TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said Chipotle needs to show some improvement in same store sales and that investors should buy the stock if it dips under $450. As for Starbucks, Cramer said many have asked for a long time whether the bull market in the stock is over and he believes investors should listen to what the coffee chain said in its conference call last week and then make a call on whether or not to own it, but he does say it is ‘one of those high multiple stocks, and those are for sale right now.’
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