Tuesday, June 26, 2012
Las Vegas Sands, Wynn weakness creates buying opporutnity, says JPMorgan
After stocks with exposure to Macau fell following changes to Chinese visa and overseas credit card purchase rules, JPMorgan contends that the stocks' weakness creates a buying opportunity. The firm thinks that the increase in visa application time is likely to be temporary, while the card limit adjustment is not new news. JPMorgan believes that Las Vegas Sands and Wynn Resorts are attractive at current levels.
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