After spending over six years as CEO of Chipotle Mexican Grill (NYSE: CMG), Brian Niccol announced his departure due to his new appointment at Starbucks (NASDAQ: SBUX), starting from September 1.During his tenure, CMX stock has risen over 773%, boasting a performance that was only matched by a few other companies from the S&P 500.The effect of Niccol’s departure was immediately felt, as CMG shares closed the August 13 trading session at $51.68 after losing 7.50%. However, pre-market trading shows signs of r ...

Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.In the last 30 days, Lockheed Martin (NYSE: LMT), in particular, has seen positive stock market action, driven by an impressive earnings report in July, approval of sales of military hardware worth some $20 billion to Israel, continued operations in Ukraine, and the ...

Technology giant Apple (NASDAQ: AAPL) is among the blue-chip companies recording increased cases of insider trading, an element likely hinting at the next trajectory of the equity.Insider trading has notably accelerated as AAPL recovers following lows earlier this year. After hitting a yearly low of around $165 in April, Apple has surged over 33%. At press time, the stock was valued at $221, reflecting year-to-date gains of almost 20%.AAPL YTD stock price chart. Source: Google Finance It’s worth noting that ...

Leadership can make all the difference, as Starbucks (NASDAQ: SBUX) stock has shown with its largest one-day gain in history, which amounted to 24.5% after the company appointed former Chipotle (NYSE: CMG) CEO Brian Niccol as its new boss.Niccol became Chipotle’s CEO in 2018, and since then, CMG stock has surged 773%, being outperformed by only nine companies from the S&P 500 during this period.His effect on SBUX stock was immediately felt, as the 24.5% daily gain on the stock market replicated an increase ...

In a rare occurrence, the Department of Justice is weighing on whether to break up Alphabet (NASDAQ: GOOGL) after an antitrust ruling that claims that the search engine giant monopolized the search market. After Judge Amit Mehta's August 5 ruling found GOOGL guilty of looking up 90% of the search engine market, the Dol is considering whether to force Alphabet to divest from its key ventures, such as Android, Chrome, and its AdWords platform, in a move that could seriously impact the company. The most recent ...

After an extended period of lackluster performance in the stock market amidst a boycott over its perceived stance on the conflict in Palestine, rising competition in China, and after contending for years with a nationwide drive to unionize stores, Starbucks (NASDAQ: SBUX) made an abrupt management change on August 13.The shares of the coffee giant quickly reacted to the news that Laxman Narasimhan, handpicked by Starbucks’ previous head, Howard Schultz, has stepped down and that the CEO of Chipotle (NYSE: C ...

A stock trading expert has outlined Nvidia’s (NASDAQ: NVDA) price trajectory in the coming months, projecting its path toward the $140 mark.In an X post on August 13, analyst Peter DiCarlo pointed out that the semiconductor giant’s recent market movements align with anticipated trends, showing a noteworthy bounce off a crucial support level at $94.He acknowledged that the ability to end the August 12 trading session with gains of 4% is a positive sign that fits within the expected market behavior. NVDA one- ...

The recent stock market pullback left investors worried that future reports on the U.S. economy might negatively affect their portfolios, especially with July inflation, retail sales, and initial jobless claims data set to be released this week.Analysts at UBS caution that markets remain highly sensitive to any economic data that falls short of expectations, which could lead to increased volatility as recession fears linger. While this doesn’t necessarily indicate an immediate return to upward momentum, the ...

For years, United States politicians have built a reputation for favoring defense stocks, coinciding with escalating global geopolitical tensions.Among the preferred stocks is Lockheed Martin (NYSE: LMT), a leading global aerospace, defense, and security company. The equity has soared significantly in recent months, closing at $556 on August 12. Year-to-date, LMT is up over 22%, and the stock has surged 20% in the last month alone.Consequently, these stock returns have translated into notable profits for se ...

As Nvidia (NASDAQ: NVDA) stock moves to recover from the price declines it suffered in recent weeks amid fears that the artificial intelligence (AI) hype might be over, different AI models have conveyed general optimism regarding its price performance toward the end of this year.Indeed, Nvidia stock price rose nearly 5% this week after losing ground in July and earlier in August, at least partially reacting to Bernstein analyst Stacy Rasgon’s argument that the three-month delay in the company’s next-generat ...