After the bell, Chipotle Mexican Grill annihilated street expectations with third quarter earnings of $1.08 a share, up 83 percent from a year ago, compared to the expected $.88 from analysts. Read More
Great earnings from three big banks, but futures haven't moved. What's up? Traders note that good earnings are being sold because stocks have rallied so much going into earnings season (the S&P 500 is up almost 4 percent this month alone). Read More
Despite the rising concerns about childhood obesity, restaurant menus for children have not changed in recent years. Mintel Menu Insights has been tracking kids menus from 2005 until present, and are seeing the same foods repeated year after year. Read More
Brinker, parent of restaurant chain Chili's (down 17 percent on 5x normal volume), is a real shot across the bow for bulls who are hoping for an improvement in sales trends in the second half. Read More
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help. Read More
The market’s rally today was driven by the strong May consumer confidence numbers released at 10am ET this morning. With confidence building, the hope is that the consumer will start spending again. Read More