"Texas Roadhouse is one of the few restaurant chains thriving right now." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance Last month, I noted that when popular chains like Red Lobster and TGI Friday's go belly up, it opens the door for money to flow over to survivors. The key is finding which companies are primed to thrive. One surviving company has been Texas Roadhouse (TXRH). You see… while every restaurant is seeing foot traffic decline by 0.2% in 2024, Texas Roadhouse is actually growing traffic by 7.2%. The steak restaurant also recently surpassed Olive Garden as the most popular dining chain – surpassing Olive Garden. It's why I've been recommending TXHR multiple times in The War Room, and the result has been multiple winners this week alone. On Monday, I played a gap-fill move in TXRH and closed for an 15% winner in less than 1 trading day. On Tuesday, I continued to play the gap on TXRH and closed for a 10% winner in less than a few hours. Several War Room members were in on this trade. Here's what they had to say… |
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