After setting a torrid pace in the first half of the year, Wynn Resorts (NASDAQ: WYNN) stock was added to Deutsche Bank’s Fresh Money List for the third quarter. That’s a collection of equities the bank’s analysts have strong convictions about.
Buy-rated Wynn is one of six consumer equities added to the fresh money list, and the only gaming stock. Past performance isn’t a guarantee of future gains. But Wynn’s inclusion on the list is notable because since Deutsche Bank started its fresh money group in the third quarter of 2017, the collection of stocks returned 167% compared to 124% for the S&P 500. Its rolling 12-month performance over the past four quarters was 7.42% better than the benchmark domestic equity gauge, according to the bank.
Buy-rated Wynn is one of six consumer equities added to the fresh money list, and the only gaming stock. Past performance isn’t a guarantee of future gains. But Wynn’s inclusion on the list is notable because since Deutsche Bank started its fresh money group in the third quarter of 2017, the collection of stocks returned 167% compared to 124% for the S&P 500. Its rolling 12-month performance over the past four quarters was 7.42% better than the benchmark domestic equity gauge, according to the bank.