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CMG

$CMG top in?As you can see on the weekly chart, we had a deviation above resistance and now look to be closing below it. Typically, that's an extremely bearish pattern. Since the covid low, we've largely seen Chipotle go straight up and now I think we're about to see it go straight down. Ichi also showing exhaustion signs. I'd expect to see a bottom sometime between now and mid-next year down below the $24 range. My base case is that we bottom before the end of the year, but the move can extend into next year. Let's see what happens.
NYSE:CMGShort
by benjihyam
2
SBUX gets another earnings miss SHORTSBUX on the dialy chart may be another candidate to short while the general market remains challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk. SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX to my short list. I will look for pivot highs on a lower time frame and average into an overall position in pieces.
NASDAQ:SBUXShort
by AwesomeAvani
Chipotle Mexican Grill (CMG) Soars on Stellar EarningsIn the fast-paced world of stock trading, few names evoke the kind of sizzle that Chipotle Mexican Grill (NYSE: NYSE:CMG ) does. With its recent first-quarter earnings report exceeding expectations, NYSE:CMG stock is once again on investors' radar for all the right reasons. Chipotle ( NYSE:CMG ) reported 27% surge in earnings to $13.37 per share, easily outpacing the FactSet consensus of $11.81 per share. This marks the second consecutive quarter of accelerating growth for the burrito giant, cementing its position as a formidable player in the ever-evolving restaurant industry. But it's not just the bottom line that has investors salivating; Chipotle's top-line performance was equally impressive. Sales soared nearly 14% to $2.684 billion, slightly surpassing analyst forecasts. Driving this growth was a robust 7% increase in same-restaurant sales, showcasing the enduring popularity of Chipotle's offerings among consumers. Not content with resting on its laurels, Chipotle ( NYSE:CMG ) also saw improvements in its operating margins. Operating margin expanded to 16.3% from 15.5%, with restaurant operating margins reaching 27.5%, up 190 basis points. This operational efficiency underscores Chipotle's ability to drive profitability even in challenging market conditions. Looking ahead, Chipotle ( NYSE:CMG ) remains bullish on its growth prospects, forecasting same-restaurant sales growth in the mid- to high-single digits. This optimistic outlook reflects management's confidence in the strength of Chipotle's brand and its ability to capture market share in the highly competitive restaurant landscape. Investors have wasted no time in expressing their enthusiasm for Chipotle's stellar performance. Following the earnings announcement, NYSE:CMG stock surged 3.5% to $3,028 in early Thursday trading. This uptick builds on the stock's recent momentum, with shares posting their third consecutive gain. But perhaps the most compelling development for investors is Chipotle's proposed 50-for-1 stock split, pending shareholder approval at the annual meeting on June 16. If approved, this move could make CMG stock more accessible to a broader range of investors, potentially fueling further upside in the share price. In summary, Chipotle Mexican Grill's ( NYSE:CMG ) stellar first-quarter earnings report underscores its resilience and ability to thrive in a dynamic market environment. With accelerating earnings growth, robust sales performance, and a promising outlook, NYSE:CMG stock appears poised for continued success. As investors await the outcome of the stock split vote, now could be an opportune moment to consider adding Chipotle to their portfolios for long-term growth potential.
NYSE:CMGLong
by DEXWireNews
MCD is topped out the long fast food trend may be SHORTMCD lives on people liking what they eat and eating a lot of it. The Happy Meal is famous. into the business model comes the new wave biologics for obesity and diabetes. the shots that cut down the weight and the food addiction. Insurance companies are jumping on the bandwagon. 1/3 of the people eat half the food. Increasingly, those people are seeking treatment. The fastfood executives know this. Same for the sugar beverages. Anyway, enough said. MC on the monthly chart is stuck at a double top even more obvious on a weekly or daily chart. At present it is stuck in a symmetrical triangle compressing price. The mathematical predictive algorithm forecasts price will move down the remainder of this year. I respect the mathematics and understand the medical trend. LLY makes money supplying insulin and now it makes money actually reversing diabetes and obesity. One way or another it makes money and MCD is supplying the patient flow. In the meanwhile if those patients are detoxified and lower their caloric intake, MCD is the one that suffers a regression of the growth story. I am short MCD and add to my position whenever there is a little upward price movement. Yeah, comarketing donuts with Krispy is an act of desperation.
NYSE:MCDShort
by AwesomeAvani
CMG to split price SHORTCMG has announced a split. Makes sense to make shares more affordable but fractionals are widely available. CMG may be fundamentally challenged by the underpinnings of the fast food markets. that is overeating and rising prices. In the meanwhile the anti-obesity and anti- diabetes trends are pushing hard led by the bological injectable meds from LLY, NVO and others. One third of the people eat one half of the food and now an effective treatment for that addiction is becoming increasingly available. The writing is on the wall and food biz executives can read that writing. Enough said. I am going short on CMG. It's best days of growth may behind it. The company announced plans for 4000 more stores nationwide. Really? Time will tell. I vote with my wallet. My position will not be small. The predictive algo has its forecast. My education included both medicine and engineering. I understand the power of biology and mathematics. I deeply respect both.
NYSE:CMGShort
by AwesomeAvani
Chipotle Breaks Tradition with 50-for-1 Split Amid Record HighsIn a groundbreaking move reflecting its soaring market success, Chipotle Mexican Grill ( NYSE:CMG ) has announced its first-ever stock split, igniting excitement among investors and signaling a new era of accessibility for potential shareholders. The decision, approved by the company's board, comes as Chipotle's shares continue to reach unprecedented highs, with premarket trading seeing a nearly 8% surge to $3011. Chipotle's ( NYSE:CMG ) remarkable ascent to record levels over the past year underscores the unwavering demand for its signature burritos and rice bowls, particularly among its affluent customer base. Buoyed by robust earnings, the California-based chain has solidified its position as a market leader, driving its market value to a staggering $76.71 billion. The 50-for-1 stock split is a strategic move aimed at democratizing ownership of Chipotle's shares, making them more accessible to individual investors. If approved at the upcoming annual meeting, shareholders stand to receive an additional 49 shares for each share held, effectively reducing the share price to around $56 based on Tuesday's closing price. Chipotle's ( NYSE:CMG ) Chief Financial and Administrative Officer, Jack Hartung, emphasized the split's role in expanding ownership opportunities, stating it will "make our stock more accessible to employees as well as a broader range of investors." Analysts view the stock split as a savvy maneuver to enhance liquidity while maintaining the company's compelling economics. Jim Sanderson, an analyst with Northcoast Research, noted that the move should ease liquidity concerns given Chipotle's soaring share price, which ranked it as the fourth-highest-per-share value on the S&P 500 index. Despite the split, Chipotle's fundamental strengths remain intact, with its forward price-to-earnings multiple (P/E) standing at 49.72, outpacing industry peers such as Starbucks and McDonald's. This underscores investors' confidence in Chipotle's growth prospects and reinforces its status as a formidable player in the fast-food industry. Technical Outlook Chipotle ( NYSE:CMG ) is trading above the 200- day Moving Average (MA) with a Bullish Relative Strength Index (RSI) of 86 indicating strong overbought situation. As Chipotle charts new territory with its historic stock split, all eyes are on the company's continued trajectory and its ability to sustain momentum in a fiercely competitive market. With accessibility on the rise and investor enthusiasm soaring, Chipotle is poised to embark on its next chapter of growth and innovation, reaffirming its status as a beloved brand and investment powerhouse in the years to come.
NYSE:CMGLong
by DEXWireNews
CMG - it might be expensive but the value is there LONGCMG on the weekly chart has been uptrending for a year after being rangebound sideways for a year. It has seen a volume spike and corresponding price action with the current earnings beat Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic. The MACD supports the bullish momentum observation in the price action while the RS indicator shows good strength in both shorter and longer time frames. This is a blue chip megacap for sure. While it is not technology like the MAg7, the food business is lucrative. the CEO in the earnings call announced plans to expand to 7000 stores nationally. This is ambitious. Those who are ambitious investors or traders and are well funded could consider adding some shares or even a few options of CMG. I am going with a few options OTM at $3000 six months out. I believe that I will be well rewarded for the risk taken especially given the expansion plans and the historical track record here.
NYSE:CMGLong
by AwesomeAvani
A Spoonful of CMG looks attractive with Restaurant Sales Up 32%For the three months ending in June 2023, the average restaurant sales of $2.94M were up 7.1% from June 2022 ($2.74M) and 32.4% from the end of 2019 ($2.22M). The California-based restaurant chain is expected to report $43.38 in EPS for the current fiscal year ending in Dec 2023. The company registers $40.02 in Diluted EPS on a trailing twelve months ending in June 2023, rendering a 46.6x PE multiple. Multiplying a 46.6x PE multiple to $43.38 in EPS renders a share price of $2021.51 . Placing the 200 EMA PE multiple of 52.7x to $43.38 in EPS renders a share price of $2286.13 .
NYSE:CMG
by rohitayikkara
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations of investors and traders. On the 15-minute chart, the indicators support a reversal with a bounce on the dual time frame RS lines showing a bit of bullish divergence. Decelerating bearish momentum on the MACD with lines converging under the histogram suggests a reversal is impending. Further, the mass index indicator is in the reversal zone but not yet triggering the signal with a drop below the zone. I will take a long trade of CMG. They say trade what you know, My local CMG is always buzy and a love either food. I believe that CMG is ready to give me a big rebate on my patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize a large profit having done a similar trade on CMG more than once in the past. The expected premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward of 4-6 times that if not more.
NYSE:CMGLong
by AwesomeAvani
CMG Weekly H&S Forming Into +GEX Level - weekly is forming right shoulder in distribution cycle right at 1600 psych + positive gamma level - consistent with /ES local top of 4060 (or 4200 on impulse wave) - invalidated if break above 1630s - high risk counter trend trade against current market conditions & positive gamma ratios - BTO Feb 1400p @ 10.85 - IV on puts is cheap + upcoming ER should elevate Feb premiums - gamma conditions for this week and next week's expiry outlined below Ticker: NYSE:CMG Exp. Dates. Greater Than: 2023-01-27 Total_OI:= 39443.00 COTMC:= 1694.77 CITMP:= 1634.34 COI:= 1600.00 plus_GEX:= 1600.00 Spot_Price:= 1596.86 COTMP:= 1571.13 Pos_Trans:= 1535.00 ZeroGEX:= 1505.00 CITMC:= 1493.08 SMA50:= 1488.47 EMA21:= 1487.95 Neg_Trans:= 1440.00 POI:= 1400.00 minus_GEX:= 1400.00 GEX_Ratio:= 1.63 Ticker: NYSE:CMG Exp. Dates. Greater Than: 2023-02-03 Total_OI:= 35202.00 COTMC:= 1694.77 CITMP:= 1634.34 COI:= 1600.00 plus_GEX:= 1600.00 Spot_Price:= 1596.86 Pos_Trans:= 1575.00 COTMP:= 1571.13 ZeroGEX:= 1505.00 CITMC:= 1493.08 SMA50:= 1488.47 EMA21:= 1487.95 Neg_Trans:= 1440.00 POI:= 1400.00 minus_GEX:= 1400.00 GEX_Ratio:= 1.49
NYSE:CMGShort
by soulunveiled