This morning, many of the leading restaurant stocks are declining lower. Chipotle Mexican Grill Inc (NYSE:CMG) has been one of the stronger restaurant stocks in the market. This leading stock sold off sharply on April 19, 2012 when it traded as high as $439.40 a share. Today, CMG stock is trading lower by $4.61 to $414.18 a share.
QUALCOMM, Inc. (NASDAQ:QCOM) reports earnings today. The company is expected to report $0.95-$0.99 profit per share. While the analysts have given their opinions, I find it far more accurate to analyze the charts.
This morning, the leading fast food stock McDonald's Corp (NYSE:MCD) is trading lower by $1.06 to $97.50 a share. This leading restaurant stock is one of the only stocks in the sector to decline while the major stock indexes are rallying higher. Short term traders should watch for intra-day support around the $97.00 area.
As we all know by now, the United States Gasoline Fund (NYSEARCA:UGA) has soared higher since December 19, 2012. At that time, the UGA was trading around the $45.50 level. Earlier this week, the UGA hit a new 52 week high at $57.22 a share before pulling back slightly. This morning, the UGA is trading higher by 0.46 cents to $55.95 a share.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant (QSR) company, with more than 37,000 units in more than 110 countries and territories. Yum! Brands, Inc achieved its new price of $65.99 where it was opened at $65.33 up 0.40 points or +0.61% by closing at $65.90. YUM transacted shares during the day were over 4.24 million shares however it has an average volume of 4.17 million shares.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant (QSR) company, with more than 37,000 units in more than 110 countries and territories. Yum! Brands, Inc achieved its new price of $65.29 where it was opened at $65.46 up +0.25 points or +0.38% by closing at $65.50. YUM transacted shares during the day were over 3.29 million shares however it has an average volume of 4.15 million shares.
