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Investing With IBD
Ep. 244 David Saito-Chung: Three Touchdown-Worthy Stocks For Your Pro-Level Watchlist
Nov 22, 2023
David Saito-Chung, deputy markets editor at IBD, discusses Super Bowl indicators, strategies for the end of the year, and three stocks worth watching: Wingstop, DraftKings, and Microsoft. They also explore the parallels between football and investing and analyze the performance of Wingstop and Microsoft in depth.
01:03:21
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Quick takeaways
- Wingstop has shown outstanding performance in the restaurant industry, with impressive sales growth and high-profit margins.
- Microsoft has positioned itself as a top leader in the technology industry, with accelerating earnings, sales, and margins, and a strong presence in the AI field.
Deep dives
Wingstop: A Rockstar in the Restaurant Industry
Wingstop has been a leader in the restaurant industry, showcasing impressive sales growth and high-profit margins. They introduced a chicken breast sandwich, which could drive consistent customer traffic. The stock had a significant earnings gap up and has shown strong chart action, hitting new highs. While the retail sector as a whole has faced challenges, Wingstop has stood out with its exceptional performance.
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