The 10-Year Treasury carries little principal risk but also little if any appreciation. However, these two restaurant stocks have above-Treasury yields.
The annual inflation rate in the United States dropped to 4.9% in April 2023, the lowest since April 2021.
U.S. economic activity in the first quarter of 2023 grew at a slower pace than anticipated, sending recession fears rippling through financial markets.
In March 2023, U.S. retail sales experienced a 1% sequential decline, better than market expectations of a 0.4% decrease.
Inflation in the United States cooled down further in March as the consumer price index rose 0.1% in the month, following a 0.4% increase in February.
Chipotle Mexican Grill, Wingstop and Yum Brands continue to outperform and are nearing possible buy points as the restaurant industry defies economic headwinds.
Per the National Retail Federation, Americans are expected to spend a record $6.9 billion on St. Patrick's Day this year, up $1 billion from the last year.
Annual inflation dropped from 6.4% to 6%, the smallest annual gain since September 2021, and is now down by one-third from its peak of more than 9% in June last year.
U.S. consumers have been able to increase savings even as they increased spending.
Retail sales in the United States increased 3% sequentially in January of 2023, the biggest increase since March of 2021.