5-Star Manager's Stock Pick
Don Wordell says the consumer is just fine -- and he offered CNBC fans a stock pick to back that up.
Wordell manages the RidgeWorth Mid-Cap Value Equity fund, rated five stars by Morningstar.
- Contrarian: Just Stick With Gold!
"There are a lot of things that can scare the consumer right now," concedes Wordell. "But when you look at the total landscape, inflation is in check, has peaked... Interest rates are low, gas commodities prices have dropped."
Recommendation:
Wordell likes Darden Restaurants.
He praises Darden, the owner of the Olive Garden and Red Lobster restaurant chains, for its "great 3 percent dividend yield," noting that the middle-of-the-road Americanized Italian eatery chain has gone "10 years since its last negative sales comp."
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Darden's Competition: Compare for Yourself
(Click tickers for stock info)
- Brinker Intl.
- DineEquity
- Yum! Brands
- Denny's ______________________________________
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Disclosures:
Disclosure information was not available for Wordell or his company.
