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Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:37 EDTCMGChipotle technical view ahead of earnings
The stock has been a strong out-performer in the last three months, trading up nearly 17%. Of late upside momentum has stalled which is typical for a strong advance into earnings. On a short time frame this looks like nothing of concern. Pulling back to a multi-year view however presents a more disturbing picture. There is a potential double top in the stock that a negative catalyst tonight could set in motion. On an increasing band of negative surprises in earnings or outlook, which may include profit margin concerns due to higher food costs, supports below are at $564.76, $538.26, and then at $518.54. A move below $500 would confirm the double top was on its way to a second set of downside objectives as the $500 level is the mid-point of the familiar "M" shape of a double top pattern. If the news exceeds expectations, resistance would be at $614.20 and then at $622.90 which is the 52-week high and life high for the shares. A breakout above the life high could set up a run to $650. It should be noted that the short base for the stock is close to a 1-year low. That could increase downside reactions, if there are any, as there is relatively little in the way of potential buy-to-cover demand.
News For CMG From The Last 14 Days
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October 16, 2014
10:33 EDTCMGChipotle Mexican Grill October weekly volatility elevated into Q3 and outlook
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October 10, 2014
10:01 EDTCMGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
October 9, 2014
16:46 EDTCMGChipotle initiated with a Market Perform at BMO Capital
Target $720.
11:42 EDTCMGRuby Tuesday surges after Q1 profit beats estimates
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