InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Will High Gasoline Prices Eat Into The Restaurant Stocks? 0 comments
    Feb 29, 2012 10:35 AM | about stocks: UGA, YUM, BWLD, PNRA, CMG

    As we all know by now, the United States Gasoline Fund (NYSEARCA:UGA) has soared higher since December 19, 2012. At that time, the UGA was trading around the $45.50 level. Earlier this week, the UGA hit a new 52 week high at $57.22 a share before pulling back slightly. This morning, the UGA is trading higher by 0.46 cents to $55.95 a share. Traders and investors have to wonder if the high energy prices will start to affect the economic spending habits of consumers. Normally, high energy prices will have a negative effect on consumers spending and the restaurant stocks can be some of the first stocks to be affected.

    Yum Brands Inc (NYSE:YUM), Chipotle Mexican Grill Inc (NYSE:CMG), Panera Bread Co (NASDAQ:PNRA), and Buffalo Wild Wings Inc (NASDAQ:BWLD) have been very strong and market leaders recently. These stocks could be directly affected by the high energy prices in the near term. Other leading restaurant stocks such as McDonalds Corp (NYSE:MCD), and Wendys Co (NYSE:WEN) could benefit since they have cheaper items on their menu. It is important to note that all of the restaurant stocks are holding up well on the daily charts and have not been affected by the high energy prices yet.

    Nicholas Santiago

    Stocks: UGA, YUM, BWLD, PNRA, CMG
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.