Diamonds and Dogs
Mastercraft (MCFT) jumps to a new high on strong earnings. The recreational boat company stock is up 8% to a new 52 week high thanks to record quarterly profits and sales. The company also raised guidance thanks to strong demand. Demand for recreational boating took off during the pandemic and doesn't seem to have slowed any.
Chipotle Mexican Grill (CMG), the Tex-Mex burrito and taco chain, is down 4% after reporting fourth quarter adjusted earnings, revenue, and same-store sales that fell short of Wall Street's expectations. During the quarter, Chipotle saw a slowing in traffic reduction from the lower-income consumer. Not good news heading into their busiest season.
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