Diamonds and Dogs

8/23/24

Something's cooking at Cava Group (CAVA). The fast-casual restaurant chain popped more than 20% to new highs on stronger-than-expected quarterly results. Cava posted earnings of 17 cents per share on sales of $233 million, up 35%. The company also raised guidance as demand seems to only be improving. Merrill Lynch upgraded the stock.

Intuit (INTU) going the wrong day. The financial software company fell 6%, the biggest loser in the S&P 500, after missing their current-quarter outlook due to tepid profit outlook.

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