Sunday, July 21, 2013

Restaurant Euphoria

July 3, 2013
Restaurant Stocks to Buy That Have Crushed the S&P 500 in 2013

Restaurants wrapped up another strong quarter of stock performance in the second quarter, with the average stock up 13%, compared to the S&P 500 gain of 2%. So far in 2013, restaurant stocks are now up 29% (vs. 13% for the S&P), led by smaller cap names. Every stock that the analysts at Deutsche Bank A.G. (NYSE: DB) cover is positive for the year. Gradual macro recovery, healthy cash flow and moderating food inflation continue to provide a solid underpinning for restaurant stocks.

Click to enlarge.

What could possibly go wrong again?

Source Data:
St. Louis Fed: Custom Chart


Luke Smith said...

A priest, a rabbi and Ben Bernanke walk into a restaurant...

Stagflationary Mark said...

Luke Smith,

The priest and the rabbi waked through the door, but Ben walked right into the side of the building.

Why? Just like the housing bubble, the restaurant caught Ben by surprise. He just didn't see it coming.

Ba dum tssshhh