In a letter to investors David Einhorn of Greenlight Capital said he's witnessing a tech bubble and has bet against a number of momentum stocks.» Read More
As the much of the market saw increased volatility Friday, Chipotle saw record highs, boosted by much better-than-expected earnings.
Chipotle's popularity isn't showing any signs of fading, and the food chain is eyeing whether it can raise prices later this year.
Some of the names on the move ahead of the open.
NEW YORK, Jan 30- The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter. Facebook Inc shares jumped 14.1 percent to end at $61.08, hitting a lifetime high of $62.50 during the session and supporting both the S&P 500 and Nasdaq.
Jan 30- Chipotle Mexican Grill Inc on Thursday said an increase in customer visits contributed to bigger-than-expected growth in quarterly sales at established restaurants, and its shares rose nearly 10 percent in extended trading.
Chipotle reported revenue that beat analysts' expectations on Thursday and a swift increase in comparable sales despite colder weather.
Jan 30- Chipotle Mexican Grill Inc on Thursday reported a bigger-than-expected increase in sales at established restaurants and a nearly 30 percent rise in earnings, sending shares up more than 10 percent in extended trading. Net income was $79.6 million, or $2.53 per share, during the fourth quarter, up from $61.4 million, or $1.95 per share, a year earlier.
*Google shares up after deal with Lenovo Group. *Facebook shares rally after results beat expectations. Facebook Inc shares jumped 15.4 percent to $61.76, supporting both the Nasdaq and S&P 500. The stock earlier hit an all-time intraday high of $62.50.
Adjusting to a world with less Fed liquidity has created pain in those markets with current account deficiencies, weak currencies and inflation.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
Friday's midday movers:
Brinker reported better-than-expected quarterly results as same-restaurant sales at its Chili's chain rose for the first time in a year.
BOSTON, Jan 22- Hedge fund manager David Einhorn, whose Greenlight Capital ranked among last year's best performers, has taken new positions in Micron Technology Inc and BP Plc, both of which he praised in a letter to investors for practices focused on returning cash to shareholders.
Jan 22- Brinker International Inc reported better-than-expected quarterly results as same-restaurant sales at its Chili's chain rose for the first time in a year, driven by new menu items. Brinker shares rose as much as 8.7 percent to a life-high of $50.74.
BOSTON, Jan 22- Hedge fund manager David Einhorn, whose Greenlight Capital ranked among last year's best performers, said he had taken new stakes in BP Plc, Anadarko Petroleum Corp and Micron Technology Inc. The fund returned 19.5 percent last year.
Jan 22- Brinker International Inc reported a better-than-expected 7 percent rise in quarterly profit as same-restaurant sales at its Chili's chain rose for the first time in a year. Brinker shares rose nearly 9 percent in early trading to their life-high.
Chipotle co-CEOs Steve Ells and Montgomery Moran discuss plans to remove GMOs from its ingredients, introduce a new vegetarian meal and expand into pizza.
CNBC's Jim Cramer provides his insight into the ongoing fast food war simmering between Wendy's and McDonald's.
This isn't your father's pizza. It's your great-grandfather's.
CNBC's Jane Wells reports Chipotle Mexican Grill is partnering with a local pizza establishments where you can choose your own ingredients and make your own pie.