Financial analysts in every industry are mashing their brains to figure out how the rise of autonomous cars will affect the economy, but one group of analysts at Morgan Stanley has a pretty wild prediction: if nobody has to drive anymore, people might start going HAM at the Buffalo Wild Wings more often.
In a letter to clients on Thursday, the analysts looked at some of the major industries that will be affected by the rise of “shared autonomy” a term used seemingly to describe the twofold impacts of self-driving cars and a ride-sharing based transit economy.
The team’s recommendations highlight areas and certain stocks that could benefit from “shared autonomy,” including, hilariously, Buffalo Wild Wings and Domino’s Pizza. BWW, because 20 percent of its revenue comes from alcohol, and Domino’s because its delivery business won’t need human drivers.
“There are around 1.2 million DUIs issued in the U.S. every year,” the analysts write. “The average American consumes nearly 500 alcoholic drinks per year. Over the course of a year, how many more drinks might be consumed if people were completely freed from the responsibility of driving? Moreover, how many more drinks could be consumed during the 400 billion global hours humanity currently spends behind the wheel?”
Constellation, the American corporation that owns Corona, Model, Pacifico, Svedka vodka, and a whole bunch of other wine and liquor brands, will benefit, project the analysts.
Also, apparently, the best beneficiary of shared autonomy, where most people will ask their self-driving cars to take them, is Buffalo Wild Wings. It does caution, though, that the company is still vulnerable to the temperamental price of chicken wings.
Domino’s will benefit from shared autonomy after it nixes delivery drivers. Domino’s has already experimented with drones and weird autonomous robots so this one actually seems like a pretty sound prediction.
