Look out: 'Burrito inflation' is here - News and Current Events | futures io social day trading
futures io futures trading

Look out: 'Burrito inflation' is here
Updated: Views / Replies:183 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Look out: 'Burrito inflation' is here

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Look out: 'Burrito inflation' is here

Burritos, cheesecake, coffee.

There are some tasty items on the agenda this week for investors. Chipotle (CMG), The Cheesecake Factory (CAKE), Dunkin Brands (DNKN) and Starbucks (SBUX) are among the companies scheduled to report quarterly results.

But consumers may not like what they hear.

Many companies in the food industry have been hiking menu prices recently as wholesale prices for everything from beef and pork to coffee and cocoa have risen sharply this year.

Coincidentally, the government will release a report on June consumer price inflation on Tuesday. The CPI index for May showed an increase that was double what economists had expected, raising concerns that inflation is heating up.

Related: Growing demand in China has been a boon for milk producers this year

Hershey Co. (HSY), which will report results Thursday, said last week that it was hiking prices 8% in response to higher costs for cocoa, dairy and nuts.

This brings us to the Cheesecake Factory. The restaurant chain behind the Hershey's Chocolate Bar Cheesecake and the Reese's Peanut Butter Chocolate Cheesecake reports Wednesday.

Coffee lovers may want to cover their ears too.

Dunkin Brands is expected to announce price hikes when it reports results Thursday. The company that sells Dunkin' Donuts ground coffee in grocery stores, J.M. Smucker (SJM), has already announced a 9% price hike.

Starbucks, which rolled out price hikes last month, reports on the same day.

A severe drought in Brazil, one of the biggest coffee producers in the world, has driven wholesale prices through the roof this year.

Meanwhile, a prolonged drought in California helped push beef prices to record highs earlier this year. Avocados have also been hurt by the dry spell, driving up prices for the main ingredient in guacamole.

That's a double whammy for burrito makers. Chipotle (CMG) said in April that it would raise menu prices for the first time in three years. The burrito chain will report second-quarter results Monday.

But the headwinds facing the food industry do not seem to have deterred another Tex-Mex chain. El Pollo Loco, which operates 400 locations in California, plans to make its initial public offering of stock this week under the colorful stock ticker "LOCO."

McDonald's (MCD), the largest fast-food chain, opens its books Tuesday. While sales have been in a slump, McDonald's has been relatively insulated from the rise in food prices. It locks in prices for key ingredients months in advance.

Tech also on deck: Aside from food companies, the week ahead brings results from several big technology companies. Microsoft (MSFT, Tech30), Facebook (FB, Tech30), Netflix (NFLX, Tech30) and Apple (AAPL, Tech30) are a few of the highlights. There's been a lot of discussion about whether tech companies, especially in the social media space, are overvalued.

More geopolitics? Investors will also be keeping a wary eye on geopolitical events. Tensions between Russia and Ukraine have been high since a Malaysian Airlines jetliner was shot down over a disputed territory between the two countries last week. And global stocks plunged after Israel's ongoing ground incursion in Gaza.

But U.S. bounced back Friday as investors seem confident that the turmoil in Ukraine and Gaza will not derail the bull market.

Look out: 'Burrito inflation' is here - Jul. 20, 2014

Reply With Quote
The following user says Thank You to kbit for this post:


futures io > > > > Look out: 'Burrito inflation' is here

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Inflation is becoming a question of when, not if kbit News and Current Events 0 May 11th, 2014 08:51 PM
Is Inflation Of 2% Enough For You? Quick Summary News and Current Events 0 October 28th, 2013 11:00 PM
A Little Inflation Can Be a Dangerous Thing kbit News and Current Events 0 September 19th, 2011 06:55 PM
Bernanke Says US Inflation Spike Won't Last Quick Summary News and Current Events 0 April 5th, 2011 12:50 AM
No Inflation? That's Not What Food Prices Are Saying in US Quick Summary News and Current Events 1 February 28th, 2011 08:33 PM

All times are GMT -4. The time now is 03:04 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.08 seconds with 19 queries on phoenix via your IP