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Monday, Aug 15, 2022
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Midday Trading: Chipotle jumps on Q4 beat; Axonics up 26% in 2 weeks

The S&P 500 climbed 1.2% to 4,578.25 in midday trading.

The Dow 30 was up 0.7% to 35,709.16.

The Nasdaq jumped 1.7% to 14,430.53.

Crude oil rose 0.2% to $89.56 a barrel.

Gold increased 0.4% to $1,836 an ounce.

The yield on a 10-year bond declined 1.59% to 1.923%.

RESTAURANT CHAINS

Newport Beach-based Chipotle Mexican Grill Inc. (NYSE: CMG) jumped 9.8% to $1,604 and a $45.2 billion market cap. The restaurant chain yesterday reported fourth quarter revenue and profit that topped analysts’ consensus estimates.

MEDICAL DEVICES

Axonics Inc. (Nasdaq: AXNX) increased 4.9% to $55.01 and a $2.6 billion market cap. Shares of the Irvine-based maker of devices to help control bladders are up about 26% since Jan. 27 when the company highlighted a peer-review, independent study showing that urinary incontinence is prevalent in 78 million women.

 

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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