likely to start tuesday on this week
looks like it could be explosive to the upside going into earnings tomorrow, especially after CMG, BWLD, PNRA earnings reports and big jumps post earnings.
PNRA up 20.00 in AH and BWLD up 11.00 in AH
I'm looking for beat from FRGI and 60+ close thursday
Last up on our list of restaurant trades is small-cap restaurateur Fiesta Restaurant Group (FRGI - Get Report). 2015 has been a challenging environment for Fiesta. Shares of this $1.3 billion fast-casual chain operator have slipped almost 18% since the start of this year. But long-suffering shareholders could be in store for a reprieve. That's because Fiesta is showing off a classic reversal pattern this summer.
Fiesta has spent the last several months forming an inverse head and shoulders setup. You can spot the inverse head and shoulders by looking for two swing lows that bottom out around the same level (the shoulders), separated by a bigger trough called the head; the buy signal comes on the breakout above the pattern’s “neckline” level. That's the $53 level in Fiesta Restaurant Group.
Cramer had a piece on last week that the rumor on the street is a couple big MLP hedge funds that are leveraged got in trouble and are being forced liquidated. Look at most MLP's and they are being hit for no news.
He said watch close because when this is done MLP's will rally up big.
restaurants are coming back, look at CMG post earnings, BWLD, PNRA, etc.
FRGI likely to have strong earnings and growth, 60+
that is reason they are all dropping, says its not based on fundamentals and when the blowout by forced selling is over you should see a jump in MLP's . That explains why RNF has been dropping
if your on a trip for more than a day you will want to have your own car and not app up UBER to drive you around. If that was he case, before UBER, taxi's would have taken most of the business from car rental companies a long time ago and that did not happen. UBER's main displacement is taxi service not car rental!