I think there s a good case for arguing that food equipment company
Middleby (NASDAQ:MIDD), paint and coatings company
Axalta Coating Systems (NYSE:AXTA), and package delivery giant
UPS (NYSE:UPS) are three companies set to do very well. Here s why.
Middleby and dining out
The food and food equipment sector has been one of the hardest to read in 2020. On the one hand, stay-at-home measures have boosted spending on the home and on ordering food or buying at grocery stores great news for Middleby s residential kitchen equipment and food processing equipment sales. On the other hand, restaurants and hotels have been particularly hard hit by the pandemic, and Middleby s commercial foodservice sales have fallen significantly.