Some Restaurant Chains Are in Better Shape Than You Think. But Don’t Chase the Stocks.

Restaurants stocks in the S&P 500 have risen more than 40% since the market bottomed March 23, a much stronger rally than the broader index’s 32% gain. Many of them might be already pricing in an optimistic recovery outlook and investors should be cautious about chasing from here, according to J.P. Morgan analyst John Ivankoe.

Restaurant sales have improved since late March—mainly through rising takeout and delivery orders—as consumers started to feel the fatigue about home cooking. “It is obvious that consumer trust has... Subscribe or Sign In to continue reading.

How is subway still alive

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russell Simmons Accusers Don’t Think Music Business Will Have Its #MeToo MomentIn January at the Sundance Film Festival, Kirby Dick and Amy Ziering’s “On The Record,” a searing look at sexual harassment allegations against music mogul Russell Simmons, debuted and received two… Are they on a red carpet? People have gone after countless musicians, before film and television had their turn. Miss me with this one. KMJeezy The way the industry rolled their eyes when Ke$ha was trying to get from under that producer! Yeah unlikely
Source: Variety - 🏆 108. / 63 Read more »