Shares are off about 15 % year to date this week, as you say, contributing to that. The main concern, from an investor focus, is that the company's comments about cost pressures were a little bit a concerning. But things could have been much stronger if it wasn't for those pressures. To your point about the stock, 28 times not necessarily cheap, but growth could accelerate as restaurants continue to come back on line. They've made some solid acquisitions like chelula, which i use almost every day, that should add to the bottom line.
September ends up being the worst month of the year for investors. Merck shares pop on encouraging results from its Covid-19 pill study. Alphabet and General Motors move one step closer to getting self-driving ride-sharing services on the road in California. Amazon unveils Astro, a $1,000 robot for your home. Warby Parker makes a strong debut on Wall Street. Zoom Video and Five9 call off their marriage. Andy Cross and Ron Gross analyze those stories and the latest from Bed Bath & Beyond, McCormick, Dollar Tree, and Sherwin-Williams. They also share why PubMatic and Editas are on their radar.
Plus, Melissa Lee discusses the intersection of online betting, stock trading, and gaming in the upcoming CNBC primetime documentary “Generation Gamble”.
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