Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Jim Cramer’s 4 Hot Latin Restaurant Picks

Jim Cramer illustration 640x360

CNBC’s Jim Cramer said Latin-themed restaurants are hot,  but other new concepts, not so much. With the bellyflop of Red Robin Burgers (RRGB) and Noodles (NDLS) after their disappointing earnings, many might be tempted to give up on the restaurant sector, but as Cramer explained on Mad Money, there are some concepts that are working.  The Latin concept is popular, perhaps partly because the perception is that this food is fresher and healthier. Chipotle Mexican Grill (CMG) is by far the winner in the sector. It trades at a high stock price, and Cramer wouldn’t chase it. Jack in the Box (JACK) has its Qdoba restaurants which are a successful regional-to-national story. JACK also has an aggressive buyback to reward shareholders. Fiesta Restaurant Group (FRGI) has a quickly growing Caribbean theme and a slower growing Taco Cabana chain. El Pollo Loco (LOCO) shot out of the gate on its IPO, but Cramer wants to wait and see what management will say in its first earnings report before buying the stock.

On Thursday, there was a surprise bid for Omnivision (OVTI) from Hua Capital, and the stock rose 13.5%. While this is only a preliminary proposal, Cramer said the move caused investors to wonder if other possible targets like Micron (MU) and Skyworks (SWKS) weren’t undervalued. OVTI was not the strongest player in the sector by a long shot, had been missing numbers and getting downgrades, and good news for OVTI was great news for its peers.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.