This is the busiest week of the earnings season with over 1000 companies expected to report.
There are still many big cap, well-known companies expected to report but we’ll also start hearing from many small and mid-cap names. They will be coming at you in waves.
One industry, in particular, will see a lot of action this week: the restaurants. It’s been tough in the industry with rising costs due to the tight labor market, as well as rising food and commodity prices.
Which restaurants have the best earnings track records?
5 Restaurant Stocks to Watch this Week
Yum China (is the largest restaurant operator in China. It has only missed once since it was spun-off of Yum Brands in 2016. But with the trade and tariff issues heating up, it finds itself in the center of the tensions. But is it a buying opportunity? YUMC - Free Report)
Yum (has beat 6 quarters in a row since it spun off its Chinese restaurants into a separate company. Will Taco Bell, Pizza Hut and KFC still have the mojo? YUM - Free Report)
Shake Shack (hasn’t missed since its 2015 IPO. That’s an impressive streak. Shares have soared off their lows and are up 42% year-to-date. But is it too hot to handle? The stock now trades with a forward P/E of 116. SHAK - Free Report)
El Pollo Loco (has beat 2 quarters in a row and shares are off their recent lows. But long-term shareholders are still in a world of pain. LOCO - Free Report)
Wingstop (has been one of the best performing restaurant stocks over the past 2 years. Shares are up 64% during that time. It also has a perfect earnings surprise track record. It hasn’t missed since its 2015 IPO. WING - Free Report)
Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>