The stock market climbed on Wednesday as investors bet on a Federal Reserve rate cut at its September policy meeting.
Overall, S&P 500 rose 0.3% to 6,467, while NASDAQ went up 0.1% to 21,713.
Tweet of the Day
Blue Owl is one of my holdings in my Growth Portfolio. I think its worth $30. $OWL https://t.co/hq2gxjns6V pic.twitter.com/Ef7ufFxue2
— David Sharek (@GrowthStockGuy) August 8, 2025
Chart of the Day
Here is the one-year chart of Chipotle (CMG) as of July 25, 2025, when the stock was at $47.
Chipotle stock dropped after the company reported dismal sales and earnings. Last quarter, the company delivered just -3% profit growth on 3% revenue growth. Sales growth was driven by the opening of 61 new restaurants, including 47 with Chipotlanes. Meanwhile, same-store sales fell by 4% as consumer behavior remained choppy.
CMG is on the radar for our Growth Portfolio.
Last quarter, David Sharek, Founder of School of Hard Stocks, said that another dip in price is what he was looking for to climb aboard once again. However, after this last dip, the stock is still too high to buy.
