June 8, 2021, 5:49 pm EDT
Play, Shake, and Cake
Play, Shak, and Cake outline the best-performing industry today for such a flat market.
Dave & Buster’s Entertainment, Inc. (PLAY) +10%, Shake Shack Inc (SHAK) +6%, and Cheesecake Factory Inc (CAKE) +8% are examples of such a strong day for restaurants. Furthermore, Wendy’s Company (WEN) made an outstanding +26% jump today. Others are listed in the featured table and the table below.
It is optimistic expected by traders and investors to believe that the worst of COVID-19 might be over. Thus, re-opening may bring back business for the restaurants. Technically, many restaurant stocks form a solid base and could bring breakout and uptrend for summer. It is worthy of attention to consider them for watchlist or portfolio.