MCD - Should I Buy Restaurant Stocks Now?
Schools are canceled, the National Basketball Association has suspended its season indefinitely, and people are electing to stay home. What that means is that aside from general plunging stock prices, restaurants are also dealing with fewer customers.
While some industries are less directly affected by the COVID-19 pandemic, restaurants are feeling the heat first-hand. Does that mean it's time to get out of the kitchen?
As the market sinks further into bear territory, restaurant stocks have seen their prices dive. People are fearful of being anywhere that's largely social, especially when it comes to food, which from the get-go needs effective germ-repelling practices. There's not so much that restaurants can do to bring customers back in the short term.