Don't Mess with Texas; But if You Do...

If you do choose to mess with Texas, as it appears the Coronavirus most certainly is at the moment with the state reporting a fifth record jump in hospitalizations, then demand for PPE is highly likely to stay strong to protect those healthcare workers on the front lines.

Indeed, as we have noted both here and with Members, stocks like APT and LAKE remain enticing on the long side. Furthermore, a vaccine play like NVAX is strong so far today and has consolidated prior gains well in the context of a strong daily chart. 

But if you have an aversion to playing virus stocks directly, perhaps due to being burned previously, that is completely understandable. 

In that case, we turn to a name like Wingstop, the epitome of fast/casual new age dining in America. With low price points and a popular centerpiece menu item and theme, WING has quietly been a dominant name off the March lows, taking the last month or so to cool off in as benign a way possible, seen on the daily chart, below. 

With an abundance of locations throughout Texas, WING is an interesting play indirect to the virus, as consumers seek low price point and efficient, generally hassle-free take-out of tasty food for the fast-food experience without quite the guilt trip of WING being a textbook fast food name, of course.