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Today we are watching…
1.ย Fiverr International (#fvrr)
Fiverr is frontpage of the gig economy, with thousands of buyers and sellers doing business in the micro-freelance world. Since an initial public offering in June, the Israeli start-upโs stock has been hit and miss, much like the $5 logo design services offered on its website! Shares almost doubled on day one, but have since fallen as investors question lower revenues than rival Upwork. By remodeling Fiverrโs image, however, CEO Micha Kaufman is ironically hoping for less $5 gigs, more higher-paying services, and perhaps even profitability. In only its second quarterly earnings call, the firm is aiming to do better than a 19-cent loss on $26 million in revenue!ย ย ย ย ย ย
2. Chipotle Mexican Grill (#chipotle)
Everyoneโs a winner at quick and casual diner Chipotle, with the restaurant delivering good news about its hugely popular tender cut steak, carne asada. The limited-time-only menu item will be extended into 2020, as it brings in new customers, new profit margins, and new stock highs. Carne asada is dear, so its popularity also sends very positive signals about the pricing power of Chipotle. However, as we embark on the yearโs final quarter, investors are crossing their fingers that history doesnโt repeat itself with more food safety scandals. Time will tell!