Cramer encourages investors to buy Wynn Resorts with earnings in focus

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The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. U.S. stocks were mainly lower in Thursday morning trading, with the S & P 500 down 0.13% after eight-straight sessions of gains. But "this is a profit-taking day. I don't want you to fret," Jim Cramer said Thursday. Meanwhile, bond yields were mainly flat, with that of the 10-year Treasury hovering around 4.5%.

At the same time, Disney's incoming chief financial officer , Hugh Johnston, should "be a godsend in terms of the stability of the story," Jim said Thursday. 3. Club name Wynn Resorts reports third-quarter results after the closing bell Thursday, with the casino operator's business in Macao, China, in focus. Gross gaming revenue in the gambling hub has come in better than expected of late.

 

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