|Day Low/High||1,271.92 / 1,295.94|
|52 Wk Low/High||415.00 / 1,384.46|
In the daily bar chart of CMG we can see that prices broke out on the upside of a long sideways consolidation pattern.
We have to own that it was a bad day for the bulls and that it's perfectly realistic to expect a few more until the facts get more positive.
Does it not make sense to create a separate portfolio made up of equities that will benefit -- as sick as that sounds -- when an area needs to rebuild?
CMG reported fantastic numbers on Wednesday night, with a colossal 6.1% comparable-sales figure coupled with healthy margins.
The market can still go higher, but the time has come for the slope of price discovery to normalize a bit.
Buckle up after Super Sunday.
One interesting facet is the 19.74% ownership stake by Biglari Holdings.
Shares of Dine Brands have surged this year after a rough 2017, while Biglari has slid since creating two classes of stock.
Chipotle Mexican Grill is one of the few stocks that has been working this earnings season.
It becomes difficult for me to tell you where to run in these markets...
Only buy these names if you like the fundamentals, don't count on these activist managers to make you money.
Chipotle Mexican Grill, Noodles & Co. and Dine Brands Global are among the names we're serving up.
Let's review the charts and indicators.
Forget about ranges, they have broken out and are free to run.
The selling accelerated once the opening low was breached and breadth hit about 3 to 1 negative.
Analysts and shareholders both put negative news behind them and accentuated the positive for a host of formerly hated stocks.
Micron Technology, Intel and Lam Research are good buys on this heat in semiconductors.
President Trump's comments on Fed policy came at an inflection point in the U.S. Dollar Index ($DXY).
President Trump has expressed his displeasure with both the strong dollar and rising interest rates.
Shares were down 8% Thursday.
Markets continue to look very weak as trade war fears ripple throughout the globe. Amazon is the stock the day, of course.
The pizza delivery industry has led in digital, but big players in the fast food space are coming to steal their sales.
It's game time for new Chipotle CEO Brian Niccol. Here are several quick things we learned from talking with Niccol.
These are the business stories you must know as futures rise despite ongoing global trade war fears.