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05.19.19 10:18:55AM
#BIDU #CMG running ahead of earning reports
#CMG Chipotle Mexican Grill, Inc
- Analyst continued to be negative ahead of company's upcoming earning reports. Here are analyst Price Target (PT): Baird Neutral PT $340, BTIG Neutral and lowered estimates Q3, Cowen Underperform with PT $250 and lowered to $290 from $350 at Wedbush.
- Despite analyst negative, stock has found it support. All bad news has been priced in with stock shown relative strength throughout the day. This looks reversal as short to cover and upcoming earning reports should be a good surprise, in my opinion.
- Chipotle launched their queso nationwide Sept 12, the rating has been mixed. Regardless, of the rating, this queso can only boost company upcoming revenues; customers will come back to the store just to try it and putting their trust back in with the company. The long term should be good, in my opinion.
#BIDU Baidu Inc
- The dragon has been released! For one month performance it's up 14.47% or +33.48 points.
- Yesterday, stock popped +4.04% or +10.19 points. The moved was in conjunction to #NVDA AI autonomous news. Remember, #NVDA #BIDU partnership to accelerate AI back in July 5, 2017.
- From technical stance, stock looks to push higher.
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