$CAKE
Cheesecake Factory Inc.
PRICE
$32.82 ▲1.109%
Last Close
VOLUME
500,777
DAY RANGE
31.89 - 32.99
52 WEEK
25.03 - 40.31
Join Discuss about CAKE with like-minded investors
@thegiz18 #ivtrades
Right, who needs electricity, water, heat, food. Let them eat bugs. At least the French said let them eat cake.
127 Replies 9 👍 13 🔥
@Atlas #Emporos Research
soybeans hit 1546 one month ago , it hit the same number this week , and bang dropped like cake to 1525 , one hell of a resistance line
55 Replies 9 👍 13 🔥
@Atlas #Emporos Research
soybean is cake , but i dont know how good the cream is . . .
108 Replies 6 👍 6 🔥
@trademaster #TradeHouses
By Xie Yu and Summer Zhen HONG KONG (Reuters) -Hong Kong stocks slid to 13-year lows on Monday and onshore yuan fell to its weakest level in 15 years after Xi Jinping's newly unveiled leadership team heightened fears that economic growth will be sacrificed for ideology-driven policies. The Hang Seng index slumped 5% in early afternoon trade, touching levels last seen during the 2008-2009 global financial crisis. Hong Kong-listed shares of tech giants Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings (OTC:TCEHY) Ltd plunged 10% and 8% respectively, dragging the Hang Seng Tech Index down 7% to a record low. Hong Kong-listed Chinese developers plummeted 9% to record lows. Both the property and tech sectors have been targeted for far greater regulation under Xi. Xi secured a precedent-breaking third leadership term on Sunday and introduced the new Politburo Standing Committee stacked with loyalists. The appointments "show China moving from economic pragmatism to political ideology," said Ales Koutny, emerging markets portfolio manager at Janus Henderson Investors. "The message here is clear: COVID Zero lockdowns, shared prosperity agenda and sectorial crackdowns are not going anywhere," he said, adding that he believed these risks would limit China's annual economic growth to just 2-3%. China's gross domestic product (GDP) rose 3.9% in the July-September quarter year-on-year, official data showed on Monday, rebounding at a faster-than-expected pace but that was not enough to cheer investors. FOREIGN OUTFLOWS Stocks declines were more moderate for mainland markets which are less vulnerable to foreign selling and were bolstered by a surge in Chinese defence-related stocks as investors bet geopolitical tensions, particularly over Taiwan, will intensify. China's bluechip CSI300 index lost 2.3%, while the Shanghai Composite Index lost 1.4%. Onshore yuan fell to its weakest level in 15 years. Offshore yuan, in which trade began from 2011, slipped to as low as 7.2790 per dollar, near its record low. The cross-border China-Hong Kong Stock Connect saw a net outflow of roughly 9.2 billion yuan ($1.3 billion) on Monday morning. "The short-term negative factor remains China's extremely harsh COVID policies, which have hit foreign investors' confidence toward China," said Yuan Yuwei, fund manager at hedge fund house Water Wisdom Asset Management. Ravaged by China's zero-COVID policy, which seeks to stamp out all outbreaks and has resulted in frequent lockdowns, sectors such as tourism, leisure as well as hotel and catering saw steep declines. COMMON PROSPERITY During the Communist Party's 20th Congress, Xi reaffirmed his Common Prosperity drive, vowing to distribute income more fairly, and "standardise wealth accumulation mechanisms." He also emphasised national security, saying China should secure supply chains, sufficient grains and energy as well as work towards technological self-reliance. An amendment to the Communist Party's constitution enshrined "developing fighting spirit, strengthening fighting ability", while a call to oppose and deter forces seeking independence for Taiwan was also included for the first time. With investors dumping internet companies and property developers, some of those funds were re-directed into chipmakers, high-end equipment producers and defence stocks. Minyue Liu, Greater China investment specialist at BNP Paribas (OTC:BNPQY) Asset Management, said that her portfolio has reduced its exposure to stocks vulnerable to an increase geopolitical risks, favouring instead shares related to tech innovation, industrial upgrades and energy transition. Some investors are less pessimistic, arguing China's new leadership team is well aware of the importance of economic growth. "I think that there's growing consensus among policymakers, that one priority should be to make the economic cake bigger, through quality growth," said Mark Dong, general manager of Minority Asset Management (Hong Kong). ($1 = 7.2535 Chinese yuan)
62 Replies 11 👍 13 🔥
Key Metrics
Market Cap
1.68 B
Beta
0
Avg. Volume
1.14 M
Shares Outstanding
51.35 M
Yield
3.23%
Public Float
0
Next Earnings Date
2023-08-02
Next Dividend Date
Company Information
the cheesecake factory incorporated created the upscale casual dining segment in 1978 with the introduction of its namesake concept. as a leader in the upscale casual dining industry we offer many exciting and rewarding career opportunities for staff members to blaze their own trail of success. at the cheesecake factory we offer both restaurant manager and kitchen manager opportunities in our 3 concepts. our management career paths offer 5 levels of management. we hire restaurant and kitchen managers and provide them an opportunity to grow and develop at a self-directed pace to general manager and executive kitchen manager. at our corporate center located in calabasas hills, ca we support our many business units including 3 restaurant concepts and 2 bakery facilities. our corporate headquarters are comprised of several departments - construction, design, executive management, guest services, legal, purchasing, risk services, finance, human resources, marketing, performance development,
CEO: David Overton
Website: thecheesecakefactory.com
HQ: 26901 Malibu Hills Rd Calabasas Hills, 91301-5354 California
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