Restaurant stocks have exploded since election

Restaurant stocks have exploded since the election. They have been lead by the very big companies and the stocks have risen by 25 percent since November. The presidential election was very good for the stocks in restaurants. Many big restaurant companies have seen a large boom recently. McDonald’s and Texas Roadhouse are two places that have gotten a huge push. Many of these companies have earned investor confidence and that is a really good sign for these companies.

Key Takeaways:

• To be sure, the market as a whole has skyrocketed over that time, rising 14 percent, according to the S&P 500 index. Still, restaurants are outperforming the broader market.
• Much of the industry’s strength is coming from the top. Several big restaurant companies have seen strong performance this year.
• McDonald’s Corp., for instance, hit an all-time high and passed $150 per share for the first time in company history.

“Since Donald Trump won the presidency in November 2016, restaurant stocks have risen 25 percent.”

Read more: http://www.nrn.com/stock-data/restaurant-stocks-have-exploded-election