Did you catch the "Let them EAT CAKE post" Tuesday:
Lower gas prices means the consumer will still go out to eat. Cheesecake Factory (CAKE 7.37), which also owns Gran Luxe and Brinker International (EAT 8.53), which owns Chile's, Maggiano's, Romano's Macaroni Grill and On the Broder are both plays, with good charts that have made a rolling bottom, that now look like they getting ready to head higher.
Not a play you need to overthink. Everyone knows these stories, and yet nobody is interested. But today I saw good buying in both.
CAKE closed Friday at 9.95 up 35% in three days, and EAT closed Friday at 11.18 up 31% in three days.
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