John Stephenson Shake Shack Inc SHAK-N TOP PICK Sep 23, 2016

The stock looks great now, and has had a great run recently, though $30 off its all-time high. No reason to sell it.

Time to add? They are only in 26 states so far, so there is a long playing field for SHAK-N. It trades at a high multiple, so if they disappoint it can become very painful quickly. Be cautious. He prefers to own the established names like SBUX-Q or CMG-N.

Maybe the US consumer is slowing, but remember that they continue to expand across the world take share in those places. They've done everything that a growing company should do, including hiring a CEO (from Papa John's) who can expand and has expanded a company.

Is -7% the last month, a weak year so far. At a 34 RSI and is very oversold. They guided revenue at +16-17% this year. If it reports that next Thursday when they report, this is a good set up.

Quality food and good managers. Buy 50-75 shares initially.

Consumer discretionary hasn't held up, because consumer sentiment has fallen, taking SHAK down. But SHAK's fundamentals remain the same. RSI is at 30, so is oversold. That said, it's trendless and this is not a buying opportunity. It could be rangebound for a while. He's long-term and will hold. Traders love it here, though.

Just reported a mixed quarter, but rallied. The stock has bottomed. Report a slight revenue miss with a same-store sales growth and trimmed their full-year revenue forecast. 

They reported last week that they will open 40-50 new locations this year. He's long.