Stop Trading!: Choose Chipotle
CKE Restaurants CEO Andrew Puzder said on "Street Signs"that costs for his restaurant company have gone up across the board. The weak dollar and droughts in Australia have turned China's gaze toward the U.S. for potatoes. The struggling greenback has made American cheese popular overseas as well. Construction costs are up. So is oil.
No wonder Cramer said Chipotle is the better stock to own.
"I can't get behind a restaurant [CKE] where they themselves have been pointing out disappointment," Cramer said. "This is a momentum game, and Chipotle has momentum. That's where I want to be."
Cramer said he knows Chipotle is expensive, but it's growing while CKE is slowing. He called CMG a cult stock like Starbucks was six to eight years ago.
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