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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
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Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Poverty and inflation: Egypt's economy hit by global turmoil
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Labour conference starts with focus on 'immoral' tax cuts
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Poverty and inflation: Egypt's economy hit by global turmoil
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Labour conference starts with focus on 'immoral' tax cuts
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Poverty and inflation: Egypt's economy hit by global turmoil
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Labour conference starts with focus on 'immoral' tax cuts
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Poverty and inflation: Egypt's economy hit by global turmoil
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Labour conference starts with focus on 'immoral' tax cuts
German leader continues Gulf tour with stops in UAE, Qatar

Chipotle Stock Contending With Key Trendline

Chipotle Mexican Grill, Inc. (NYSE:CMG) hasn't been covered in this space since late July, when the fast casual restaurant giant gapped higher in the wake of a blowout earnings report. A little under two months later, how has CMG fared?

Chipotle stock’s valuation continues to be inflated at a forward price-earnings ratio of 39.22 and a price-sales ratio of 5.89. But on the charts, CMG is contending with its year-to-date breakeven level, with support in place at its ascending 30-day moving average. 

CMG Stock Chart

Nonetheless, the restaurant company's relatively safe fundamentals have served as a justifying factor for CMG's high price. Chipotle has proven to be one of the fastest growing companies in the food industry that has remained profitable for several years as well. CMG has grown its annual revenues and net income 67.5% and 328.3%, respectively, since fiscal 2018, reporting 26.1% top line growth and 83.5% bottom line growth for fiscal 2021.

Furthermore, the restaurant business is estimated to end fiscal 2022 with a 15.8% increase in revenue and a 29.3% increase in earnings. CMG is also expected to generate 13.7% revenue growth and 29.9% earnings growth for fiscal 2023, making Chipotle stock one of the lower risk growth plays available, despite its high valuation.

10 Recession-Proof Stocks That Will Let You Wait Out the Bear

Whoever coined the expression that patience is a virtue probably never invested money in the equity markets. It can be excruciating to see a stock's price plummet. And that's particularly true when the stock was possibly at all-time highs just one year ago.

Here's the good news. In some cases, the reasons you liked the stock still exist. If that's true, then there's reason to believe that the stock price may recover.

The bad news is there's no way to know for sure when that will be. And anyone who says they do is not telling you the truth.

So what's an investor to do? We believe the answer is to be selective. And right now that means looking at best-in-class stocks that are built to ride out recessions.

In this special presentation, we'll give you seven stocks to consider as you look for safe stocks that give you an opportunity for growth and that pay a dividend for good measure. Here are the 7 recession-proof stocks that will let you wait out this bear market.

View the "10 Recession-Proof Stocks That Will Let You Wait Out the Bear".

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