L-D-V

[TENET RESEARCH @tenet_research]

IRANIAN PRESIDENT: THE STATE OF "NEITHER WAR NOR PEACE" IS NOT IN THE COUNTRY'S INTEREST, AND EFFORTS MUST BE MADE TO END THIS SITUATION AND ELIMINATE IT. $SPY $QQQ

[TENET RESEARCH @tenet_research]

MORTGAGE RATES FALL BELOW 6% AS REFI SURGES

The average U.S. 30-year fixed mortgage rate dropped to 5.99% on Monday—its lowest level since 2022, according to Mortgage News Daily. That’s down from 6.89% a year ago.

The decline comes as investors move into bonds amid stock market volatility, pushing yields—and mortgage rates—lower. Uncertainty around tariffs, easing inflation, and weaker GDP data are driving the shift.

Matthew Graham said the current dip appears more sustainable than January’s brief drop into the 5% range, provided bond markets remain stable.

Lower rates are already fueling demand: refinance applications are up about 130% year over year, according to the Mortgage Bankers Association, with further gains likely if rates stay low

[L-D-V @LDV121314]

@wallstengine What happened to $NOW in earnings?

[FSMN @faststocknewss]

WALL STREET BANKS PLAN TO SELL BILLIONS IN X LOANS, AIMING FOR 90-95 CENTS ON THE DOLLAR – WSJ

[Earnings Whispers @eWhispers]

#earnings for the week of November 11, 2024

https://t.co/My2Eq16qS8

$SHOP $SOUN $MARA $BABA $CAVA $SPOT $AMAT $DIS $PLUG $HD $MNDY $OXY $RKLB $BSEM $ZETA $SE $RKT $CSCO $ASTS $WULF $ONON $OKLO $HUT $NVAX $HTZ $LUNR $CART $TLN $BITF $GRAB $JD $LAZR $ALT $CRON $ICL $NICE $CYBR $BXSL $DESP $ARMK $TSN $RUM $PGY $TGI $AAP $AXSM $AZN $BILI $LINC $LQDA

[Wall St Engine @wallstengine]

$CMG | Chipotle Mexican Grill Q3'24 Earnings Highlights

🔹 Adjusted EPS: $0.27 (Est. $0.25) 🟢; UP +17.4% YoY
🔹 Revenue: $2.79B (Est. $2.82B) 🔴; UP +13% YoY
🔹 Net Income: $387.4M; UP +23.7% YoY
🔹 Comparable Restaurant Sales Growth: 6.0%, driven by +3.3% Transaction Growth

2024 Outlook:
🔹 Comparable Restaurant Sales Growth: Mid to high-single digits
🔹 New Restaurant Openings: 285-315 company-operated locations (80% with Chipotlanes)
🔹 Full Year Tax Rate: 24%-26%

Margins and Costs:
🔹 Operating Margin: 16.9% (Prev. 16.0%)
🔹 Restaurant Level Operating Margin: 25.5% (Prev. 26.3%)
🔹 Food, Beverage, and Packaging Costs: 30.6% of revenue (Prev. 29.7%)
🔹 Labor Costs: 24.9% of revenue (Flat YoY)
🔹 Other Operating Costs: 13.8% of revenue (Prev. 14.0%)

2025 Outlook:
🔹 New Restaurant Openings: 315-345 company-operated locations (80% with Chipotlanes)

Operational Highlights:
🔹 New Restaurants Opened: 86 company-operated locations (73 with Chipotlanes)
🔹 Digital Sales: 34% of total food and beverage revenue
🔹 Stock Repurchase: $488.1M repurchased at an average price of $54.55 per share; $1.1B authorized for future buybacks

Key Commentary:
🔸 Scott Boatwright, Interim CEO: "Our focus on exceptional people, food, and throughput, alongside the return of Smoked Brisket, drove strong results. We are committed to expanding our North American presence to reach 7,000 restaurants and further our global ambitions."
🔸 Cost Pressures: Higher food costs driven by inflation in avocados, dairy, and protein mix changes were partially offset by prior menu price increases.
🔸 Operational Efficiency: Lower delivery expenses and improved sales leverage contributed to a reduction in other operating costs.

Strategic Initiatives and Long-Term Goals:
🔸 Chipotlanes are enhancing guest convenience, driving higher margins and returns.
🔸 Management remains focused on expanding the Chipotle brand, targeting over 7,000 locations across North America and further international expansion.

[NuntioBot @NuntioBot]

$CARM 16:30 on Jun. 27 2024

Carisma Therapeutics Announces Nomination of First In Vivo CAR-M Development Candidate for Hepatocellular Carcinoma Under Collaboration with Moderna

[NuntioBot @NuntioBot]

$BNRG 08:30 on Jun. 12 2024

Brenmiller and Proactive Planet Partner to Distribute bGen™ Zero Thermal Energy Storage Systems in Canada