Casino Stocks Down Despite Craig-Hallum Upgrade

Following Melco Crown Entertainment's (NASDAQ: MPEL) second quarter earnings miss Thursday morning, stocks across the casino sector have taken a hit.

However, if you were to ask the team at Craig-Hallum, they might suggest buying the dip, at least when it comes to Las Vegas Sands (NYSE: LVS), down 2.4 percent, and Wynn Resorts (NASDAQ: WYNN), down more than one percent, as the firm upgraded the two stocks from Hold to Buy.