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“A Bulls-Eye on Consumer Spending: Spot 3 Stocks to Add to Your Watch List!

Consumer spending has been strong in 2021, bucking economic trends brought on by the pandemic. With spending continuing to be robust in a variety of sectors, investors are looking to capitalize on the current market conditions. Here are three stocks from various industries that could be worth adding to your watch list. Realty Income Corporation (NYSE:O) is a real estate investment trust (REIT) that specializes in generating revenue from commercial properties. The company generates a majority of its income from its portfolio of retail properties offering consumers essentials and services. Due to the increased consumer spending in the retail sector, coupled with Realty Income’s strong credit-leasing structure, the company’s portfolio has been resilient under the changing economic conditions. With consumer spending driving the leisure sector, Wynn Resorts Ltd. (NASDAQ:WYNN) is a good stock to consider. The Las Vegas-based company owns and operates a variety of casinos and resorts around the world, including the Las Vegas Strip. The stock has been on a hike since July 2020, benefiting from the increased spending in the leisure industry as travelers become more optimistic about the country’s recovery from the pandemic. Wynn Resorts is also offering domestic and international travelers a variety of promotions and packages to entice them to visit the resorts. Finally, Amazon Inc. (NASDAQ:AMZN) is another stock worth considering in light of the current consumer market. Amazon is the leading online retailer in the world and its services are used by more than 46 million people in the U.S. alone. On top of that, the company’s cloud-computing services are also helping the business stay ahead of the competition. With consumer spending continuing to be strong, Amazon’s services are expected to be in even greater demand going forward. As consumer spending is likely to remain strong in the near-term, the above stocks are worth considering for your portfolio. Although no stock is ever a guarantee of success, they all offer an opportunity to capitalise on current market conditions. Be sure to do your research and consider the risks of investing before diving into any stock.