Diamonds and Dogs
Chipotle Mexican Grill (CMG) is finally bouncing. Chipotle's stock rose nearly 6% today in a down market after executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent future food poisoning outbreaks. Chipotle's had a rough couple of months with the stock down over 40% since October after a rash of E.coli outbreaks at a number of their restaurants. Going forward, the company has announced new competitive marketing efforts to gain back customers.
You can still lend money from the safety of your couch and in your pajamas with today's dog. Lending Tree (TREE) dropped 29% after reiterating guidance, but not raising guidance. The CEO commented on today's selloff saying since the company did not raise 2016 guidance, investors are speculating that there won't be any growth. When asked if 2016 is looking strong, CEO Lebda simply replied "yes." Further, he stated "I have never been more bullish on the future of the company than I have been in 19 years." Lebda founded LendingTree in 1996 after shopping for his first mortgage. With comments like this, LendingTree should be a buy opportunity.
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