Diamonds and Dogs
Shake Shack (SHAK) rebounding to start the New Year. The hamburger restaurateur is jumping 9% to a three-month high on comments at the ICR conference where the company is discussing expansion plans into China, Singapore, and Mexico going forward. The stock had a 40% correction at the end of last year as analysts were getting more cautious on earnings and growth prospects. Lets hope the people in Asia and Mexico like American burgers.
Profit-taking in Target (TGT). After a nearly 100% rise in 2019, Target's stock is down 7% today to a two-month low following disappointing holiday sales with weakness in the electronics and home category. Target blamed tough comparisons due to strong sales the year before due to games like Fortnite and others. Can't blame investors for some profit-taking.