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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Here's why Chipotle could finally turn things around: Strategist

Beaten-down burrito giant Chipotle could finally turn things around after its earnings report, scheduled for Tuesday, says one strategist.

"I think it's a good buy; you know, one of the best ways to make money in the market is to buy great companies when they stumble, and it appears that Chipotle has gotten a handle on all of its health problems, and now, at this point, really seems to be seeing a resurgence," Boris Schlossberg, managing director of FX strategy at BK Asset Management, said Monday on "Power Lunch."

The E. coli outbreak at the restaurant chain was declared over in February, but the stock is still down more than 13 percent year to date.

Schlossberg cites social media chatter related to lines returning to Chipotle locations and in the long...


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