This morning, shares of Panera Bread are looking lower, after the company topped EPS and revenue estimates--but failed to live up to Wall Street's guidance expectations. Potbelly's stock price will slim down after the open--the sandwich shop disappointed investors, but its CEO is making a big pledge. Plus, Safeway and Tesla will report numbers after the bell, and we've got an Action Alert pick from Jim Cramer, who's also taking a big bite into a casual dining company.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.