Combined, shares of these three tech giants represent one-third of the S&P 500’s year to date advance, notes WSJ. Only 10 stocks are driving the rally in the S&P 500 via @WSJ pic.twitter.com/z3peO6N30P Brian Sozzi (@BrianSozzi) April 18, 2017 Go figure, Chipotle shares are rocking: Couldn’t agree more with research firm Bespoke on being surprised Chipotle’s ( CMG ) stock is now at a 52-week high. A couple of things powering the move: (1) latest round of price increases spurring hope for a second quarter profit boost; (2) with Panera Bread ( PNRA ) being swallowed up by JAB Holdings, Chipotle could be next, given its clean food message, growth characteristics and how far the stock has plunged post E.coli crisis; and (3) the brand staged a traffic rebound in the first quarter amid aggressive marketing. If you believe all of those things, I have a bridge to sell you in China. Zero confidence in the leadership capabilities of founder and CEO Steve Ells. Had to do a double take after seeing Chipotle on the 52-week high list. curriculum vitae$CMG pic.twitter.com/BnmKGhA3St Bespoke (@bespokeinvest) April 18, 2017 FedEx falls to new lows for the year: Here’s something to fuel your growing suspicion the U.S. economy will falter in the second half of the year thanks to rising interest rates. This may not be a company-specific issue, either. The Dow Jones Transportation Index has dropped nearly 1% this year, lagging the 4.4% gain the Dow Jones Industrial Average. Most of the selling has come since the transports hit a high for the year on March 1 (when questions on Trump’s effectiveness this year began to appear). Source: Yahoo Finance Here’s why Kentucky Fried Chicken is cooking up strong sales:Yum! Brands ( YUM ) owned KFC has been the rare standout in the sluggish fast food space of late, but there is more behind the brand’s surprisingly strong performance than endless catchy TV commercials of founder Colonel Sanders.
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