As the calendar flips to June, industry insiders are casting a wary eye on Wynn Resorts (NASDAQ: WYNN), a gaming giant that historically finds this month challenging. Over the last decade, Wynn Resorts’ shares have consistently underperformed in June, marking it as one of the S&P 500’s less favorable stocks during this period.

The onset of June trading brings with it some daunting seasonal trends for this renowned gaming stock. Historical data reveals that Wynn Resorts has encountered an average decline of 3.29% in its share value during June over the past ten years. This places it among the bottom performers in the S&P 500 for this month, with only a 30% chance of witnessing positive movement, according to insights from Schaeffer’s Investment Research.

A deep dive into the performance metrics uncovers that Wynn’s average loss positions it as the fourth-worst among S&P 500 entities over these Junes. Notably, it stands out as the sole gaming company amidst the 25 weakest performers in this category but shares its underwhelming distinction with two other travel and leisure names.

The old adage “Sell in May and go away” hints at June traditionally kicking off a weaker six-month stretch for stocks. Interestingly, despite an impressive surge of 12.74% in May, Wynn might not escape this historical trend unscathed. This pattern is further scrutinized based on market performance from January through April, as BlackRock highlights. The firm notes that negative momentum going into May often exacerbates the seasonal downturns expected in subsequent months.

The recurring weakness observed in travel and leisure stocks like Wynn during June could be seen as a testament to market efficiency. It challenges simplistic investment strategies based on anticipated summer gains due to increased casino visitation, demonstrating that such expectations can lead to adverse outcomes.

Despite these seasonal headwinds and ongoing challenges in key markets like Macau and Las Vegas — where gross gaming revenue has been declining — Wynn Resorts has managed a year-to-date uptick of 5.08%. However, looming threats such as escalating US/China trade tensions and potential consumer spending cutbacks due to tariff issues could test the resilience of Wynn’s stock further.

Economic indicators also paint a cautious picture for investors. A revised forecast sees US GDP growth for 2025 dropping from an initial estimate of 2.3% down to just 1.3%, hinting at possible strains on earnings growth amid already high stock valuations according to BlackRock’s analysis.

In sum, while nothing is set in stone regarding stock performance, historical data coupled with current economic signals suggest that June could indeed pose significant challenges for Wynn Resorts and its stakeholders within the volatile sphere of casino stocks.