More Bad News for Restaurant Stocks
Last week, I touched on the growing bad news for restaurants, particularly casual-dining restaurants, given stretched consumer disposable income and the combination of rising commodity and gas prices.
The rise in corn and soybean prices reflects the drought conditions in the Midwest that have pressured crop yields. For the week ended Aug. 19, the U.S. Department of Agriculture reported that 51% of U.S. corn and 37% of soybeans were rated in very poor to poor condition....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
