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The Zacks Stocks in the News Blog Highlights: Chipotle, Dave & Buster's, Bank of America, Walmart

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For Immediate Release

Chicago, IL-December 9, 2016-Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.

Here are highlights from this week's Stocks in the News blog:

Here's Why Chipotle is Getting Slammed Today

Tuesday saw shares of fast-casual burrito king Chipotle Mexican Grill CMG get slammed, and were down almost 7% on reports that the company is "nervous" about its downbeat sales guidance. Chipotle management was at the Barclays "Eat, Sleep, Play-It's Not All Discretionary" retail conference in New York, and according to tweets from Bloomberg reporter Shelly Banjo, the company said "it's nervous about hitting the guidance out gave out earlier this year." Chipotle's sales have not recovered as much as expected.

Dave & Buster's (PLAY) Just Hit a New 52-Week High

Restaurant and gaming company Dave & Buster's Entertainment Inc. PLAY hit a new 52-week high of $57.39 a share on Wednesday after reporting strong third quarter fiscal 2016 results. The company reported earnings of 25 cents per share on revenues of $228.7 million, both comfortably beating the Zacks Consensus Estimate. Earnings per share grew a whopping 108% year-over-year, while revenues saw a year-over-year increase of 18.6.

Bank of America (BAC) Hits 8-Year High on Continued Rally

Shares of the nation's second-biggest bank, Bank of America Corp. BAC are on a roll, and hit an 8-year high of $23.24 a share on Thursday. Like many of its peers, Bank of America has spent the better part of the past seven years rebuilding its brand and its business after the financial crisis. At its lowest, BAC stock traded at just $3.14 per share back in March 2009. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects, and its stock could rise even more.

Walmart to Invest $1.3 Billion in Mexico, Adds 10,000 New Jobs

Walmart's WMT Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company's logistics infrastructure like building new distribution centers and expanding present ones. CEO Guilherme Loureiro said that as a result of the investment, 10,000 new permanent jobs will be created.

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BANK OF AMER CP (BAC): Free Stock Analysis Report

WAL-MART STORES (WMT): Free Stock Analysis Report

CHIPOTLE MEXICN (CMG): Free Stock Analysis Report

DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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