Jim Cramer breaks down what's behind the strength in Wendy's stock.
host revealed that he's remains bullish about the stock, which has been on a steady uptrend in the past six years. The share price has gained more than 34% in 2019 and set a 52-week intraday high of $21.78.
Cramer said he's been behind the equity since it traded for about $16. Wendy's stock last sold below that level in early January, according to FactSet. "Wendy's has been a star because they are out executing so many different companies," he said. "I think it's a terrific company ... and I'm staying behind it. I think there's more to Wendy's."A woman walks down a staircase at the Wall Street subway station, New York City.As U.S.
The major stock indexes all slid as much as 0.47% as the 30-year Treasury bond yield fell under the S&P 500's dividend yield for the first time in more than a decade. The last time that happened was in March 2009 in the middle of the Great Recession, CNBC"Until we get some tangible signs that the economy's picking up, you're going to have to get used to the screams of this needy bear cub of a market," the host said.
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