CNBC’s Jim Cramer on Thursday said companies that perpetually generate “self-help” are poised to do well in this market. In other words, they find ways to grow and perform well despite what might be happening in the broader economy.
He pointed specifically to Chipotle Mexican Grill, saying the restaurant chain can succeed even as the economy starts to slow and inflation remains high.
“When we’re looking for reasons to buy a stock in this environment, we want companies that generate constant self-help. Chipotle does it by improving throughput — how many people that they can serve, say, every 15 minutes,” he said. “It just keeps getting better and better and that’s got nothing to do with GDP or inflation woes.”
The fast-casual chain reported quarterly earningsWednesday and greatly exceeded Wall Street’s expectations. Chipotle said its traffic increased and sales grew even though it raised prices. By Thursday’s close, the company’s shares …