We’ve been discussing getting “back to normal” names a lot recently, so I wanted to touch on the top restaurant stocks that should thrive as America’s grand reopening continues.
Millions of Americans are getting their COVID-19 vaccinations each day — and just about everyone has the itch to get out of the house and hit the town! And many people likely have some stimulus money squirreled away for just such an occasion.
As I said in Tuesday’s video, the economy is booming. So there’s a ton of pent-up demand, $2 trillion in infrastructure spending coming, the Federal Reserve is printing money, and the government is sending most people cash…
And that’s not just the U.S. Governments all over the world are providing stimulus packages to their citizens to help offset the economic slowdown because of COVID-19.
So all that said, we will get back to normal, and I can’t wait!
There are a few top restaurant stocks I’m targeting now…
The first is Cheesecake Factory Inc. (Nasdaq: CAKE), and here’s what its weekly chart looks like since the crash of 2020.
As you can see, it’s made a HUGE move from the lows of $14 up to $63, so it’s fully recovered its pre-pandemic high… and then some!
The expectation here is that people can go back and eat — and who doesn’t love a good cheesecake?!
That’s the first of the top restaurant stocks on my radar. My next stock has also seen a classic breakout. Right now, it’s in a consolidation phase and primed to break to new highs.
Check out my short video below and let’s dive into more of my top restaurant stocks to target as we put the pandemic in the rearview.
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
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