On Wednesday, the stock market rose for two consecutive days after President Donald Trump pulled back from firing Fed Chair Jerome Powell, easing worries on Federal Reserve’s independence. In addition, Trump also softened his stance on tariffs on Chinese imports, to which investors are hoping to alleviate trade tensions.
Overall, S&P 500 increased 1.7% to 5,376, while NASDAQ rose 2.5% to 16,708.
Tweet of the Day
I love American Express stock $AXP. Its a top holding in my Conservative Portfolio. Lots of millennials with money are signing up. It’s a long-term trend. They love the perks! https://t.co/AB686woNBi
— David Sharek (@GrowthStockGuy) April 17, 2025
Chart of the Day
Here is the one-year chart of Wingstop (WING) as of March 24, 2025, when the stock was at $223.
Wingstop delivered a strong performance last quarter, with 41% profit growth on a 27% revenue increase. This was due to a 28% year-over-year rise in system-wide sales. Same-store sales, with 10% growth, was fueled by higher guest transactions.
Revenue growth was largely driven by franchise expansion, with 105 net new restaurant openings. This places the company for a 14-15% unit growth target in 2025.
The company’s digital-first strategy helped get 70% of total sales from digital channels and grew its customer base to greater than 50 million through the MyWingstop platform.
WING is part of our Growth Portfolio. The big picture here is that the company has more than 2,500 locations now with a target of 10,000 locations in the long-term. Management also sees a path to $3 million in revenue per location.
