I profiled Chipotle Mexican Grill’s (CMG, $95.47, down $3.22) earnings about three weeks ago after the company beat Wall Street’s expectations by four cents a share. However, the stock fell 10% that day and closed right around $100. The breakdown was significant and technically speaking, the stock broke through itsRead more
Chipotle Mexican Grill Revisted
Yahoo Options Heating Up
It’s official, Carl Icahn confirmed he’s got a “team” in place for a proxy fight with Yahoo (YHOO, $26.98, down $0.18). It was revealed that Icahn acquired nearly 60 million shares of Yahoo stock over the past 10 days. Talk about a “Dream Team”, Icahn’s new board would include himself,Read more
Carl Icahn Targets Yahoo
Wal-Mart Slips Despite Strong 1Q
The market is always looking ahead. Even after a solid 1Q on higher sales and profits, Wal-Mart Stores (WMT, $56.65, down $1.37) spooked Wall Street after giving cautious 2Q guidance. The company reported income of $3.02 billion for the quarter, up nearly 7% from $2.82 billion, versus the same periodRead more
Retail Report Mixed
The market tried to extend yesterday’s gains this morning after a better-than-expected retail sales reading but is trading slightly lower after digesting the news. The Commerce Department said US retail sales showed a 0.2% drop but was better than the 0.3% decline forecast by Wall Street. The real problem cameRead more