Investment Committee Debates Calls of the Day: Wynn, Cummins, Boston Scientific, Applovin, Monster Beverage

Gaming Stocks: Wynn and Las Vegas Sands

• 🎲 Goldman Sachs anticipates a challenging quarter for Las Vegas casinos but maintains a buy rating on Las Vegas Sands with an $80 price target.
• 📉 Wynn's target was lowered to $140 from $148, though a buy rating was reiterated.
• 💡 The primary investment thesis for Wynn and Las Vegas Sands is their Macau exposure, with the upcoming Dubai Resort expected to significantly boost earnings.
• ⚠️ Concerns for Wynn include negative return on equity and debt-to-equity ratios, making Las Vegas Sands a preferred trade due to its stronger balance sheet.

Industrial Sector: Cummins

• 📉 Wolf downgraded Cummins to peer perform from outperform, citing valuation despite expecting strong earnings per share growth and an improving fundamental backdrop.
• 🚀 The speaker takes the opposing view, seeing Cummins as a strong performer within a basket of industrial names like United Rentals and Verdive, highlighting its power gen business and consistent earnings delivery.

Medical Devices: Boston Scientific

• ⚠️ Boston Scientific, along with other medical device names like Thermo Fisher, has recently underperformed, facing some market pressure.
• 📊 The investment committee is rebalancing their positions on Friday, with further specific commentary pending.

Technology: Applovin

• 📈 Applovin received an upgrade to buy with a $700 price target from Needham, with a "buy the dip" recommendation.
• 📉 Despite the upgrade, it's noted as the worst-performing tech stock currently owned, with repeated failures to re-establish positive momentum.
• ⚠️ A significant pullback to the 200-day moving average at $489 is identified as a potential point of interest.

Consumer Staples: Monster Beverage

• 🥤 Morgan Stanley reiterated an overweight rating on Monster Beverage with a price target of $296, up from $87.
• 🎯 Monster, Walmart, and Costco are identified as key consumer staple holdings expected to drive sector performance in 2026.