Iconic Burger Chain's Stock Rallies, Defying Market Trends

The broader stock market is causing investors a little pain to start the month of August, as the S&P 500 is declining by as much as 0.75%. The NASDAQ is lowering by over 1%, despite the Federal Reserve (the Fed) announcing that an interest rate cut is on the table for September 2024 and the CME’s FedWatch tool pricing in an over 90% probability of this happening; markets are selling off.Shake Shack TodaySHAKShake Shack$102.41 +14.79 (+16.88$52.79▼$111.29P/E Ratio186.20Price Target$99.26Add t ...