Chipotle's (CMG) earnings are to be released today, April 25th. Alex Coffey and Jenny Horne discuss this as its adjusted EPS is estimated at $8.89 and revenue is estimated at $2.34B. They talk about how CMG is up over 29% year-to-date and sees healthy store opening growth. They note that CMG is up approximately 50% from its 52-week low. They then compare CMG to McDonald's (MCD), highlighting the key difference that CMG is still a growth company. Alex then demonstrates an example trade using CMG. The trade type is a buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.
25 Apr 2023