President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Chipotle is well positioned to grow, as the restaurant industry adapts to using more apps and digital transactions, Wedbush said Monday.
The firm upgraded the stock to outperform from neutral and hiked its 12-month price target to $980 from $780.
"Within the emerging battle for digital real estate, CMG is quickly establishing a leading position that could enable a multi-year streak of mid- to high single digit SSS growth," Wedbush analyst Nick Setyan said in a note to clients.
Chipotle's stock has surged nearly 40% since the restaurant launched a loyalty program in March as part of a strategy to build digital engagement. It hit an all-time high in July following the Mexican-style chain's second-quarter earnings results that showed digital sales nearly doubled. Digital sales grew 99.1% and made up 18.2% of sales for the quarter. This marked the program's first full quarter since it began, and the company's CEO said it added about 2 million members from last quarter with more room to grow.
Setyan said Chipotle is on a path toward increasing sales 30% by the end of 2021, with help from digital partnerships.
"With respect to Chipotle's own app ... we expect loyalty to act as the primary lever behind both adoption and usage, positioning CMG at the top of restaurant apps likely to find space on customers' handheld devices," said Setyan.
Additionally, Setyan expects new menu items like quesadillas, carne asada and white queso to drive same-store sales growth.
The firm raised its 2019 earnings per share estimate to $13.78 from $13.34. Wedbush also hiked its 2020 and 2021 earnings per share estimates.
Shares of Chipotle rose 0.44% on Monday, reaching a 52-week high at one point.
— With reporting from CNCB's Michael Bloom