$Cheesecake Factory(CAKE)$ ๐ฐโ๏ธ๐ฐ Can you have your Cake and eat it to? I closed positions and took gains at $41.31, where it was hitting around resistance & I needed the Capital and I'd hit maximum liquidity. ๐บThis stock has medium to long term potential and I'm still ๐ ฑ๏ธullish for $CAKE, I just needed a slice of another pie - my fav ๐๐ $Apple(AAPL)$ namely!
Check out my last posts for ๐ฐ
This stock is not just about desserts, itโs about serving up juicy market returns! Iโve taken a delicious bite at $40.77~but the icing on the cake is where we could be heading next. ๐ฐ๐
๐ฐ Market Price Serving Today: $41.11 (+2.42%)
โข The stock is up like a soufflรฉ in a hot ovenโperfectly timed entry! ๐ฎ
๐ด CAKE Chart Breakdown: Ready for the Big Breakout?
Looking at the chart, CAKE is currently riding a bullish trend channel, well-supported by green upward linesโthink of it as the stockโs stabilising crust thatโll hold as it rises! ๐ The next possible target? That sweet spot of $50. Get ready to drizzle some gains on that! ๐ฏ
Key Levels:
๐ข Upside Resistance: Around $50โlike that final layer of whipped cream waiting to be reached.
๐ต Support Zone: Solid $40โCAKEโs price isnโt crumbling below here anytime soon. ๐ช
๐ฅ Analyst Recommendations: Are They Hungry for CAKE?
Letโs talk expert consensus:
โข ๐ข Strong Buy: 33%โAnalysts are drooling over the upside!
โข ๐ข Buy: 5%โMinimal buy signals, but still a bite-sized opportunity!
โข ๐ก Hold: 43%โThe cheesecake is chilling in the fridge, waiting for the perfect time.
โข ๐ด Sell: 19%โWhoโs leaving the party early? ๐ค Not me!
๐ฏ Price Target: Can We Have Our Cake and Eat It Too?
โข Average Target Price: $40.87 (Weโre slightly overbaked at $41.11, but the future looks delicious!)
โข ๐ซ Highest Target: $50 (Sweet profits ahead, just like reaching for that last slice!)
Happy trading ahead, Cheers BC ๐
@Soogle @koolgal @Tiger_comments @Daily_Discussion @TigerGPT @TigerStars @TigerWire @TigerPicks
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Congratulations, BC! I love cheesecake too! ๐ฐ๐ฐ๐ฐ๐ฅ๐ฅ๐ฅ๐ฐ๐ฐ๐ฐ๐ฅ๐ฅ๐ฅ๐ฐ๐ฐ๐ฐ๐๐๐ฅ
Cheesecake Factory (CAKE) Stock Analysis
Business and Industry: Cheesecake Factory is a restaurant company that operates and licenses full-service dining restaurants. It offers a diverse menu that includes appetizers, small plates, pizzas, burgers, sandwiches, salads, fish and seafood, steaks and chops, pasta, and desserts. The company operates in the United States and Canada.
Earnings and Earnings Forecast:
Forecasted EPS for 2024FY: $3.21 USD
Forecasted Gross Income for 2024FY: $3.58 billion USD
Forecasted EBIT for 2024FY: $179.90 million USD
The earnings forecast for the next fiscal years shows expected growth in EPS, gross income, and EBIT.
Recent Trends:
Support Price (as of September 30, 2024): $38.64 USD
Resistance Price (as of September 30, 2024): $40.56 USD
Recent Capital Flow Data (5-day):
September 24: Inflow of 369.57 thousand units
September 25: Outflow of 377.47 thousand units
September 26: Inflow of 341.45 thousand units
September 27: Inflow of 1,329.5 thousand units
September 30: Inflow of 959.39 thousand units
The stock's Profiteer Ratio (as of September 30, 2024): 0.9638
Analyst Viewpoints:
Strong Buy: 33% of analysts
Buy: 5% of analysts
Hold: 43% of analysts
Sell: 19% of analysts
Price Target: The average target price is $40.87 USD, with a high target of $50.00 USD.
Recent News:
As of the latest available information, no recent news specific to Cheesecake Factory (CAKE) has been found.
Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in the stock market involves inherent risks, and stock prices can fluctuate. It is important to conduct further research and analysis before making any investment decisions.
Congratulations ๐ฅ BC ๐ฐ๐ฅ๐ฐ๐ฅ๐