The weather’s getting warmer and the days longer.
More and more people are getting vaccinated and looking to go out as summer approaches. But more specifically, they’re ready to eat at their favorite restaurants again.
So today I thought I’d let WealthPress Senior Strategist Roger Scott walk us through everything food- and restaurant-related so we can get in on the best names before the summer rush.
The bottom line is that people are getting ready to travel this summer, so these three restaurant stocks set to profit are exactly the kind of the names you want to be in.
One way Roger likes to break things down is to look at specific sectors to see how many stocks are trading near new highs. The first one he found, Starbucks Corp. (Nasdaq: SBUX), was one of the restaurant stocks set to profit near the top of the list.
You can analyze stock charts on any service or platform. Roger uses Barchart because it’s easy to use and doesn’t cost anything — making it a valuable tool for traders watching their bottom line.
He went to the competitors tab under retail restaurants and started to look for names hitting 52-week highs to get their last price. That way he can see if and what other stocks are close to that figure, too.
If so, it means the sector is rallying.
But the point Roger is trying to make is that a lot of these stocks are at or near 52-week highs. And that he’s selected what he thinks are the three best restaurant stocks set to profit for our subscribers to start targeting now.
So in other words, these stocks have the greatest chance to move higher throughout the summer months.
The first name he’s giving away today is just off its highest high in nearly three years, and you’ll notice that it’s coming off sideways congestion. When stocks base like this, they usually consolidate… move sideways some more… then breakout.
And this restaurant stock set to profit is in that period right now…
So check out the video below, and be sure to share your thoughts on the three picks in the comments section at the bottom of this page.
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