Diamonds and Dogs


Chipotle Mexican Grill (CMG) is back. The long-beleaguered fast casual chain is up 22% to a 10 month high on earnings that beat expectations by 36%. In the coming months, management will be piloting various tests across key innovation focus areas such as consumer access, the digital experience, our menu and restaurant experience, and realigning the organization to support the go-forward strategy. The new CEO has intentions to rejuvenate the brand after two years of stagnant growth. The restaurant will open at least 130 new locations this year.

After strong earnings from Verizon, AT&T (T) reported a dud. AT&T (T) is down 6% not far from a 52 week low after missing earnings estimates. Revenues fell 3.4% to $38.04 billion missing estimates as well. Declines in legacy wireline services, domestic video, and wireless service revenues, were partially offset by growth in wireless equipment and strategic business services. U.S. wireless results grew while DIRECTV NOW net new adds reach nearly 1.5 million subscribers.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.