TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Chipotle (CMG) will come back following its mega E.coli outbreak. 'The ethos is unchanged,' Cramer said, adding that Taco Bell and KFC, part of Yum! Brands, (YUM) and Jack in the Box (JACK) have come back from prior food safety issues.
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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.