Excursions of Western Wall tunnels present new underground space in Jerusalem

Christian travelers visit Jerusalem to follow the last steps of Jesus along the Via Dolorosa, Muslims to worship the Dome of the Rock, and Jewish people to insert written prayers into the cracks of the Western Wall.

Some people do all three.

Starting in December, a new option will be available to travelers visiting Jerusalem. You can go underground to experience part of the old city as it existed about 2,000 years ago.

An underground building

After more than 150 years of excavation, a buried building erected around AD 20 is due to be opened to the public this year.

The underground building is just a few steps from the Western Wall, a retaining wall on the west side of the Temple Mount, the holiest site in Judaism and the site where Jerusalem’s first and second temples once stood.

About 10% of the original Western Wall is visible today, with most of them buried behind buildings in the Muslim quarter of the old town as well as underground.

EMMANUEL DUNAND | AFP | Getty Images

The Western Wall is also one of the top attractions for travelers to Israel. It drew 12 million visitors in 2019, said Eyal Carlin, the tourism commissioner for North America at Israel’s Ministry of Tourism.

The excavated area dates from the Second Temple period, originally built in the 6th century BC. And later by Herod the Great, who ruled Jerusalem from 37 to 34 BC. Ruled, was greatly expanded.

The new chambers are under Wilson’s Arch, an archway that once supported a bridge to the Second Temple, here in the lower left corner.

Christopher Chan | Moment | Getty Images

The building, which is about 15 meters underground, contains two underground chambers separated by corridors and a “magnificent” water fountain, according to the Israel Antiquities Authority (IAA), the government agency that oversees the country’s excavation projects. Once located on a road that led to the Temple Mount, the building is now buried deep underground, covered over by centuries of construction.

The new areas become part of the popular West wall tunnel Guided tours that run all day from Sunday to Thursday and Friday to noon.

What travelers can see

To access the new areas, visitors descend stairs that are like stepping back in time, Carlin told CNBC.

“When you dig down, you literally go through history,” said Carlin. “Each layer represents different parts of history and different centuries.”

Part of the steps used to reach the newly excavated areas.

Yaniv Berman, Israel Antiquities Authority

“You go back to the Ottoman period, the Muslim period, the time of the Crusaders … right up to the Herodian period,” he said, referring to the rule of King Herod and his heirs from 37 BC. Chr. To 73 AD

Support beams reinforce the corridor between the two chambers of the old underground building.

Yaniv Berman, Israel Antiquities Authority

Archaeologists knew a chamber existed, but excavations uncovered a larger building with two identical rooms separated by a courtyard.

The building could have been a city council building, said Shlomit Weksler-Bdolah, excavation director for the Israel Antiquities Agency, in a press release from the Israel Ministry of Tourism in August. She called the excavated area “one of the most magnificent Second Temple-era public buildings ever unearthed.”

One of two chambers in a building discovered outside the Western Wall.

Yaniv Berman, Israel Antiquities Authority

Historians believe the chambers were reception rooms for dignitaries, wealthy visitors, and members of the high priesthood, Carlin said.

They could also have been restaurants. Archaeologists believe that the rooms once contained couches on which one ate lying down, as was common in the Greek, Hellenistic, and Roman times, according to Weksler-Bdolah.

“It’s very opulent – they were big chambers with big decorative elements made of running water,” said Carlin. “It shows the prosperity of the area at the time … and the people who were welcomed there.”

The second excavated chamber, which is built with arched stone ceilings.

Yaniv Berman, Israel Antiquities Authority

Archaeologists found a small ritual cleaning pool called a mikveh, which priests and aristocrats likely used before visiting the Second Temple.

“Those are the steps that go down” into the pool, he said, which “would normally be filled with water drawn from springs”.

Steps leading to a purification basin, or mikvah, believed to have been added many years after the excavated building was constructed.

Yaniv Berman, Israel Antiquities Authority

The mikveh would not be open to the public, Carlin said. Members of the general public cleaned themselves in the pool at Siloam, which was about a third of a mile away. This is the same pool in which Jesus is said to have restored sight to a blind man, as mentioned in the Gospel of John in the Christian Bible.

The room with the mikveh is part of an “elite gate” to the Second Temple, said Eyal Carlin from the Israeli Ministry of Tourism.

Israel Antiquities Authority

Past the baths, visitors can see the foundation stones of the Western Wall, Carlin said. The stones are huge, weighing more than 250 tons.

Jerusalem is, at least in part, a city built on top of other cities. Existing buildings were turned into basements or underground living quarters for new buildings, according to an article in The times of Israel.

The hallways contained ornate pilasters or columns topped with Corinthian capitals into which water pipes were built.

Yaniv Berman, Israel Antiquities Authority

Therefore, parts of the underground buildings were found completely intact. Decorative elements “were found as a whole,” said Carlin. “There were parts that broke off, but the elements we see have not been reconstructed.”

Excavations are ongoing in Jerusalem, but many don’t open for tours, Carlin said.

“The excitement is great because [this area] is open to the general public, “he said.” It also sheds light on what life was like back then in one of the most important epochs of the Jewish people. “

Tour of the new area

Visitors can see the new underground areas through tours booked through the Wailing Wall Heritage Foundation, a non-profit government agency that administers the Western Wall.

The opening, which was originally scheduled for August, has been postponed to the Hannukah celebration in early December, Carlin said.

The ornate remains of the building are outside the Western Wall or “Western Wall”. The latter term falls out of favor as some consider it disdainful of the grief of the Jewish community over the loss of the Second Temple.

Yaniv Berman, Israel Antiquities Authority

He said that was “good timing” in more ways than one.

“If everything goes according to plan this week or early next week and our government approves the re-entry of tourists into Israel … that will actually collapse when the majority of the world can … travel to Israel.”

Cryptocurrencies are ‘humorous cash,’ that ‘mirrors’ Wall Road abuses, says Senate Banking Chairman

Senior Democrats in Congress again cabled their skepticism about cryptocurrencies and digital asset technology on Tuesday when Ohio chairman Sherrod Brown said the growing digital asset economy told a Senate banking committee that “Americans’ hard-earned money is at risk “. Tuesday listen.

“Alongside these alternative financial products, a home industry with decentralized financial systems has emerged in the hope of creating a parallel financial system with no rules, no supervision, and no borders,” said Brown. ”They claim to enable ‘transparency’. Your supporters speak of the ‘democratization of banking’, but there is nothing ‘democratic’ or ‘transparent’ about a seedy, diffuse web of funny online money.

Brown also attacked the notion that the growing crypto economy would prove to be an alternative for Americans who are skeptical of the power and practices of Wall Street financial institutions.

“People don’t trust banks, and they don’t trust the biggest banks especially,” Brown said. “But as these technologies evolve, most seem to reflect the Wall Street model – rather than question it.”

The Senate Banking Committee hearing coincided with a House Financial Services Subcommittee hearing on central bank digital currencies, underscoring Congress’s commitment to research and potential regulation of digital assets in general.

Also on Tuesday morning, Democratic Senator Elizabeth Warren from Massachusetts sent a letter To Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council, calling on the FSOC to rapidly develop a “comprehensive regulatory system for cryptocurrencies”.

Buyers guess on Kroger, Costco as Covid-19 circumstances spook Wall Avenue

How US stocks plummeted As of Monday, investors are betting on a familiar category that could grow if Covid-19 cases continue to rise: grocery stores.

Shares in Kroger, Albertsons, BJ’s wholesale club were awake from Monday lunchtime. Cost co hit an all-time high of $ 415.32.

These stocks were a rare ray of hope on Wall Street, according to Dow Jones Industrial seems to be heading for the biggest decline of the year. Several other stay-at-home stocks, including Clorox and Peloton, were also in the green.

Grocers were some of the biggest beneficiaries of the pandemic over the past year as restaurants temporarily closed and shoppers stocked up on basic groceries from the pantry and cooked at home.

Dealers face tough comparisons in the quarters ahead as they face unusually high sales growth numbers. Investors and companies have been trying to figure out when – and to what extent – consumers will return to their eating habits as more people are fully vaccinated and restrictions wear off. In the last few weeks, however the rise of the Delta variant of Covid-19 – especially in parts of the country with low vaccination rates – made these predictions difficult.

Brian Yarbrough, an Edward Jones retail analyst, said investors were shocked by news of the Delta variant and the withdrawal of reopening in some parts of the country – like the return of indoor mask mandates in Los Angeles. He said this is causing some to revert to tried and tested pandemic names.

“You saw a flight to be safer,” he said. “If that happens and Covid comes back up and things shut down, you would see the grocery store taking advantage of it.”

Michael Baker, retail analyst at DA Davidson, said the grocer pop in the market is “the opposite of what you see in airline stocks”. From Monday noon, Airlines and cruises were among the hardest hit sectors as investors feared travel trends could slow or reverse.

Grocery sales are still above pre-pandemic levels, according to IRI, which tracks sales patterns in supermarkets, large retailers and convenience stores. Overall demand for packaged consumer goods in the week ending July 4 was roughly the same as last year, although sales of perishable and non-edible items declined slightly overall.

Baker said some people developed new habits over the past year from cooking more. Besides, he said a labor shortage has impacted customer service in some restaurants, giving customers another reason to eat at home instead.

“The American public may have learned that it is good to eat at home,” he said. “You spend a lot of time at home with your family and that’s more economical.”

He said the latest data also corroborates the stickiness of foods at home. Receipts in grocery and beverage stores rose in June compared to the previous month by 0.6%, according to the Ministry of Commerce. On the flip side, restaurant food was still down 8% year over year in July based on OpenTable reservations tracking seating through online, phone, and walk-in reservations.

However, not all beneficiaries of the pandemic saw their fate change on Monday. Shares in Walmart, Home depot and Lowes fell on Monday.

Yarbrough attributed this to Walmart, which sold general merchandise and discretionary items instead of being a pure grocer. And, he said, investors might assume that retailers that do better during the delta variant’s proliferation might look different as the government takes different action. For example, instead of shutting down non-essential retailers, local officials can bring back masking requirements and consumers can choose to skip or cut down on trips to restaurants. That would mean less dramatic sales increases for home improvement retailers who were able to stay open as key retailers during the lockdown, he said.

Yarbrough said he remains convinced dining out will return at the expense of selling groceries. However, he said this could take longer – and could be interrupted by spikes in Covid cases.

“Since there is the Delta variant, it can make people afraid of saying, ‘You know what, I’m going to start staying home for a while until this is over,'” he said.

Biden Returns $26M in Border Wall Cash to Virginia Navy Shipyard – NBC4 Washington

President Joe Biden sends $ 26 million in federal funds to a U.S. Navy shipyard in Virginia. The money had been diverted from President Donald Trump to pay for a wall along the Mexican border.

The Virginian pilot reported Monday that the yard money is a sliver of the $ 3.6 billion Trump pulled from the Department of Defense to pay for the wall. The Biden administration is now sending billions of dollars to a number of military projects.

The Norfolk Naval Shipyard in Portsmouth will use the US $ 26 million to fix numerous security breaches in one of their buildings. These include the lack of sprinklers, poor fire alarm placement, and no mass notification system.

“The previous administration’s failure to repair this building has resulted in military personnel working in a high-risk environment and undermining Naval operations at the facility,” the White House said in a statement.

Leaving the migrant problem aside for a moment, the border wall also stinks of immeasurable damage to the environment

The facility builds and repairs ships for the US Navy. Life raft inspection and repair is the only such facility on the east coast.

On The Cash: Breaking down Biden’s $1.8T American Households Plan | Powell voices confidence in Fed’s deal with on inflation | Wall Road basks in ‘Biden increase’

Have a nice Wednesday and welcome back to On The Money, where we prepare for something else shared session experience. I’m Sylvan Lane, and here’s your nightly guide to everything to do with your bills, bank account, and bottom line.

Do you see something that I missed? Let me know slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: https://bit.ly/1NxxW2N.

Write to us with tips, suggestions and news: slane@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @ NJagoda and @NivElis.

THE BIG DEAL – This is what Biden’s $ 1.8 billion plan for American families says: President BidenJoe BidenTulane adds Hunter Biden as a guest speaker on media polarization Trump on the resumption of MAGA rallies: report Biden’s inevitable foreign policy crisis MORE On Wednesday, the American Families Plan will be unveiled, an ambitious package that includes $ 1 trillion in new spending and $ 800 billion in tax credits aimed at increasing access to preschool and community colleges, as well as childcare and Extend health care significantly.

  • Biden will explain the proposal in a speech to a joint congressional session where he is expected to set his agenda for the coming months.
  • The centerpiece of the speech will be the Family Plan, which will be rolled out less than a month after Biden unveils a $ 2.3 trillion infrastructure proposal.

But we already have details of what Biden will propose tonight.

Education:

  • The American Families Plan has a $ 200 billion program that provides universal pre-kindergarten for all three- and four-year-olds.
  • $ 109 billion for a tuition-free community college for any American who wants it.
  • $ 85 billion to increase Pell grants for low-income and minority students.
  • More than $ 4 billion in major scholarships, certification, and support programs for teachers.

Tax credits:

  • The plan would build on the provisions of the American Rescue Plan by indefinitely extending the Affordable Care Act tax credits and making the extension of the childless worker tax credit permanent.
  • It would make the child tax credit permanent fully available to the families with the lowest incomes, while other aspects of credit expansion, such as increasing the loan amount, will expand through 2025.

The proposal includes the creation of a national program for paid family and sick leave, more funding for catering programs for children and low-income families, and reform of unemployment insurance. The Hill’s Brett Samuels and Morgan Chalfant break it open here.

The tax increases: All of these new investments will be accompanied by a number of proposed high income tax hikes which, on their own, could be a major political boost.

The Naomi Jagoda of the Hill leads us through Biden’s tax plan here.

Read more about the American Families Plan:

  • President Biden will speak to Congress on Wednesday evening tense terms with the business community for proposals to increase the corporate tax rate and nearly double the capital gains tax for high-income Americans.
  • Key Democratic lawmakers said Wednesday they would keep pushing for that full expansion The Presidential Tax Credit (CTC) is set to be permanent after President Biden released a proposal that would only cement part of the expansion.
  • The Treasury Department on Wednesday announced more details on President Biden’s proposal to increase IRS funding Strengthen compliance According to tax laws, these initiatives would generate net sales of $ 700 billion over a decade.

Run the day

Powell is confident the Fed can get inflation under control: Federal Reserve Chairman Jerome Powell said Wednesday that rising inflation will offset itself as one-off, pandemic-related statistical quirks and supply chain disruptions subside.

During a press conference, Powell argued that the recent spike in the rate of price increases is almost entirely due to economic activity picking up after the collapse during the coronavirus recession outbreak.

“We’ll likely see some upward pressure on prices,” Powell said after the Fed announced that it would keep rates near zero percent and maintain the current rate of bond purchases in the reopening process. ”I Explain why here.

The background:

  • The US is expected to grow between 6 and 8 percent in 2021 as it contains the spread of COVID-19 and brings millions of people back to work.
  • Critics fear Biden’s recent $ 1.9 trillion in economic aid, plans for future spending, and loose monetary policy from the Fed will boost inflation as the US is already booming.
  • The consumer price index (CPI), a closely watched indicator of inflation, rose 2.6 percent between March 2020 and last month, and minus food and energy costs 1.7 percent.

However, Powell said Wednesday that summer inflation would continue to rise due to two short-term factors: The statistical effect of comparing a fall in demand with a sharp surge in demand and congestion caused by the reopening of the global economy.

“An episode of one-off price increases in the reopening of the economy is not the same as and is unlikely to result in sustained higher inflation year over year into the future,” he said.

TO TAP TOMORROW:

  • The Senate Banking Committee will hold a hearing on “The Dignity of Work” at 10 a.m.
  • The Senate Finance Committee holds a social security hearing at 10 a.m. during the COVID-19 pandemic
  • A House Financial Services subcommittee will hold a hearing at 12:00 noon to close the racial and gender wealth gaps
  • A House Ways and Means subcommittee will hold a hearing on infrastructure investments at 1:30 p.m.

GOOD TO KNOW

BITS AND PIECES

Wall Avenue simply confirmed the Reddit crowd the right way to actually generate income

In the first few weeks of 2021, amateur traders who backed meme stocks like GameStop, AMC Entertainment, and BlackBerry caught the world’s attention.

Since spectacular gains resulted in huge losses for hedge funds, who bet that stocks would fall, a David versus Goliath tale seized. Eventually, the little guy triumphed against The Man, who had benefited from a rigged system for decades.

In the end, however, it turned out that Goliath did pretty well.

Global hedge funds that reported data to Eurekahedge, a research group, returned nearly 5% in the first quarter, roughly in line with the broader market. It was the best start to the year for hedge funds since 2006.

“It was definitely a good quarter for returns. Most hedge funds were on the up, ”said Robert Sears, chief investment officer at Capital Generation Partners.

The profits were of course not evenly distributed. Just like some non-professional traders became extremely rich From their risky GameStop positions, hedge funds that have trimmed popular names have made great hits.

Melvin Capital, a major GameStop short seller, was down 49% in the first three months of the year, a source familiar with the matter told CNN Business.

Then there was that Archegos Capital implosion, which collapsed after making large bets on extreme leverage media stocks and complex derivatives.

But in general, hedge funds have taken advantage of the turmoil. When the markets are choppy, investors who play a more active role in managing their portfolios have the opportunity to play bold games. This worked especially well for those who preferred stocks, which Sears said were undervalued versus high-growth tech names.

“The rotation to value from growth … is a positive environment for stock pickers,” said Sears.

The trading desks of Wall Street’s largest banks also paid out money.

Goldman Sachs’ trading revenue rose 47% to $ 7.6 billion in the first three months of the year, its highest level since 2010. JPMorgan Chase’s marketing team posted revenue of $ 9.1 billion, an increase of $ 9.1 billion 25% corresponds. At the stock market counter alone, sales rose by 47%.

Morgan Stanley made $ 5.8 billion in trading stocks and bonds even though it was the blockbuster quarter Losses of $ 911 million related to the Archegos saga.

An increase in trading by individual investors also helped Morgan Stanley since it owns E * Trade. The daily average trades on the platform hit an all-time high of 1.6 million, almost 50% above the last three months of 2020.

Big picture: Wall Street is full of winners and losers. But this time it looks like the big guys still emerged victorious for the most part.

Johnson & Johnson’s vaccination break could slow recovery

Hopes for an economic turnaround are closely tied to the global launch of vaccines – which raises concerns about the Johnson & Johnson recordings is not good news On recovery, my CNN business colleague Chris Isidore reports.

The Latest: The spread of Johnson & Johnson’s single-shot vaccine has been halted in the US, European Union and South Africa as US authorities investigate a possible link to extremely rare blood clots.

Dr. Anthony Fauci, the nation’s leading infectious disease expert, expects the review to be done quickly.

“Hopefully we will soon make a decision as to whether or not we can get back on track with this very powerful vaccine,” Fauci said at a congressional hearing last Thursday.

But even if regulators find the benefits of the shot far outweighed the risks, the headlines could undermine public willingness to vaccinate and potentially prolong the pandemic.

“There is a clear link … between fighting the virus, distributing the vaccine and having a robust and lasting economic recovery,” Jared Bernstein, a member of the White House Economic Advisory Council, said in a recent interview on CNBC.

Surveys show that rare blood clots have concerns with a similar vaccine from AstraZeneca Vaccine reluctantly fed in Europe. An online survey conducted in mid-March for BFM TV, a subsidiary of CNN, found that only 20% of people in France trust the Oxford-AstraZeneca vaccine. (The vaccination skepticism in the country was already high.)

Economists are particularly concerned about the impact of a J&J hiatus outside of the United States. J&J planned to ship 1 billion cans worldwide by the end of the year.

Unlike Pfizer and Moderna, the shot does not require ultra-cold storage and patients do not have to return for a second appointment. This makes it a crucial part of plans to fight Covid-19 in much of the developing world.

Investor findings: The drug manufacturer reports profits on Tuesday. Johnson & Johnson is committed to providing the vaccine at cost during the pandemic. But its reputation is important, especially as countries are starting to weigh suppliers of booster shots.

Next

Monday: Result from Coca-Cola, IBM and United Airlines

Tuesday: Apple Launches New Products; Harley-Davidson, Johnson and Johnson, Lockheed Martin, Philip Morris International, Procter & Gamble, Travelers, Xerox and Netflix

Wednesday: Income from Ericsson, Verizon, Chipotle and Whirlpool

Thursday: Interest rate decision of the European Central Bank; US Unemployment Claims and Existing Home Sales; Profits from Nestle, Credit Suisse, American Airlines, AT&T, Blackstone, Dow, SAP, Mattel and Snap

Friday: Flash PMI data; New US Home Sales; Income from American Express, Honeywell, and Kimberly-Clark

Arturo Di Modica, sculptor of Wall Avenue bull, dies at 80 | Leisure




FILE – In this file photo dated April 12, 2017, Arturo Di Modica holds a model of his Charging Bull sculpture during a press conference in New York. Di Modica, the artist who carved the bronze bull statue in New York, a landmark on Wall Street, died in his native Sicily. Di Modica died at his home in Vittoria on Friday, February 19, 2021, the city said in a statement.




FILE – This September 8, 2020 file photo of The Charging Bull statue in New York’s Financial District. Arturo Di Modica, the artist who carved the bronze bull statue in New York, a landmark on Wall Street, died in his native Sicily. Di Modica died at his home in Vittoria on Friday, February 19, 2021, the city said in a statement.




Arturo Di Modica, sculptor of the Wall Street Bull, dies at the age of 80

FILE – This file photo dated October 16, 2006 shows the cop charging in Lower Manhattan, New York. Arturo Di Modica, the artist who carved the bronze bull statue in New York, a landmark on Wall Street, died in his native Sicily. Di Modica died at his home in Vittoria on Friday, February 19, 2021, the city said in a statement.

From FRANCES D’EMILIO Associated Press

ROM (AP) – The artist who created Charging Bull, the bronze statue in New York that became a Wall Street landmark, died in his hometown of Sicily at the age of 80.

Arturo Di Modica died at his home in Vittoria on Friday evening, the city said in a statement on Saturday. Di Modica has been sick for some time, it said.

The sculptor lived in New York, New York, for more than 40 years. He arrived in 1973 and opened an art studio in the SoHo neighborhood. With the help of a truck and a crane, Di Modica installed the bronze bull sculpture in New York’s financial district on the night of December 16, 1989 without permission.

The artist reportedly spent $ 350,000 of his own money creating the 3.5-ton bronze animal that symbolized the resilience of the US economy after a stock market crash in 1987.

“It was a time of crisis. The New York Stock Exchange lost more than 20% in one night, and so many people were plunged into the blackest of depression, “the Roman daily La Repubblica Di Modica quoted in an interview earlier this month.

He said he understood the bull sculpture as a “joke, provocation”. Instead, it turned into a damn thing that was to become one of New York’s most-visited monuments.

In an interview with La Repubblica, Di Modica explained how he, around 40 friends, a crane and a truck quickly erected the statue near Bowling Green Park, just a short walk from the headquarters of the New York Stock Exchange. without official approval.

Why a quick meals inventory could possibly be Wall Avenue’s subsequent quick squeeze

The stock of Jumping devil could soon live up to its name.

The growing brief interest in stocks in the west coast fast food chain appears to be preparing the stock for a brief press, Danielle Shay, director of options at Simpler Trading, told CNBC’s “Trading nation” on Friday.

“I like Jack in the Box here, but for a short-term option trade,” Shay said.

While the stock isn’t far from its all-time highs, which would normally prevent Shay from buying in, it made an exception due to the unusual activity. According to FactSet, Jack in the Box currently has 9.2% short interest.

“With something like that that has a short interest, it has the potential for short press and profit,” Shay said. “This is why I like to trade shorter term calls on the profit line. That way I can only take advantage of the dynamics of the profit report and the increase in [implied volatility]. “

For investors looking to trade longer-term in this space, Shay suggested the stock of MC Donalds.

“If you look at a weekly McDonald’s chart, it has been consolidating for a while. I think that consolidation is going to break out on the upside. I’m aiming for $ 240,” she said. “It’s more of a long-term trade so you can sell put credit spreads on a regular basis [or] Buy long calls 90-120 days. “

McDonald’s stock lost less than half of 1% on Friday at $ 213.90.

“Indoor restaurants will take a while,” Shay said. “People will worry that they can leave. They can’t open to full capacity. … For me personally, I’d rather focus on the fast-food chains whose model is already geared specifically towards drive-thru is. “

Limited-service restaurants are now a better choice than their full-service counterparts, agreed Piper Sandler’s Craig Johnson.

“There you start to see that some of the sales in the same store are really positive,” he said in the same interview with Trading Nation, pointing to a table of Chipotle Mexican Grill.

“This is a long-term winner. It’s a name we’ve had on our model portfolio for a while, and we still think it should be bought,” Johnson said, noting the stock was above its 50 and 200 Days moving averages lies in an upward channel and with strong performance compared to the S&P 500.

“This stock seems to have even more room to run,” he said. Chipotle finished trading 1% on Friday.

Johnson’s second choice was Chili’s parents’ stock Brinker International.

“On a weekly chart looking back a few years, you’ll see that you’ve finally reversed a downward trend from those 14’s highs and are now making new highs,” he said.

Brinker’s performance is also improving compared to the S&P and “confirms to us that something positive is happening here,” said Johnson. The Brinker share closed on Friday by about half, 1% lower.

“It looks like a lot of these restaurants are looking for another leg in really good tech,” said Johnson.

New York City restaurants reopened for indoor use on Friday at 25% capacity.

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