The Dow (NYSE:DIA) broke its 8 day winning streak on Thursday, but that doesn’t mean there weren’t any winners. These 4 stocks gave the market a TGIF boost and are worth looking at as you relax this weekend:
1) Panera Bread Co. (NASDAQ:PNRA): The company is cooking on all burners as shares heat up on strong earnings. Fourth quarter net income increased 21.7% to $36.5 million($1.21 per share). Revenue also grew 16.7% to $428.2 million. The company also provided 2011 earnings guidance of $4.40-$4.45, which beat current analyst estimates of only $4.36.
2) Philip Morris (NYSE:PM): Although the cigarette maker reported a 15% increase in net income for the fourth quarter, shares remain flat. The company earned $1.75 billion (96 cents per share). Analysts were expecting earnings of about 97 cents per share. The company is a cash cow, so this could be a nice time to take a look at this top dividend stock.
3) Chipotle Mexican Grill (NYSE:CMG): Shaking off worries about illegal workers earlier this week, shares of the mexican restaurant (a long-time Wall St. Cheat Sheet Premium Newsletter favorite) jumped higher after reporting blow-out earnings. The company reported a 47% gain in fourth quarter income. Revenue increased 25% to $482.5 million, compared to $387.5 million in last year’s same period.
4) California Pizza Kitchen (NASDAQ:CPKI): Shares traded up after the restraunt reported fourth quarter earnings. Revenues decreased 5.9% to $157.9 million. Comparable restaurant sales also decreased 1.1%. For 2011, the company expects earnings to be .03 cents to .05 cents per diluted share.
Disclosure: No positions
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