Come Mr. Tally Man, Tally Me Bullets and Fiber Optic Cable Guys
More recession-winners, plus three new wrinkles to key RW themes, and finally some very good reads. My recommendations come highly recommended.
Harry Belafonte died this week, so hoist your skirts a little higher, and enjoy a pre-weekend Random Walk:
Even more recession proof mattresses (plus some definite recession losers)
Help Wanted in the $ervice & Trade$ (munitions and cable edition)
Trouble at the top (for big spenders, at least)
CRE has only one card to play
Very good reads on:
excellence and serendipity
companies threatened by ChatGPT
Children (Missing, but Wanted)
Recession-proof mattresses (cont.)
A few more to add to the running list (of definitely not investment advice, just random thoughts on who thrives and survives when times get tough):
Fast-food and QSR: McDonalds MCD 0.00%↑ and Chipotle CMD 0.00%↑ both crushed it in Q1. Although, to be fair, both companies outperformed their peers on a foot-traffic basis (and the category as a whole took a hit), still trade-downs on necessities like “eating” tend to do well in a downturn.1
Car parts and repair: O’Reilly Auto ORLY 0.00%↑ and AutoZone AZO 0.00%↑ have benefited from the steady increase in the demand for car parts, the shortage of new cars, and a high-rate environment that makes consumers more likely to fix their existing cars, than buy a new one (and by extending the life of the car, presumably increase the need for repairs).
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