Wall Street Just Downgraded Chipotle Stock. Here's What Investors Should Do Next.
Key takeaways
- CMG NVDA INTC Consumer confidence isn t in the proverbial tank, but the Conference Board s May reading was 93.1, below the 93.8 posted in April.
- Throw in the war in Iran, and it s not surprising that some investors are leery regarding consumer discretionary stocks.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
CMG NVDA INTC Consumer confidence isn t in the proverbial tank, but the Conference Board s May reading was 93.1, below the 93.8 posted in April. In fact, the Consumer Confidence Index isn t far off some of the levels seen during the COVID-19 pandemic.
Throw in the war in Iran, and it s not surprising that some investors are leery regarding consumer discretionary stocks. The conflict in the Middle East is a major driver of resurgent inflation, and as consumers tighten their belts, some fast-food stocks are being pinched, including Chipotle Mexican Grill (NYSE: CMG).
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »