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Allan Tong’s Discover Picks Looking forward, management's forecast is positive, but realistic. Earnings are expected to be $7.40-8.00 per share compared to $7.40 in fiscal 2022 as comparable-store sales should increase by 4-6%. The company will open up to 60 new restaurants, which doubles 2021's expansion rate. Also, Darden raised its dividend by 10%. It currently pays a robust 3.67%, based on a low 59% payout ratio. Darden trades at a 17.83x PE, just slightly higher than its 17x forward PE, but far below the 31.6x industry average. Read 3 Options to Profit from Falling Crude Oil for our full analysis.

Allan Tong’s Discover Picks So, Chipotle is executing well and planning for the future. That's not to say that there is smooth sailing ahead. As noted, food and worker costs keep rising, but we are starting to see such costs plateau and this trend could extend into the autumn. Again, keep an eye on crude oil prices. The street has 20 buys and four holds on CMG, but a price target that's only 6.37% higher, at $1,769.76. Look for pullbacks. Read 3 Options to Profit from Falling Crude Oil for our full analysis.

Allan Tong’s Discover Picks Lately, the street has changed its tune on FedEx and has pushed shares up more than 15% over the past month vs. 8.7% for UPS. This isn't a knock against UPS. Rather, it's a sign that FedEx is snapping out of its slump and finally has momentum on its side. FedEx trades at 16.2x earnings, in-line with the industry, while it's dividend is 1.97% backed by a safe 20.76% payout ratio. There are 16 buys and five holds with a price target of $292.05, or 26.6% upside. Read 3 Options to Profit from Falling Crude Oil for our full analysis.