Watch This Sector
InTheMoneyStocks.com | Jan 22, 2019 01:17PM ET
Tuesday's tumult comes after a huge rally that started on December 26, 2018, which lead to a near-term overbought condition. Whenever you see a broad-based decline like that it is important to look for stocks that are holding up.h3 Stock Picks/h3
A few brands that are trading higher include Starbucks (NASDAQ:SBUX), McDonalds (NYSE:MCD) and Chipotle (NYSE:CMG). The one thing these stocks have in common is that they are all restaurant stocks. Now if these market indexes decline further over the next few days or weeks, it will be important to see how these key stocks hold up over that time period. In fact, the restaurant sector should be watched closely. These stocks could emerge as the leaders in the next rally. On days like this, it's always important to watch for stocks that are showing relative strength.
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