3 Friday, July 12, 2019 05:07

7 Top Texas Stocks to Buy Now

Everythings bigger in Texas. That doesnt just include the oil wells, the Longhorn cattle, and the plates of barbecue youll find across the state. You can find Texas-sized investment opportunities, too -- and in more industries than you might expect.Stock market investors dont typically focus on where their companies are headquartered, because in most cases, top stocks do business well beyond their backyard.

Yet when you start looking closely at Texas, youll find a wealth of prosperous companies that either already are or have the potential to become the biggest players in their industry niches.
Image source: Getty Images.Below, youll find seven top stocks headquartered in the Lone Star State that could produce Texas-sized returns over the long haul.

7 top Texas stocksStockHeadquartersIndustryChuys Holdings (NASDAQ:CHUY)AustinRestaurantsCopart (NASDAQ:CPRT)DallasAuto dealershipsCrown Castle International (NYSE:CCI)HoustonCell towers/networkingEnterprise Products Partners (NYSE:EPD)HoustonEnergy transport/storageHoward Hughes Corp. (NYSE:HHC)DallasReal estateMatch Group (NASDAQ:MTCH)DallasInternet servicesSouthwest Airlines (NYSE:LUV)DallasAirlinesData source: S&P Global Market Intelligence.

Lets take a closer look at all seven of these companies to see why they present interesting opportunities for investors.1. Chuys HoldingsTexas is a great place to eat, and a lot of people visit with the idea of getting a juicy steak or mouthwatering barbecue every day on their trips. But for displaced Texans in other parts of the country, the biggest challenge is finding Mexican food that comes close to satisfying that constant hunger for home.

Chuys is working to solve that problem by taking its unique vision of Tex-Mex food and spreading it across the nation.Chuys origins date back to 1982, with a single location in the Barton Springs area of Austin south of the Guadalupe River. As the restaurant chain describes it, founders Mike Young and John Zapp envisioned a fun and funky Tex-Mex restaurant that served authentic and fresh food in an atmosphere that appealed to everyone.

It wasnt long before Chuys was opening new restaurants across Austin and moving out to other cities within Texas. Yet despite the drive for expansion, each Chuys location had unique charms, avoiding the trap of rote uniformity in which many big chain restaurants find themselves.
Image source: Chuys.

Texas was big enough for Chuys until 2009, when the company decided to make a big expansion push beyond the borders of the Lone Star State. The company opened a Nashville-area location, and from there, the craze began. Chuys now sports about 100 restaurants spread across 19 states.The Chuys experience combines quirky, colorful decor and furnishings with fresh food, including tortillas made while you watch.

. Prices are quite reasonable, and although theres plenty of competition in the restaurant space broadly and in the Mexican and Tex-Mex niche more specifically, Chuys stands out due to.....

News Code: 237025  |  Motley Fool
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