We’re buying 100 shares of Wynn Resorts at roughly $101 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 600 shares of WYNN, increasing its weighting in the portfolio to 1.85% from 1.5%. We’re buying the dip in Wynn Resorts, which was trading lower by roughly 4% on Tuesday. The stock appears to be down due to lingering concerns about the Chinese economy, even though the region just capped off a strong Lunar New Year holiday that saw travel spending exceed pre-Covid levels . According to the Macao Government Tourism Office, total visitors to the Asian gambling hub during the eight-day holiday period numbered about 1.36 million, well above forecasts of around 1 million and above 2019 levels of 1.21 million. Given the positive update about travel to Macao, a special administrative region of China, you would think Wynn shares would be trading higher on the session. We understand why many have shied away from the stock due to concerns about the Chinese economy, the second-biggest in the world. However, softness has not shown up in the Macao travel and gross gaming revenue numbers. With Wynn still trading well below pre-pandemic levels despite the ongoing recovery, we think the stock around $100 represents value for long-term-oriented investors who can stomach the volatility that comes with China. WYNN 5Y mountain Wynn Resorts 5 years Furthermore, Wynn Results recently reported a terrific fourth quarter . Vegas crushed it with a record Q4 in sales and profit. In Macao, the recovery got back on track after stumbling in the third quarter with margins running higher than 2019 levels despite more work to go on revenues. On the post-earnings conference call, management gave an optimistic view of the first quarter thanks to the Super Bowl and a strong calendar of groups and conventions. The Super Bowl turned out to be the most-watched television show in history and rates for hotels in and around Vegas soared going into the weekend of the big game. Betting action was also off the charts. We were impressed by Wynn’s strong fourth-quarter results, which led us to add to our position the next day . (Jim Cramer’s Charitable Trust is long WYNN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.