By Dan Weil Gambling stocks have outperformed the S&P 500 since the second quarter, rising 1% compared with a decline of 5% for the index. Is it time to bet on gambling stocks? Bank of America analysts see some opportunities. Gambling stocks have outperformed the S&P 500 since the second quarter, rising 1% compared with a decline of 5% for the index. Macau has constituted the best subsector, even after its recent pullback. And gambling-related real estate investment trusts have fared noticeably better than the broader REIT index, the investment bank’s analysts wrote in a commentary. The Federa…