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By Jason Stipp | 04-22-2010 03:44 PM

Five Signs of Recovery on the Corporate Front

Morningstar markets editor Jeremy Glaser on signs of optimism from fast food to iPhones.

Jason Stipp: Jason Stipp from Morningstar, and welcome to the Friday Five. A lot of economic indicators are showing the recovery is strong, but we're starting to see some signs on the corporate front.

Here with me to share five of those is Morningstar markets editor, Jeremy Glaser. Jeremy, thanks for joining me.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for the recovery signs Friday Five?

Glaser: Consumers are back eating at restaurants. They continue to want iPods and, surprisingly, Coach bags again. The travel industry is starting to get a little bit better. Finally, I'll take a look at one of the hardest-hit industries during the recession and a bright spot there.

Stipp: Well, I just had lunch, so there's no place better to start than food.

Glaser: A lot of people worry because during the recession people weren't working as much. The unemployment rate is still very high, but people weren't eating out. You're either bringing lunch from home, or if you're out on the road, you're not going to have breakfast at McDonald's.

We're starting to see that turn around in a really serious way. McDonald's sales are doing really well, but people are also going into higher-end places like Starbucks, and Panera posted really good results this quarter.

People are willing to spend a little bit more for something to indulge themselves a little bit. It's a nice turnaround from what we've seen in the past.

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