The current trading price of Wynn stock is $96 per share, which is approximately 31% lower than its previous high of $140 before being affected by inflation on March 17, 2021. The stock was affected by the Macau operations, which had a significant decline in business throughout 2021 and 2022. This decline was mostly caused by strong Covid-19 restrictions, which negatively reduced the number of tourists visiting the region. Macau has shown significant recovery during the past year. The number of tourists visiting Macau has experienced a significant recovery, and companies such as Wynn and other casino operators are observing a high level of demand that had been accumulating. In Q1 2024, the number of tourists visiting Macau rose by 79.4% to reach 8.88 million, which is almost 86% of the tourist levels before the pandemic. Furthermore, there has been an increase in spending. The total gaming revenue for the entire Macau market in the fourth quarter of 2023 amounted to approximately $5.9 billion, which is equivalent to over 105% of the revenue generated in 2019. Wynn is experiencing an increase in its market betvisa presence in Macau, mostly due to the growth of the premium mass market and increasing amounts of VIP rolling chips.

Over a span of around three years, WYNN stock has experienced a decrease of 15% from $115 in early January 2021 to approximately $95 currently. In contrast, the S&P 500 has witnessed a rise of nearly 40% during the same period. Nevertheless, the decline in WYNN stock has not been uniform. The stock experienced a negative return of -25% in 2021, -3% in 2022, and a positive return of 10% in 2023. By comparison, the S&P 500 yielded returns of 27% in 2021, -19% in 2022, and 24% in 2023. This indicates that WYNN did worse than the S&P in both 2021 and 2023.

Indeed, achieving continuous outperformance of the S&P 500, regardless of market conditions, has proven to be challenging in recent years for individual stocks. This includes prominent companies in the Consumer Discretionary sector such as AMZN, TSLA, and TM, as well as mega-cap giants like GOOG, MSFT, and AAPL. Conversely, the Trefis High Quality Portfolio, consisting of 30 stocks, has consistently outperformed the S&P 500 every year during the same time frame. What is the reason for that? The HQ Portfolio stocks outperformed dafabet sports the benchmark index, delivering higher returns with lower risk. This is obvious from the performance measures of the HQ Portfolio, which show a smoother and more stable performance compared to the benchmark index. In light of the current volatile macroeconomic conditions characterized by soaring oil prices and higher interest rates, is it possible for WYNN to encounter a comparable scenario to what it experienced in 2021 and 2023, resulting in underperformance relative to the S&P index in the next 12 months? Alternatively, can we anticipate a rebound for WYNN?