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Don't 'Chase' Dollar Tree (DLTR) Stock, Ritholtz Wealth's Brown Says

NEW YORK (TheStreet) -- Shares of Dollar Tree (DLTR) were popping by 8.57% to $89.02 in mid-afternoon trading on Tuesday, after the discount store reported 2016 third quarter earnings that beat expectations.

Before today's opening bell, Dollar Tree reported earnings of 81 cents per share, beating Wall Street estimates of 78 cents per share. Revenue rose 1.1% year-over-year to $5 billion, but missed expectations of $5.06 billion.

"Strong profits" and "expense controls" are what stands out from these results, rather than the sales number,...