Got $1,000? Here Are 2 Stocks To Buy for the Long Term
Although it might seem awfully complicated at first glance, investing in the stock market doesn't have to be a difficult endeavor. It's all about finding great companies with the intention of owning them for a long time. And perhaps the most important thing to do is ignore the noise. As long as the businesses you own are doing well, you can benefit from having peace of mind.
That said, if you have $1,000 you're ready to invest, it's a good idea now to consider allocating that amount equally into Chipotle Mexican Grill (NYSE: CMG) and Costco Wholesale (NASDAQ: COST). Let's take a closer look at why these companies deserve your hard-earned savings.
For the 2022 fourth quarter (ended Dec. 31), the Tex-Mex restaurant chain posted revenue of $2.2 billion (up 11.2% year over year) and diluted earnings per share of $8.02 (up 71%). Both numbers were impressive, no doubt, but they disappointed Wall Street analysts. Same-store sales, or comps, were up 5.6%.
Source Fool.com
