Billionaire Bill Ackman has a substantial portion of his portfolio invested in Alphabet and Chipotle Mexican Grill.Billionaire Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund that returned 183% in the five-year period that ended in June 2024. During the same period, the S&P 500 (^GSPC 0.20%) advanced just 102%.Ackman is no stranger to the public spotlight. His failures and successes have been widely chronicled by the media, including the $1 billion he lost betting agai ...

Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said.The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become CEO of Starbucks. But Chipotle’s chief operating officer, Scott Boatwright, will serve as its interim CEO, and some investors said he will provide a steady hand. 3 Bill Ackman said Chipotle is in good hands with the team put ...

The burrito chain just lost its CEO, but some see a buying opportunity.It's been a wild week for Chipotle (CMG 2.69%) after star CEO Brian Niccol stepped down to take the top job at Starbucks.Shares of the burrito roller plunged on the news, falling as much as 14% before closing the session down 7.5%. Niccol does leave a void at the burrito chain, but Wall Street doesn't seem too alarmed.In fact, some analysts see the sell-off as a buying opportunity. Wedbush turns bullish on ChipotleWedbush just upgraded i ...

Market Overview - Investors are rushing to buy stocks following a recent market dip, with the S&P 500 showing a significant bounce back after a near-correction triggered by weak job numbers [1] - Caution is advised as economic data may become more volatile, especially with an upcoming hectic election season [1] - Despite market uncertainties, there are opportunities in undervalued stocks, particularly after corrections, which can yield substantial near-term rewards [1] Intel (INTC) - Intel faces skepticism regarding its ability to recover market share after recent losses to competitors in the chip industry [2] - The company's recent mass layoffs and dividend pause have dampened enthusiasm among shareholders following a disappointing quarterly performance [2] - Mizuho analyst Vijay Rakesh downgraded Intel's stock rating from buy to hold due to shrinking margins and lower sales for new chips [2] Nvidia (NVDA) - Nvidia's stock has rebounded 6.5% in a recent market recovery, having recovered nearly half of its losses from a significant sell-off in July [4] - The stock was previously available at a 27% discount from its all-time high, indicating a potential buying opportunity [4] - The AI sector continues to drive demand for Nvidia's products, despite concerns about overinvestment in AI by companies [5] Chipotle Mexican Grill (CMG) - Chipotle's stock dropped 7.5% in a single session following the announcement of CEO Brian Niccol's departure to Starbucks, reflecting investor concerns over leadership changes [6] - Niccol was recognized as a successful turnaround artist, and his exit raises questions about Chipotle's future performance [6] - Despite the recent decline, Chipotle's stock is down nearly 25% from its all-time high, suggesting potential for recovery as the company maintains its focus on high-quality, healthy food offerings [7]

Chipotle Mexican Grill TodayCMGChipotle Mexican Grill$51.68 -4.19 (-7.50%) 52-Week Range$35.37▼$69.26P/E Ratio55.14Price Target$62.88Add to WatchlistThe news of Brian Niccol’s departure from Chipotle Mexican Grill NYSE: CMG is shocking but not a game-ender because of the culture he instilled in the business. His tenure as CEO altered more than the company’s reputation, setting it on a path for sustained growth that is unlikely to end. The fact that Starbucks NASDAQ: SBUX chose him to lead their ailing franc ...

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 ...

There's no cause for panic.Shares of burrito chain Chipotle (CMG -9.54%) tumbled as much as 14% Tuesday morning after CEO Brian Niccol stunned the industry by announcing his departure to take the top job at Starbucks (SBUX 20.16%).That sell-off wiped roughly $10 billion from Chipotle's market value, showing how respected Niccol is after turning the business around from its E. coli scandal and guiding the stock to monster returns. Starbucks, meanwhile, rocketed 21% higher on the news, adding $20 billion in m ...

Chipotle shares have now dropped more than 25% since the record high set in mid-June.Shares of Chipotle Mexican Grill (CMG -8.35%) are taking it on the chin today. That's because its highly successful leader is leaving the company. But investors may just be panicking, and that's never a winning investment strategy.Chipotle shares plunged as much as 14% and were still trading more than 10% lower in midday trading after the company announced CEO Brian Niccol was leaving to become the new CEO of Starbucks.Nicc ...

Chipotle Mexican Grill Inc (NYSE:CMG) stock is sliding today, down 12.8% at $48.73 at last look, after news that Starbucks (SBUX) is replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Chipotle has appointed COO Scott Boatwright as interim chief executive amid the abrupt c-suite shakeup.For context, Starbucks struggled in recent quarters, seeing pressure from slower demand in the U.S. and China. As Niccol had an extremely successful stint at Chipotle -- even through the pandemic -- with shares u ...

SCOTT BOATWRIGHT, COO AND 7-YEAR CHIPOTLE VETERAN, NAMED INTERIM CEOJACK HARTUNG TO REMAIN WITH COMPANY AS PRESIDENT, STRATEGY, FINANCE & SUPPLY CHAINNEWPORT BEACH, Calif., Aug. 13, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that Brian Niccol, Chairman and Chief Executive Officer, has accepted the role as Chairman and Chief Executive Officer of Starbucks and will be leaving the Company effective August 31, 2024. Niccol has served as Chipotle's CEO since 2018 and as Chairma ...