Diamonds and Dogs

4/25/24

Chipotle Mexican Grill (CMG) is up 3% on strong earnings, strong demand and resilient foot traffic while margins expanded. Longer term, Chipotle's goal is to double their business in North America and expanding internationally,

Caterpillar (CAT) is dragging down the Dow and S&P 500. One of the world's biggest producers of heavy machinery is down 15% on concerns of headwinds for the rest of 2024 and a larger-than-expected dealer inventory build as retail sales have weaken due to regions including Asia and Europe along with slowing non-residential construction.

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