Chipotle Mexican Grill Inc. (CMG), the trendy Mexican-style restaurant chain founded in 1993, develops and operates more than 198 Chipotle Mexican Grill restaurants in the United States, 29 international restaurants and 23 non-Chipotle style restaurants. Denver-based CMG has become famous for its unique food services, while also becoming infamous for its candidacy as a long-term short position.
I don’t need an excuse to enjoy rare scotch whiskies, but news that The Macallan and Baptiste & Bottle, a bar located in the Conrad Chicago, had joined forces to create a virtual reality cocktail experience provided some intriguing editorial cover.
A year ago we pointed out that despite October’s history as a month in which market crashes occur, the major stock indexes have average positive returns in October and the month falls in the middle of the pack in terms of average performance during specific months.
How ironic. Bloomberg is reporting that most of the new quant strategies adopted by asset managers aren’t generating any, uh, quantifiable positive returns, let alone alpha. Allow me to explain in a moment of schadenfreude.
As long as the earnings continue to grow, the stock follows right along. Facebook (FB), Netflix (NFLX) and Amazon (AMZN) are good recent examples of that. When earnings growth begins to slow, so does the stock price appreciation.
Nothing has captivated investors like Amazon’s (AMZN) share price cresting at $1,000, generating annualized returns close to 29% during the last decade and briefly making Jeff Bezos the richest man in the world in the process.
Sometimes life hands us unexpected opportunities, like getting selected to shoot a basketball from half court for a $10,000 prize. You only need two qualifications: get selected and make the basket. Everyone likes to get a bonus; traders are no exception.