Chipotle Stock Is Toxic And Should Be Avoided
Sometimes when a stock gets beaten down, investors think it becomes a value play. They feel as though they can pick up some shares on discount, ride the stock back up, and sell out of their position, making a nice profit along the way. Some investors feel this way about Chipotle. Chipotle (NYSE: CMG) was the […]
Q3 GDP Second Estimate: Real GDP At 3.3%
The Second Estimate for Q3 GDP, to one decimal, came in at 3.3% (3.30% to two decimal places), an increase over 3.1% for the Q2 Third Estimate. Investing.com had a consensus of 3.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual […]
EC Merkel Matters
German Chancellor Angela Merkel faced a crisis when coalition talks broke down on November 19th. Germany could have endured months of political uncertainty, and it suddenly became possible that Merkel would be forced to resign. The German public and the world awoke to find that the continuation of Germany’s solid, centrist government was threatened. Germany’s […]
Is This Why Tech Stocks Are Tumbling?
Is this what happens when the bag-holder-of-last-resort is removed from the market? As we detailed earlier in the year, institutions and hedge funds have been using this exuberant rally in stocks to dump their holdings to retail admirers. So what happens when arguably the largest retail brokerage – where all the “useful idiots” reside – goes down? As […]
This Cycle – It’s China!
I know everything is fan-freaking-tastic – with the tax reform bill and global synchronized expansion and all. I figure the last thing you need is some nattering naysayer throwing cold water on this unbelievable party, so I won’t. At least not for the short run. This rally will end when it ends. Maybe tomorrow, maybe […]
GBP/USD Breakout Faces First Hurdle- Bullish Above November Open
GBP/USD Daily Chart Technical Outlook: I’ve been tracking this advance in the British Pound for months now with Cable setting the November opening range just above slope support extending off the yearly lows. Earlier this month we highlighted that a breakout was imminent as prices continued to consolidate above this threshold. The subsequent breach above the monthly open / opening-range […]
Is Value Investing Really Dying?
In 2017, traditional value investing has suffered some of the most eye-raising attacks in recent memory. It started in June, when Goldman Sachs published a widely circulated report showing that following the value approach espoused famously by Fama and French returned a cumulative LOSS of 15% over the past decade. That is a remarkably bad performance in a climate […]
Did ECB’s Hansson Talk Out Of Turn?
Ardo Hansson is the Chicago-born Governor of the central bank of Estonia. He was interviewed by Market New today. He seemed to say that barring a surprise; the ECB can end the asset purchases next September. Recall that last month the ECB indicated it wouldcontinue to extend its purchases through the first nine months of next year, albeit […]
Is The Equity Market Making You Jumpy?
After nine years, some investors are getting increasingly worried about the continued viability of the long-running bull market. Add in the rumors of rising interest rates, and some investors are ready to make dramatic changes to their equity investments, such as moving a significant portion of their portfolio to cash or cash equivalents (money market […]
Chipotle, In Search Of New CEO, Says Founder Ells To Focus On ‘innovation’
Shares of Chipotle Mexican Grill (CMG) jumped in morning trading after the company announced it had begun to search for a new chief executive officer. Once the search is compete, Chipotle founder Steve Ells said he will focus primarily on innovation. Chipotle has faced several foodborne illness outbreaks since 2015. CEO SEARCH: Chipotle founder and […]
