🟢 CAKE is trading 6% up today on positive momentum and a firm U.S. equity backdrop

CAKE is trading 6% up at $70.00 in pre-market, driven by continued positive momentum and a firm overall U.S. equity backdrop.

• The stock is extending last week’s strong rally, which saw shares rise from $60.30 to $66.04.
• The move occurs despite a lack of fresh company-specific news, such as earnings reports, guidance changes, or analyst actions directly tied to The Cheesecake Factory.