There is a lot of volatility in the markets these last couple weeks. The DOW is up 100 points then down 124 the next. Then up again, then down. But overall the short term trend has been down.
But there is a sector that is doing well.
Fast Food. Well not exactly fast food, but whatever they call the sector that is lower than the sit down meal with the waiter.
Take a look at CMG – Chipotle. And PNRA – Panera Bread. and MCD – McDonalds.
All doing well, all at 52 week and all time highs.
Why? Well run businesses with pricing power. But also because they are growing by building more stores, mostly overseas.
All 3 of these are in my retirement accounts and will stay there for years to come.