President Donald Trump has signed a funding bill into law, which effectively ended the longest federal government shutdown in U.S. history. This measure will fund the government’s operations through the end of January.
The ending of the shutdown was seen as a prospect for beaten-down restaurant operator Sweetgreen (SG). Citi Research analyst Jon Tower believes there is a chance the stock could skyrocket. Tower believes that with low expectations surrounding SG stock, signs of improving sales data following the government reopening could lead to a “short-covering rally.” Today's 10% spike in SG stock's price says the market concurs with this assessment.
