1 Growth Stock Poised to Do Just Fine Despite a Bear Market
There aren't many places investors can hide in a bear market. Look across Wall Street, and you'll see an ocean of stocks that have fallen 25%, 50%, and even 80% from their highs. Fears of a recession could worsen. Companies are lowering guidance and, as Jeff Bezos recently tweeted, they should be ready to "batten down the hatches."
But what if I told you there's a stock that isn't just growing, but the products it sells could thrive in a recession? That company is Chipotle Mexican Grill (NYSE: CMG), the quick-service restaurant chain with a cult-like following. I'll break down the company's financials and explore why the stock offers safety today and potential upside.
Chipotle is a Mexican restaurant chain that operates primarily in the United States. It has 3,090 stores and is opening roughly 40 to 50 new locations every quarter. The brand seems to have found a niche with consumers among all the burger chains, pizzerias, and the like. The company uses fresh ingredients, differentiating it from more-casual Mexican fast-food chains like Yum! Brands' Taco Bell.
Source Fool.com
