As Dow stock McDonald's hits records, two other fast-food stocks are about to trounce it [CNBC]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: CNBC
As Dow stock McDonald's hits records, two other fast-food stocks are about to trounce it VIDEO 3:27 03:27 As fast-food stocks surge, two look like must-own names McDonald's The world's largest burger chain and Dow Two other fast-food stocks are serving up some major competition, according to Craig Johnson, chief market technician at Piper Jaffray. "If we take a look at the chart of Chipotle A move to the mid-$800s would mark a roughly 16% rally from its current $732 level. The stock has never traded above $800. "The second stock we're ordering up is Shake Shack," said Johnson. "This is a stock that is breaking out to new highs. You've just broken out, and you're seeing confirmation with the relative strength trends also. So, from our perspective this is a stock that we think can move up appreciatively from here." A few tailwind themes have coalesced around these fast-food stocks that should continue to fuel their outperformance, says Steve Chiavarone, portfolio manager at Federated I
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SHAK
Earnings
- 2/15/24 - Beat
SHAK
Sec Filings
- 4/17/24 - Form 8-K
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- SHAK's page on the SEC website