Cramer Quick Take: Time to Roll the Dice on China
NEW YORK (TheStreet) -- Is it time for investors to roll the dice on a recovery in China?Jim Cramer told Lindsey Bell at TheStreet.com Wednesday he remains bullish on China and would still be a buyer of Wynn Resorts (WYNN) and MGM Resorts (MGM) .
Cramer said the Chinese government is now realizing it was too aggressive on interest rates and is working fast to correct it. That will mean good things for the country's Macau gambling region as well for the casino companies that operate there.He still likes Wynn Resorts and feels that company is going a fantastic job. For speculation, he also recommended MGM, which is benefitting from a turn in the Las Vegas gambling market.
All of these stocks have had big runs, said Cramer, so no matter which ones investors are considering, they should wait for a pullback before buying in.
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-- Written by Scott Rutt in Washington.
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