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Markets are plunging yet again today, the Dow down over 700 points as I type.
And our Credit Loophole Trade on Chipotle Mexican Grill Inc. (NYSE: CMG) has dropped along with it.
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Mexican fast food company Chipotle Mexican Grill Inc. (NYSE: CMG) came out with earnings that beat expectations yesterday.
The stock, however, tanked on the good news with a "sell the rumor" response followed by a flood of positive analyst recommendations.
Volume was huge on the spike down, and today the stock has pierced the high of the day on its way to filling the gap to the upside.
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Good afternoon!
This morning, we opened a position on Chipotle Mexican Grill, Inc. (NYSE: CMG) that has shot through the roof!
That's right... our Loophole trade is approaching its profit point in a matter of hours.
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Happy Thursday!
The markets are correcting in the midst of earnings season, so it's now time for another Fast Fortune Club option trade!
Today's setup is a bullish one on Chipotle Mexican Grill, Inc. (NYSE: CMG).
CMG is a casual dining and carry-out Mexican restaurant. It is classified as a consumer cyclical stock.
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If you've been following the news this morning, then you're aware of last night's U.S. airstrikes on Iran. The move has dropped much of the markets, apart from oil, energy, and defense stocks.
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This is the last full week of trade for 2019, so let's finish the year with some quality profit-making opportunities!
The U.S. and China announced Friday that phase one of the trade deal is done, and that made the other political stories that are circulating seem like back page news.
We are anticipating stocks to reflect this today come opening bell.
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