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Notable news items and price action over the past twenty-four hours.

  • CMG is generating headlines as Immigration Customs Enforcement officers scrutinize the company’s alleged employment of illegal immigrants. 
  • JACK is offering a limited time offer Fish Sandwich for $2.99. 
  • There was little in the way of price action yesterday, with the overall space trading sideways. 
  • CHUX and EAT both declined on accelerating volume.
  • China raised rates overnight to combat inflation. Both MCD and SBUX have raised prices to combat inflation in China.

TALES OF THE TAPE: CMG, JACK, CHUX, EAT, MCD, SBUX - stocks 28

Howard Penney

Managing Director