Logo
    Search

    Chipotle fires up investors with 50-for-1 stock split

    enMarch 20, 2024

    Podcast Summary

    • Chipotle undergoes stock split, Saudi Arabia invests in AI, Nordstrom family attempts to go private againChipotle shares to be multiplied by 50, Saudi Arabia sets up $40B AI investment fund, Nordstrom family renews effort to take retailer private

      Chipotle Mexican Grill is set to undergo a 50-for-1 stock split, with shareholders receiving additional shares in June. Meanwhile, Saudi Arabia is making moves to become the world's largest investor in artificial intelligence, reportedly setting up a $40 billion fund for technology investments. In other news, the Nordstrom family is once again attempting to take the company private, six years after a previous effort failed. Chipotle's stock price saw a boost in premarket trading following the announcement of the stock split and special equity grants for long-term employees. Saudi Arabia's foray into AI investment could significantly impact the technology industry, with the Middle Eastern nation looking to partner with Silicon Valley firms and draw from its vast sovereign wealth fund. The Nordstrom family's renewed effort to take the retailer private comes after a failed attempt in 2018, and they are reportedly working with Morgan Stanley and Center View Partners to gauge interest.

    • J.C. Penney's Financials Boost Share Price, Energy Stocks Lead US MarketsJ.C. Penney's strong financial results led to a surge in its share price, while energy stocks drove the US markets higher. However, crude oil and Bitcoin declined, and some individual stocks experienced significant drops following analyst downgrades.

      J.C. Penney Company Inc. (JWN) saw a significant increase in its share price after announcing its financial results, with energy stocks leading the way in the US markets. Elsewhere, JetBlue is reducing flights, US beverage sales are cooling off but certain categories are still growing, Reddit is facing a patent infringement claim ahead of its IPO, and Astera Labs is expected to trade after its own IPO. The Nasdaq, S&P 500, and Dow all ended higher on Tuesday. However, crude oil and Bitcoin saw declines, and some individual stocks like SMR experienced significant drops following downgrades from analysts. In the economic calendar, mortgage applications and the Federal Reserve's interest rate policy statement are upcoming events. For comprehensive coverage on these and other significant stocks and ETFs, consider becoming a Seeking Alpha premium subscriber.

    Recent Episodes from Wall Street Breakfast

    FTC moves to block Tempur Sealy's $4B Mattress Firm deal

    FTC moves to block Tempur Sealy's $4B Mattress Firm deal
    FTC sues to block Tempur Sealy's (TPX) $4B purchase of Mattress Firm. (00:23) EV maker Rivian (RIVN) has no production plans with Volkswagen - report. (01:42) Eli Lilly (LLY) wins FDA approval of donanemab for Alzheimer's. (02:27)

    Episode transcripts seekingalpha.com/wsb.

    Show links: 
    Biggest stock movers today: PARAA, CVAC, and more
    Deutsche Bank’s Fresh Money list for Q3
    The stocks with the most extreme upside in Q2 - Piper Sandler
    Skydance, NAI come to new deal on Paramount merger - WSJ

    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Tesla shares gaining more momentum

    Tesla shares gaining more momentum
    Tesla Q2 deliveries handily top expectations. (0:15) Fed's Powell sees disinflation resuming. (1:43) Disney content set for a 'major turnaround'? (4:28)

    Show Notes
    The top 10 U.S. ideas for Q3: 9 buys, 1 underperform - BofA
    M&A thrills: Meet the new theme park sector giant
    SA subscribers believe this will be the top-performing S&P 500 stock in H2

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Paramount gains on Barry Diller buzz, streaming merger talks

    Paramount gains on Barry Diller buzz, streaming merger talks
    Paramount (PARA) (PARAA) talking with potential partners to merge streaming - CNBC, report of interest from media mogul Barry Diller/IAC. (00:29) U.S. judge halts Biden administration pause on LNG export licenses. (01:44) Conn's (CONN) may file for Chapter 11 bankruptcy - report. (02:46)

    Episode transcripts seekingalpha.com/wsb.

    Show links: 
    Biggest stock movers today: PARA, INCY, and more
    Where Morgan Stanley sees pockets of safety as S&P 500 faces 'technical fragility'
    Will BYD beat Tesla again in the EV sales race?
    Salesforce shareholders reject pay package for CEO Marc Benioff, top execs

    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Roaring Kitty returns with Chewy stake and facing lawsuit

    Roaring Kitty returns with Chewy stake and facing lawsuit
    Keith Gill discloses 6.6% stake in Chewy and is named in pump-and-dump class action. (0:15) Manufacturing activity contracts again. (2:20) Tech industry turns to nuclear for AI power demands. (4:40)

    Show Notes
    AI megacap stocks face a tough valuation test this earnings season

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    BlackRock to acquire Prequin for $3.2B

    BlackRock to acquire Prequin for $3.2B
    BlackRock (BLK) to buy data provider Preqin in $3.2B deal. (00:24) Boeing (BA) agrees to Spirit AeroSystems (SPR) takeover for $37.25 a share. (01:05) EU to charge Meta over ‘pay or consent’ model - report. (02:04)

    Episode transcripts seekingalpha.com/wsb.

    Show links: 
    Biggest stock movers today: SPR and LI
    Surveillance network: FedEx, retailers said to be sharing AI camera feeds with cops
    Rising drug costs force a third of Americans to leave prescriptions unfilled: report
    A second Trump administration may be more lenient towards antitrust enforcement - JPMorgan

    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Jobs in spotlight this holiday week

    Jobs in spotlight this holiday week
    Nonfarm payrolls are expected to rise by 200,000. (0:17) Why Apple may be the place to be. (3:12) Wall Street myth busting. (6:40)

    Show Notes
    Who Doesn't Feel Comfortable Owning Apple? Nvidia's Upside Volatility.
    Earnings Calendar
    Dividend Roundup

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Nike ‘comeback takes time,’ shares drop

    Nike ‘comeback takes time,’ shares drop
    Nike (NKE) cuts revenue growth forecasts as macro headwinds to have 'pronounced' impact. (00:27) Biden, Trump go back and forth over inflation at first U.S. presidential debate. (01:47) Equinor (EQNR) comes up dry in first Argentina offshore well. (03:11)

    Episode transcripts seekingalpha.com/wsb.

    Show links: 
    Biggest stock movers today: NKE, DJT, and more
    Meta may block news content on Facebook in Australia if forced to pay licensing fee
    NFL ordered to pay $4.7B after losing Sunday Ticket antitrust trial
    Tractor Supply shelves climate, diversity goals after pushback

    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Walgreens plunges as it preps to shutter stores

    Walgreens plunges as it preps to shutter stores
    Shares hit multi-year-low on weak guidance. (0:16) Levi's shares fade fast. (3:47) Uber offers cash to ditch your car for 5 weeks. (4:26) 

    Show Notes
    Durable goods orders edge up in May
    The S&P 500 is the ‘perfectly constructed index’ - Goldman Sachs

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    SpaceX said to hit $210B valuation, wins $843M NASA deal

    SpaceX said to hit $210B valuation, wins $843M NASA deal
    SpaceX said to hit $210B valuation, wins $843M NASA deal. (00:25) Baxter (BAX) issues Class 1 recall of Life2000 ventilators over battery charging issue. (01:43) Amazon (AMZN) plans to launch discount shopping with direct shipping from China: report. (02:33)

    Episode transcripts seekingalpha.com/wsb.

    Show links: 
    Biggest stock movers today: BB, MU, and more
    The negative correlation between the dollar and the S&P 500 will continue - Piper Sandler
    Amazon joins $2T market cap club, boosted by Rivian stake and AI wave
    Morgan Stanley to deploy OpenAI-powered assistant for financial advisors

    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Fed will take notice of FedEx

    Fed will take notice of FedEx
    Global macro proxy FedEx jumps on strong earnings. (0:16) Tesla attracts a new bull. (4:08) The IRS says sorry. (5:00)

    Show Notes
    Goldman’s top 50 high Sharpe Ratio stocks
    These 5 stocks in the S&P now have the highest prices following Chipotle's split
    Whirlpool stock jumps as Bosch weighs takeover bid

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Related Episodes

    Monster job gains

    Monster job gains
    September payrolls jump by more than double estimates. (0:15) Stocks show resilience after initial tumble. (0.39) Tesla cuts prices. (3:12)

    Episode transcripts seekingalpha.com/wsb.
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Show Notes
    Buy-rated dividend stocks for volatility and high rates
    BofA’s Alpha Surprise Model: Lots of Energy additions, Consumer Discretionary deletions
    OpenAI mulls making own AI chips


    April CPI and Walmart earnings in spotlight

    April CPI and Walmart earnings in spotlight
    CPI shelter costs will be closely watched by the Fed. (0:17) Walmart reports results as consumers stumble. (1:58) OpenAI expected to debut Google search competitor. (4:58)

    Show Notes
    Barclays spotlights 44 stocks to watch if inflation remains sticky
    Earnings Calendar
    Dividend Roundup

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    G7 to embrace AI principles-report

    G7 to embrace AI principles-report
    G7 economies to agree on AI guiding principles for companies - report. (00:27) UAW reaches tentative agreement with Stellantis (STLA), expands strike against GM. (01:57) Boeing (BA) weighing ransomware threat from hackers. (03:10)

    Episode transcripts seekingalpha.com/wsb.
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Show links:
    Biggest stock movers today: Coherus BioSciences, ArcelorMittal and more
    HSBC net profit more than triples in Q3; $3B stock buyback planned
    Citi explores a Disney trade-off: ABC and India for Hulu
    Evergrande gets last chance for debt deal to avert liquidation; stock hits record low

    Inflation bucks the downward trend

    Inflation bucks the downward trend
    A rise in shelter prices pushes CPI up +0.4% in September. (0:15) Walgreens issues disappointing guidance right after new CEO appointment. (2:50) OpenAI intends major updates ahead first Developers Conference. (3:05)

    Episode transcripts seekingalpha.com/wsb.
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

    Show Notes
    Most crowded longs and shorts going into earnings season
    Domino's Pizza slips after U.S. same-store sales decline in Q3
    Initial jobless claims hold steady in past week

    Big names join AI Safety Institute

    Big names join AI Safety Institute
    Apple, Microsoft, JPMorgan among those in new U.S. AI Safety Institute. (0:16) Chip company Arm adds $40 billion in market cap post-earnings. (2:45) These idiosyncratic stocks could help your portfolio. (5:22)

    Show Notes
    Greenlight Capital founder: Markets are fundamentally broken by passive investors
    Philip Morris points to strong momentum as smoke-free sales climb

    Episode transcripts seekingalpha.com/wsb
    Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.