Chipotle Mexican Grill (NYSE: CMG) continues to gain momentum with investors in 2021. The stock is up 35% year to date and, looking back long-term, the stock is up about 341% in the last five years. The company is making investors wealthier, so it's really no surprise that some investors are interested in acquiring shares of this strong performer.
However, I am going to suggest that this week it might be best to avoid buying shares of Chipotle. The company is scheduled to report third-quarter earnings on Thursday, Oct. 21. Typically, there can be increased volatility in stock prices around the time of an earnings release, especially when it involves a growth stock.
Given that there are high expectations for Chipotle heading into that latest report and given the challenges that continue to be raised by the coronavirus pandemic, waiting until after the report's release to buy Chipotle stock is probably going to be beneficial. Let me explain.
Source Fool.com