This week’s Momentum Trader Alert recommendation is Panera Bread Company (PNRA), which operates a retail bakery/cafe and franchising business.
Panera specializes in high-quality food for breakfast and lunch, including fresh-baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom-roasted coffees and other cafe beverages. The company targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with fast service and a more upscale feel than other comparable food vendors.
Panera Bread Company (PNRA) vs. the S&P 500over the last six months.
Momentum Trader Alert Analysis
Buy Panera Bread Company (PNRA) at market today, and place your stop at $232.50. I am holding off on recommending options on this position for now.
Without question, the sector most favored by traders is technology, and for a number of reasons.
Most great technological advances are the brainchildren of Americans and thus are seeded, nurtured, fostered and taken public as some of the most dominant domestic companies ever created. Ingenuity is an American staple, with more than 90% of all new ideas generated in the United States.
Technological innovation is what provides America its leading edge against all other economies in the world.
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