Chipotle fizzles, McDonald’s spikes, Tupperware tanks
Time for your daily dose of trending tickers, the stocks you're following based on your yahoo finance ticker searches.
Chipotle
Looking like a classic example of the volatility associated with growth. Shares of Chipotle (CMG) tumbled more than 7% on Wednesday despite earnings that topped estimtaes. The issue was revenue, which just fell shy of forecasts. And though sales rose 10% during the quarter, the Street was hoping for something closer to 12%. When the rate of growth is called into question – a growth stock typically sells off.
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McDonald's
Investors are biting into McDonald's (MCD) shares despite the fast food giant missing earnings on both the top and bottom lines. Shares are spiked more than 4%. Traders are banking on new CEO Steve Easterbrook's turnaround plan, which will be announced on May 4th. The stock has risen since he first took helm at the Golden Arches. But McDonald's is facing headwinds including slipping sales and the strong dollar.
Tupperware
Known for locking in freshness, it appears Tupperware (TUP) investors are locking in profits. Shares of the container maker slid more than 3% due to a weaker than expected forecast. Also concerns about the strong dollar hit Tupperware, the company relies heavily on sales in emerging markets . However, with revenue of $581 million, Tupperware did beat Street forecasts.
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