Eating Our Way Out Of This Mess
On Thursday at least one casual dining company got the thumbs up. Jefferies increased its price target on Buffalo Wild Wings to $42 from $34 citing strong sales and growth.
If you read those self-help books you probably know that all too often people eat their way through depression but can we collectively eat our way out of recession?
The traders think it's a distinct possibility. "Forget the recession, one thing people are not going to do is stop eating fast food," says Fast Money's Pete Najarian. "Giddyup!"
In fact the whole gang agrees and here's how they suggest trading it!
I like McDonald’s as an international play, says the Wolf.
With stimulus in China targeted at the consumer I’d look at Yum!, counsels the Negotiator, because they have a large presence in that nation.
Or you can take a look at Darden , adds the Pitt Boss. They projected 20%- 25% growth this year.
I also like McDonald’s and Yum, the Ambassador chimes in.
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Trader disclosure: On Mar. 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AA), (BAC), (EEM), (FXI), (VIP), (TS); Seymour's Firm Owns (PBR); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Macke Owns (GE), (SDS), (MOS); Macke Is Short (BRK.b); Najarian Owns (C) Call Spread; Najarian Owns (GDX); Najarian Owns (GD) Call Spread; Najarian Owns (GLD) Put Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (TGT) Call Spread; Najarian Owns (WFC) & (WFC) Puts; Najarian Owns (XHB) Call Spread; Najarian Owns (MCD) Calls