Wendy’s Stock Could Be a Buy and Walmart is Covering Tuition of Employees
Wendy’s is an American international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio. The company moved its headquarters to Dublin, Ohio, on January 29, 2006. Wendy’s has seen mid-tier growth in the past year as it contends with many other fast-food restaurants as competitors. However, with the economy reopening as well as it is becoming a “meme” stock for some time back in June out of the blue, Wendy’s has seen strong upsides of late. In fact, shares of Wendy’s are up 5% year-to-date.
Some investors have boosted Wendy’s to a buy rating on the premise that it’s shares pre-COVID traded in a $20 -$24 range. But because of the past 18 months’ success as well as Wendy’s recent expansion into a new breakfast business (which Wendy’s CEO Todd Penegor believes is on track to reach $1 billion in sales.) Wendy’s could present an opportunity as an investment worth considering.
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.
Walmart has said it will start paying 100% of the tuition for its debt-free college perk as part of a $1 billion commitment to career training and development over the next five years. Walmart has started offering this to their 1.5 million U.S. associates, as part of its $1-a-day college tuition perk, called Live Better U. The program will start on Aug. 16 and associates enrolled in the program will no longer have to foot the $1-a-day tuition bill or pay for textbooks.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.