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Chow Down on Almost Restaurant ETFs

Despite what would appear to be an obvious and good idea and the advice dispensed previously in this space , a restaurant ETF still does not exist.That is too bad because not only does it mean investors need to pay triple-digit prices for the likes of Chipotle (NYSE:CMG) and Panera (NASDAQ:PNRA), but it also means ETF investors are left with less-than-direct routes for playing a possible bounce in restaurant stocks in second half of this year."We expect U.S. economy to accelerate in the second half of the year. U.S. GDP grew 2.5% in the first quarter," S&P Capital IQ said in a new research note. "Standard & Poor's Economics projects that growth will slow to 1.8% in the second quarter, but rebound to 5.0% in the third quarter and 5.2% in the fourth quarter, driven by continued momentum in labor market and a rebound in the residential housing market. Standard & Poor's Economics sees the U.S. employment rate dropping to 7.1% by the end of the year from April's reading of 7.5%, and estimat...

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