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The Zacks Stocks in the News Blog Highlights: Chipotle, Dave & Buster's, Bank of America, Walmart
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For Immediate Release
Chicago, IL—December 9, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Tuesday saw shares of fast-casual burrito king Chipotle Mexican Grill (CMG - Free Report) get slammed, and were down almost 7% on reports that the company is “nervous” about its downbeat sales guidance. Chipotle management was at the Barclays “Eat, Sleep, Play—It’s Not All Discretionary” retail conference in New York, and according to tweets from Bloomberg reporter Shelly Banjo, the company said “it’s nervous about hitting the guidance out gave out earlier this year.” Chipotle’s sales have not recovered as much as expected.
Restaurant and gaming company Dave & Buster’s Entertainment Inc. (PLAY - Free Report) hit a new 52-week high of $57.39 a share on Wednesday after reporting strong third quarter fiscal 2016 results. The company reported earnings of 25 cents per share on revenues of $228.7 million, both comfortably beating the Zacks Consensus Estimate. Earnings per share grew a whopping 108% year-over-year, while revenues saw a year-over-year increase of 18.6.
Shares of the nation’s second-biggest bank, Bank of America Corp. (BAC - Free Report) are on a roll, and hit an 8-year high of $23.24 a share on Thursday. Like many of its peers, Bank of America has spent the better part of the past seven years rebuilding its brand and its business after the financial crisis. At its lowest, BAC stock traded at just $3.14 per share back in March 2009. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects, and its stock could rise even more.
Walmart’s (WMT - Free Report) Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company’s logistics infrastructure like building new distribution centers and expanding present ones. CEO Guilherme Loureiro said that as a result of the investment, 10,000 new permanent jobs will be created.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: Chipotle, Dave & Buster's, Bank of America, Walmart
For Immediate Release
Chicago, IL—December 9, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Here’s Why Chipotle is Getting Slammed Today
Tuesday saw shares of fast-casual burrito king Chipotle Mexican Grill (CMG - Free Report) get slammed, and were down almost 7% on reports that the company is “nervous” about its downbeat sales guidance. Chipotle management was at the Barclays “Eat, Sleep, Play—It’s Not All Discretionary” retail conference in New York, and according to tweets from Bloomberg reporter Shelly Banjo, the company said “it’s nervous about hitting the guidance out gave out earlier this year.” Chipotle’s sales have not recovered as much as expected.
Dave & Buster’s (PLAY - Free Report) Just Hit a New 52-Week High
Restaurant and gaming company Dave & Buster’s Entertainment Inc. (PLAY - Free Report) hit a new 52-week high of $57.39 a share on Wednesday after reporting strong third quarter fiscal 2016 results. The company reported earnings of 25 cents per share on revenues of $228.7 million, both comfortably beating the Zacks Consensus Estimate. Earnings per share grew a whopping 108% year-over-year, while revenues saw a year-over-year increase of 18.6.
Bank of America (BAC - Free Report) Hits 8-Year High on Continued Rally
Shares of the nation’s second-biggest bank, Bank of America Corp. (BAC - Free Report) are on a roll, and hit an 8-year high of $23.24 a share on Thursday. Like many of its peers, Bank of America has spent the better part of the past seven years rebuilding its brand and its business after the financial crisis. At its lowest, BAC stock traded at just $3.14 per share back in March 2009. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects, and its stock could rise even more.
Walmart to Invest $1.3 Billion in Mexico, Adds 10,000 New Jobs
Walmart’s (WMT - Free Report) Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company’s logistics infrastructure like building new distribution centers and expanding present ones. CEO Guilherme Loureiro said that as a result of the investment, 10,000 new permanent jobs will be created.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.