Hungry? Chew on these food trades

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NEWS POSTED ON: 2016-03-21 <-Back

Markets rallied again this week, and "Fast Money" traders turned to some names investors have eaten up.

Major U.S. averages ended Friday with a five-week winning streak. TheDow Jones industrial average and S&P 500 closed positive for the year.

Many food stocks have beaten the market this year, and traders contended that some of those could continue to rise.

Source: McDonald's

McDonald's Big Mac/div>

Shares of fast-food giant McDonald's have climbed 5 percent this year, and trader Steve Grasso believes they still have "tremendous upside." He said the stock could top $155 per share, up from its Friday closing price of about $124.

Trader Tim Seymour chose Olive Garden owner Darden Restaurants, which is up nearly 6 percent this year. He cited steady growth and a roughly 3 percent dividend yield.

J.M. Smucker also looks appealing after a dip of nearly 1 percent Friday, said trader Guy Adami.

Trader Brian Kelly looked to DineEquity, which owns IHOP and Applebee's. The stock has climbed nearly 11 percent this year.

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