Restaurant Stocks Soar Wednesday on Positive COVID-19 Developments
Restaurant stocks are on fire...in a good way. Brinker International (NYSE: EAT) is soaring nearly 30% on an earnings beat, and Cheesecake Factory (NASDAQ: CAKE) and Darden Restaurants (NYSE: DRI) jumped as much as 20% and 8%, respectively, as more states talk about reopening parts of their economies. Restaurant stocks continued to rebound from their initial sell-off as COVID-19 took the nation's attention.