Exit Alert: Unload These Four Restaurant and Retail Positions Today By Andy Swan LikeFolio Investor Portfolio Update: Actions to Take - Buy back Darden Restaurants (DRI) shares acquired from our May 2023 short sell recommendation for an estimated 7% loss.
- Buy back Denny's (DENN) shares acquired from our January 2023 short sell recommendation for an estimated 23% gain.
- Sell The RealReal (REAL) for an estimated 25% loss.
- Sell Lands' End (LE) for an estimated 9% gain.
*Note: On all trades, it is important to use proper risk management to correctly allocate and protect your capital. ✓ With LikeFolio's predictive consumer insights in your corner, you can count on more winners than losers. Our social media machine spots changes in momentum on Main Street so we can bring you opportunities on the bullish and bearish ends of the spectrum.
We start with two restaurant stocks: Darden Restaurants (DRI), owner of such brands as The Olive Garden, LongHorn Steakhouse, and Cheddar's, followed by breakfast and late-night stalwart, Denny's (DENN).
In theory, these value brands could've done well in last year's inflationary economy. But our data pointed to unhappy customers and stalling demand – leading us to recommend bearish trades on each name. As the economy improves and inflation abates, however, our data points to these brands being more accessible. So we're offloading both of these positions – taking a 26% win on DENN and a 7% loss on DRI.
We're also taking action on two retail stocks today: Lands' End (LE) and The RealReal (REAL). We introduced these to subscribers back in 2022, banking on their affordable, stylish choices for the post-pandemic, back-to-the-office trend. Economic uncertainty for discretionary spending were liabilities with these picks that ultimately undermined their profit potential. Let's cash out our LE shares for a moderate 9% gain and take an estimated 25% loss on REAL.
Ultimately, we're moving on from these positions to make room for bigger and better plays in 2024 – with plenty more lucrative opportunities in the pipeline.
Speaking of which, have you seen our newest trades? You've got two new buy alerts to act on: ✓ Constellation Brands (STZ)
✓ Tesla (TSLA)
Plus, we took a massive 390% profit on one of our Celsius Holdings (CELH) positions yesterday – so be sure to catch that alert here.
(And hold onto the other half of those CELH shares because there's more gains to come from this energy drink stock.)
Until next time, | 
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