Should You Avoid This Top Stock in 2023?
Stocks continue to make significant gains in 2023, but for the most part, they're still off their highs. In fact, the S&P 500 is up 8% so far this year as investors regain confidence in many top stocks. One of these top stocks is Chipotle Mexican Grill (NYSE: CMG). Chipotle's stock is up 18% in 2023 after losing 20% of its value, which is almost exactly the amount the S&P 500 lost, in 2022.
Chipotle posted a nearly flawless performance last year, and it seemed logical for investors to bolster its sagging price. However, its fourth-quarter earnings missed analyst expectations on both the top and bottom lines. Does that mean this top stock isn't so hot anymore?
Let's see if Chipotle's stock might be worth your interest this year.
Source Fool.com
