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Chipotle: Best Idea Short Call (Why CMG Has 50% Downside)

Takeaway: Our Restaurants analysts are hosting a Best Idea (short) call on Chipotle on 9/6.

Chipotle: Best Idea Short Call (Why CMG Has 50% Downside) - chipotle 8 31

 

CHIPOTLE MEXICAN GRILL: BEST IDEA SHORT

Conference Call

9/6/2016 at 11:00AM

 

Join the Hedgeye Restaurants Team, led by Sector Head Howard Penney, for an in-depth presentation and refresh to the SHORT case for CMG in which they see 50% of additional downside.

 

CMG is on their Best Ideas List as a short.

KEY TOPICS OF DISCUSSION

  • Management does not appear to have a cohesive strategy to guide this ship
  • Recovery is slow and the business model is impaired
  • Aggressive unit growth is a leading indicator of future value destruction
  • CMG consumer survey update
  • The new normal P&L is vastly different from the past
  • Margin analysis: What the upside is and how do they get there?
  • Sentiment/Valuation

Q&A

 

CALL DETAILS:

 

Attendance on this call is limited.

 

Please note if you are not a current subscriber to our Restaurants research there will be a fee associated with this research call and related material. Ping sales@hedgeye.com for more information.

ABOUT HEDGEYE

Hedgeye Risk Management is a leading independent provider of real-time investment research. Focused exclusively on generating and delivering investment ideas, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. 

 

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, uncompromised real-time investment research as a service.


RTA Live | August 31, 2016


PREMIUM INSIGHT

[UNLOCKED] Fund Flow Survey | Defense Wins Championships

[UNLOCKED] Fund Flow Survey | Defense Wins Championships - dollar

This is a complimentary research note originally published August 25, 2016 by our Financials team. If you would like more info on how you can access our institutional research please email sales@hedgeye.com.


Early Look

daily macro intelligence

Relied upon by big institutional and individual investors across the world, this granular morning newsletter distills the latest and most vital market developments and insures that you are always in the know.

What's Happened To Bernanke's Commodity Bubble? DEFLATION...

Takeaway: A Fed rate hike could precipitate the next leg down in deflation's dominos.

A long-term bear market in one of Bernanke’s Down Dollar asset bubbles remains firmly intact. After failing the “breakout” for the technicians > 200 in June, the CRB Index is down -7% from that lowerlong-term high; it’s going to get decimated by Deflation’s Dominoes if the Fed tightens.

 

 

Editor's Note: The snippet above is from a note written by Hedgeye CEO Keith McCullough and sent to subscribers this morning. Click here to learn more. 


Daily Market Data Dump: Wednesday

Takeaway: A closer look at global macro market developments.

Editor's Note: Below are complimentary charts highlighting global equity market developments, S&P 500 sector performance, volume on U.S. stock exchanges, rates and bond spreads, key currency crosses, and commodities. It's on the house. For more information on how Hedgeye can help you better understand the markets and economy (and stay ahead of consensus) check out our array of investing products

 

CLICK TO ENLARGE

 

Daily Market Data Dump: Wednesday - equity markets

 

Daily Market Data Dump: Wednesday - sector performance

 

Daily Market Data Dump: Wednesday - volume

 

Daily Market Data Dump: Wednesday - rates and spreads

 

Daily Market Data Dump: Wednesday - currencies

 

Daily Market Data Dump: Wednesday - commodities


August 31, 2016

Want more from Daily Trading Ranges? CLICK HERE to submit up to 4 tickers you'd like to see on the list. 

 

  • Bullish Trend
  • Bearish Trend
  • Neutral

INDEX BUY TRADE SELL TRADE PREV. CLOSE
UST10Y
10-Year U.S. Treasury Yield
1.62 1.50 1.57
SPX
S&P 500
2,167 2,190 2,176
RUT
Russell 2000
1,227 1,250 1,246
COMPQ
NASDAQ Composite
5,180 5,262 5,222
XOP
SPDR S&P Oil & Gas Explore
35.03 37.89 37.52
RMZ
MSCI US REIT
1,210 1,239 1,225
NIKK
Nikkei 225 Index
16,355 16,898 16,725
DAX
German DAX Composite
10,456 10,691 10,657
VIX
Volatility Index
11.04 14.47 13.12
USD
U.S. Dollar Index
93.91 96.25 96.04
EURUSD
Euro
1.11 1.13 1.11
USDJPY
Japanese Yen
99.01 103.63 103.02
WTIC
Light Crude Oil Spot Price
44.29 49.08 46.35
NATGAS
Natural Gas Spot Price
2.55 2.99 2.83
GOLD
Gold Spot Price
1,309 1,360 1,316
COPPER
Copper Spot Price
2.03 2.12 2.07
AAPL
Apple Inc.
105.43 110.01 106.00
AMZN
Amazon.com Inc.
752 776 767
JPM
J.P. Morgan Chase & Co.
64.80 67.70 67.50
INTC
Intel Corp.
34.21 35.95 35.70
PANW
Palo Alto Networks
126 145 143
AGU
Agrium Inc.
90.07 96.05 95.76

Hedgeye's Daily Trading Ranges are twenty immediate-term (TRADE) buy and sell levels, along with our intermediate-term (TREND) view.  Click HERE for a video from Hedgeye CEO Keith McCullough on how to use these risk ranges.


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