Dish Network stock (NASDAQ
NDAQ
SATS
Amidst the current financial backdrop, DISH stock has suffered a sharp decline of 85% from levels of $30 in early January 2021 to around $5 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. Notably, DISH stock has underperformed the broader market in each of the last 3 years. Returns for the stock were 0% in 2021, -57% in 2022, and -64% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 10% in 2023 – indicating that DISH underperformed the S&P in 2021, 2022, and 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could DISH face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months – or will it see a recovery?
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