot:

We're buying 100 shares of Wynn Resorts at roughly $101 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 600 shares of WYNN, increasing its weighting in the portfolio to 1.85% from 1.5%. We're buying the dip in Wynn Resorts, which was trading lower by roughly 4% on Tuesday. The stock appears to be down due to lingering concerns about the Chinese economy, even though the region just capped off a strong Lunar New Year holiday that saw travel spending exceed pre-Covid levels . According to the Macao Government Tourism Office, total visitors to the Asian gambling hub during...