October is here, and investors are hoping that there are more treats than tricks in store.
Let's go over a few of the upcoming days to watch.
October 17 Fast casual continues to grow as casual-dining eateries and fast-food chains languish, and Chipotle Mexican Grill, Inc. (NYSE:CMG) has been leading the way.
The popular burrito roller reports in two weeks, and analysts see revenue and earnings climbing 17% and 22%, respectively. You're not seeing that kind of growth out of traditional restaurant operators, and that's probably why Chipotle shares hit a fresh 52-week high yesterday.
Chipotle has been able to grow its comps through all economic climates. One challenge has been margins, but clearly Wall Street doesn't see that as a problem this time around in targeting bottom-line growth to outpace sales.
October 18 The tablet market continues to get more competitive, and Amazon.com, Inc. (NASDAQ:AMZN) is hoping to raise the stakes with its Kindle HDX.
The 7-inch model hits the market on October 18, giving Amazon a strong entry for the holiday shopping season as a full-featured device.
Amazon has been essentially selling its Kindle Fire gadgetry at cost, knowing that it can make it back through its ecosystem of digital downloads and services. This may or may not be a good business practice for Amazon, but it's creating nightmares for its competitors as buyers know that they're getting a lot of bang for their tablet buck by going with Amazon.