Tag: Expect

Technology Sector Outlook: What Investors Can Expect | The Smarter Investor

The technology sector is once again the top-performing sector in the stock market.

This sector has gained more than 30% year to date, as measured by the Technology Select Sector SPDR Fund (ticker: XLK). As good as the performance of XLK has been this year, the exchange-traded fund’s rise was better last year when it enjoyed nearly a 50% gain.

Technology leading the way is not new, as this will be the third time in four years it has been the top-performing sector.

The last sector to stay atop the leader board this long was energy back in 2004, 2005

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Chipotle Had a Great Quarter. Expect More Store Openings and Investment in Technology, CEO Says.

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Bags of tortilla chips sit on display at a Chipotle Mexican Grill restaurant

Luke Sharrett/Bloomberg

Chipotle Mexican Grill

is falling 4% in late trading, despite a better-than-expected third quarter. Its CEO tells Barron’s that the burrito maker’s recent success is a window into the restaurant’s future, powered by ongoing investments in technology and ethical food.

Chipotle (ticker: CMG) said it earned an adjusted $3.76 a share, on revenue that rose 14.1% to $1.6 billion. Analysts were looking for Chipotle to earn $3.47 a share on revenue of $1.59 billion.

Chief Executive Officer Brian Niccol spoke with Barron’s after

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