Jim Cramer's Stop Trading! Chipotle Works
Chipotle
(CMG) - Get Report
might be expensive, but it's a solid stock that has momentum, Jim Cramer said Thursday on
CNBC's
"Stop Trading!" segment.
CKE Restaurants
(CKR)
, the owner of Carl's Jr. and Hardee's, is cheaper, but as an investor, you want to buy a company that's expanding and putting up stores, Cramer said.
Chipotle is a "concept" stock that reminds him of
Starbucks
(SBUX) - Get Report
six to eight years ago.
He also recommended reading a Bank of America research report on Starbucks, in which the coffee-shop owner was downgraded to sell. He said he wished the report had been written earlier, but it was very well researched.
At the time of publication, Cramer had no positions in stocks mentioned.
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