McDonald's faces a potential decline in sales due to the weight loss medications. Other fast-food chains like Domino's and KFC are also at risk, while Taco Bell and Chipotle are better positioned.
Let's delve into the developments on the US markets in the middle of the day on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
CHIPOTLE MEXICAN GRILL (NYSE:CMG) shows strong growth fundamentals and a technical breakout pattern, making it a stock to watch for investors seeking high-quality growth opportunities.
Campbell's CEO reports increased stovetop usage due to consumers seeking value and savings. Sales of pantry staples rise while eating out gets pricier.
Over the past six months, Chipotle’s shares (currently trading at $50.50) have posted a disappointing 17.9% loss while the S&P 500 was down 2.5%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
