Take a Bite of These Tasty Restaurant Plays
The rapid rise of crude oil over $100 was supposed to signal the death knell for restaurant stocks, but consumer plays continue to outperform the broad averages by a healthy margin. The group's resilience is warning economic bears and market skeptics not to push their luck, because strong discretionary spending rarely coincides with a major downturn.
But not all sector components are sharing the wealth equally these days. For example, Dow component McDonald's (MCD) has hit a brick wall of selling pressure after posting an all-time high in January, with the decline since that time highlighting the perils of overweighted European exposure while that part of the world spasms through its sovereign debt crisis....699 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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