Everyone loves fast food. It’s cheap, quick, everywhere, and most important, it’s yummy. But is your favorite chain one of the top fast food stocks?
The novel coronavirus pandemic has been tough on everyone and everything. But the hardest-hit space has probably been the restaurant industry…
In fact, reports suggest that the restaurant industry witnessed a $120 billion loss in revenue — and that was just within the first three months of the pandemic.
Ouch, that’s crazy!
But not every fast food stock is feeling the pain…
Top Fast Food Stocks Bucking the Trend
Head Trader Roger Scott
Not all restaurant stocks fell out of the sky during the worst part of the COVID-19 pandemic.
In fact, these two top fast food stocks have not only bucked this trend, but have actually started to trade higher.
That’s a nice head start as the country’s economy continues to recover.
Even though the number of COVID-19 cases is steadily rising across the country — averaging about 54,400 cases every day since August — the restaurant sector added more than 200,000 jobs in September.
With a virus vaccine on the horizon and the recent uptick in retail sales, it appears that restaurant sales have moved in a positive direction over the past month. I expect this trend to continue unless another wave of COVID-19 reverses America’s course.
These trends should be a nice benefit for the top fast food stocks, which are already primed to generate nice returns. These chains don’t just have tasty combo meals… they also have strong liquidity and the ability to outperform direct and indirect competitors.
Watch today’s video and leave a comment in the section below. Have you ever traded fast food or restaurant stocks before? If so, what are your favorite tickers and why? Did you like the top fast food stocks I recommended today or find this video helpful? I look forward to hearing from you.
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