Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.

Chipotle выглядит как качественный, но уже дорогой бизнес: операционная рентабельность и доходность капитала остаются очень сильными, однако оценка рынка явно опережает фундаментальные темпы. P/E около 29.8 выше медианы отрасли, а P/S, P/B и P/FCF находятся существенно выше отраслевых уровней, что оставляет мало запаса прочности для переоценки. При этом динамика мультипликаторов в последние периоды в целом улучшается: P/S, P/B и P/FCF снижаются от более высоких значений, но всё ещё остаются на повышенных уровнях. Рентабельность впечатляет: ROE около 47%, ROA около 16.8% и return on tangible equity выше 47% значительно превосходят отрасль, а чистая и операционная маржа также заметно выше медианы. С другой стороны, валовая маржа ниже отраслевой медианы и постепенно снижается, что указывает на давление на себестоимость и ограничивает потенциал дальнейшего расширения прибыли. Выручка и абсолютная прибыль остаются высокими относительно сектора, но по годам видна неравномерность: после более сильных уровней середины периода показатели прибыли и EBITDA несколько ослабли. Баланс выглядит устойчиво благодаря нулевому долгосрочному долгу и очень низкой долговой нагрузке, что снижает финансовые риски. Однако текущая и быстрая ликвидность не выглядят выдающимися, а текущий коэффициент ниже отраслевой медианы, поэтому запас оборотной ликвидности умеренный. Дивидендов нет, значит инвестор не получает защитного денежного потока, и вся ставка делается на рост бизнеса и мультипликаторную оценку. В сумме фундаментал поддерживает премию к слабым конкурентам, но не оправдывает агрессивное повышение цели, поскольку компания уже торгуется с заметной премией к отрасли. Для инвестора это скорее история качественного, устойчиво прибыльного ресторатора с ограниченным апсайдом из-за высокой оценки и признаков замедления маржинального импульса.

Chipotle Mexican Grill, Inc.

Сильный индекс, без изменений. Быки в растерянности.

Strong index, flat. The bulls are confused.

Сильный индекс, без изменений. Рынок на стороне быков.

Strong index, flat. The market is on the bulls' side.

Сильный индекс, значительно вырос. Приток средств в лонги на высоком уровне.

Strong index, significantly up. Inflow of funds into longs at a high level.

Сильная рентабельность и почти бездолговой баланс поддерживают CMG, но высокая оценка и давление на валовую маржу ограничивают потенциал переоценки.

Friday, June 12, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp. (COST), Lam Research Corp. (LRCX) and KLA Corp. (KLAC), as well as two micro-cap stocks Blue Ridge Bankshares, Inc. (BRBS) and AXIL Brands, Inc. (AXIL). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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You can read today's AWS here >>> SpaceX IPO Crowds Pre-Market Sentiment
Today's Featured Research Reports
Shares of Costco have gained +13.7% over the past six months against the Zacks Retail - Discount Stores industry’s gain of +14%. The company remains well-positioned due to its differentiated membership-based warehouse model, strong value proposition and loyal customer base. It continues to benefit from recurring membership income, high renewal rates and growing engagement from higher-value members.
Costco’s focus on offering quality merchandise at competitive prices supports steady traffic and reinforces customer loyalty. Costco is also enhancing its digital ecosystem through e-commerce, personalization tools, AI-driven product discovery and convenient fulfillment options, helping improve the member experience.
Also, the company is expanding its warehouse footprint and investing in productivity-enhancing initiatives to support long-term growth. Backed by a strong balance sheet, Costco is well-positioned to strengthen its market leadership and drive sustainable growth over time.
(You can read the full research report on Costco here >>>)
Lam Research’s shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+120.9% vs. +50%). The company is benefiting from AI-driven increases in demand for deposition and etch tools across memory, foundry and advanced packaging industries.
Management lifted its calendar year 2026 WFE outlook and sees growth continuing into 2027 as customers work through capacity and cleanroom constraints. Record Q3 results and a higher Q4 outlook reflect momentum in leading-edge foundry and HBM-driven DRAM, while NAND conversion activity is being pulled forward.
Customer Support is scaling with a larger installed base and new productivity services that can lift output and yield. Strong cash flow and an aggressive shareholder return policy are other positives. However, global spending on mature nodes is likely to remain soft in the near term. Growing trade and tariff tensions between the United States and China are a concern.
(You can read the full research report on Lam Research here >>>)
Shares of KLA have outperformed the Zacks Electronics - Miscellaneous Products industry over the past six months (+97.4% vs. +51.7%). The company continues to benefit from AI-driven spending in leading-edge foundry/logic, high-bandwidth memory and advanced packaging, supporting market share gains in process control and steady services growth that helps anchor cash generation.
Management expects its advanced packaging portfolio revenue to rise to about $1 billion in 2026 and sees wafer equipment demand strengthening into 2027, with June quarter guidance calling for another step up in revenue. A high free cash flow profile supports ongoing dividends and repurchases, including a higher quarterly dividend and a new $7 billion authorization.
However, KLAC’s prospects remains balanced for now given export control and tariff uncertainty, customer concentration, and gross margin sensitivity to elevated DRAM-related system costs expected to persist through at least 2026.
(You can read the full research report on KLA here >>>)
Blue Ridge Bankshares’ shares have outperformed the Zacks Banks - Northeast industry over the past year (+41.6% vs. +40%). This microcap company with a market capitalization of $298.51 million is transitioning to a traditional community banking model post-completion of its regulatory remediation efforts. Capital remains above regulatory requirements despite a large special dividend, while liquidity is strong and credit quality continues to improve.
The exit from fintech-related activities has simplified operations, while brokered deposit reduction and expense controls support a leaner model. Yet, earnings remain pressured by balance-sheet contraction, lower loan yields and reduced revenue diversification. Profitability still relies partly on non-core items, while the loan portfolio remains concentrated in real estate.
The valuation reflects investor caution toward earnings recovery. While the successful execution of growth and profitability initiatives could drive upside, failure to rebuild sustainable core earnings may limit shareholder returns.
(You can read the full research report on Blue Ridge Bankshares here >>>)
Shares of AXIL Brands have outperformed the Zacks Consumer Products - Staples industry over the past year (+24.4% vs. -7.5%). This microcap company with a market capitalization of $44.18 million sees its investment thesis driven by its core hearing enhancement and protection business, supported by expanding retail and online distribution.
AXIL Brands is building a more diversified revenue base by complementing its direct-to-consumer model with a growing wholesale presence. Despite tariff-related pressure and elevated marketing spending, AXIL has remained profitable while investing in growth, reflecting disciplined execution. The emerging marketing services segment provides a potential high-margin, complementary revenue stream by leveraging existing digital marketing capabilities.
Additionally, the hair and skin care business offers strategic optionality, with corporate actions creating flexibility for future value-maximizing opportunities while management remains focused on scaling the core hearing platform.
(You can read the full research report on AXIL Brands here >>>)
Other noteworthy reports we are featuring today include Kinder Morgan, Inc. (KMI), Chipotle Mexican Grill, Inc. (CMG) and Cytokinetics, Inc. (CYTK).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Kinder Morgan's (KMI) Take-or-Pay Contracts Support Stable Cash Flows
Per the Zacks analyst, Kinder Morgan's earnings and cash flows are anchored by long-term take-or-pay contracts, which protect it from commodity price swings and other macro headwinds.
Chipotle (CMG) Banks on Strategic Initiatives, High Costs Ail
Per the Zacks analyst, Chipotle's focus on Recipe for Growth strategy, unit expansion and Zipline pilot bode well. However, the uncertain macro environment and high costs pose concerns.
Myqorzo Approval Fuels Cytokinetics (CYTK), Regulatory Setbacks a Woe
Per the Zacks analyst, the FDA approval of Myqorzo is a significant boost for Cytokinetics given the market potential. However, regulatory setbacks are a major concern for other pipeline candidates.
Tenant Demand, Strategic Acquisitions Support Vornado's (VNO) Growth
Per the Zacks analyst, Vornado benefits from strong tenant demand for premium office space, strategic acquisitions and adequate liquidity despite New York assets concentration and competition.
Key Acquisitions, Rising Air Travel Demand Boost AAR Corp. (AIR)
Per the Zacks analyst, AAR Corp. is expected to see strong growth in its parts supply business, supported by rising air travel demand. Disciplined acquisition strategy will also boost its growth.
Tissue Reconstruction Momentum Aids Integra (IART), FX Woes Stay
The Zacks analyst is impressed with Integra LifeSciences' robust Tissue Reconstruction performance, led by Integra Skin, DuraSorb and the PriMatrix launch. Adverse currency impacts may hurt results.
AEG Buyout Enhances ICF's (ICFI) Offerings Amid High Costs
Per the Zacks analyst, Applied Energy Group's (AEG) suite of technology and advisory services to electric and gas utilities improves ICF's offerings. Rising costs are an overhang.
New Upgrades
Credit Sales, Receivables Growth Drive Bread Financial (BFH)
Per the Zacks analyst, Bread Financial is set to grow on credit sales growth driven by existing partners, as well as new product and brand partner additions. Yet, high expenses weigh on margins.
Central Garden & Pet (CENT) Benefits From Digital and Cost Initiatives
Per the Zacks analyst, Central Garden & Pet is expanding through e-commerce growth, innovation, and cost efficiencies. The Cost and Simplicity program is streamlining operations.
Helen of Troy (HELE) Gains on Strength in Leadership Brands
Per the Zacks analyst, Helen of Troy is benefiting from strong performance in its Leadership Brands, with growth in key categories, improved pricing and continued innovation supporting its outlook.
New Downgrades
Weak Demand & Cost Pressures Ail International Paper (IP)
The Zacks analyst is concerned that weak demand in end markets coupled with higher input costs and maintenance outage expenses will continue to impact International Paper's results.
Plexus (PLXS) Faces Near-Term FCF Pressure Amid Growth Push
Per the Zacks analyst, the free cash flow outlook cut and healthcare softness add near-term risk for Plexus even as strong program wins and demand support a strong outlook.
Lower IT Spending to Hurt DXC Technology's (DXC) Prospects
Per the Zacks analyst, DXC Technology's growth prospects might be hurt by soft IT spending as organizations are pushing back their large IT investment plans amid the macroeconomic headwinds.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Costco, Lam Research & KLA

Shares of Chipotle Mexican Grill, Inc. CMG have declined 37.8% in the past year compared with the Zacks Retail - Restaurants industry’s 8% drop. Over the same timeframe, the stock has underperformed the S&P 500’s growth of 25.2%.
The pullback reflects mounting concerns over Chipotle’s underlying demand profile and profitability outlook. The company emphasized a more cautious consumer backdrop, while traffic trends remained modest and sales mix continued to face pressure from lower group sizes and changing purchasing patterns. At the same time, persistent inflation across key inputs, wage pressures and higher operating costs have weighed on margin expansion. These dynamics have likely prompted investors to reassess the sustainability of Chipotle’s historically strong growth and profitability trajectory, prompting a more cautious view of the stock.
CMG One-Year Price Performance
Image Source: Zacks Investment Research
From a technical perspective, CMG stock is currently trading below its 50-day moving average, signaling a bearish trend.
CMG Stock Trades Below 50-Day Moving Average
Image Source: Zacks Investment Research
Given the sharp pullback in Chipotle’s shares, investors may be tempted to view the decline as a buying opportunity. But with margin pressure and cautious consumer trends still in focus, is now the right time to buy CMG or stay on the sidelines? Let’s take a closer look.
What’s Pressuring CMG Stock?
Chipotle’s stock is facing pressure from softer profitability trends despite management’s focus on improving restaurant execution, menu innovation and guest engagement. The company noted that margins remain under pressure as pricing is running below inflation, limiting its ability to fully offset higher costs.
Cost inflation remains a key headwind, particularly in beef, freight, avocados, dairy and other food items. While some commodities have been favorable at times, management expects the cost of sales to remain pressured as higher input costs offset modest pricing benefits.
Labor and operating expenses are also weighing on profitability. Wage inflation, lower average restaurant sales volumes, higher benefits expense, increased marketing spending, utilities and delivery costs have all added pressure. Chipotle is also reinvesting efficiency gains from new equipment and technology back into the restaurants rather than using them immediately to expand margins.
The broader concern is that management remains cautious about the consumer environment. While initiatives such as limited-time menu offerings, rewards, restaurant execution and equipment upgrades are gaining traction, Chipotle is still guiding conservatively due to uncertain demand conditions, geopolitical pressure and higher gas prices.
Can Chipotle Overcome the Headwinds?
Chipotle appears focused on offsetting near-term cost and consumer pressures through stronger restaurant execution, menu innovation and deeper guest engagement. Management believes its Recipe for Growth strategy is beginning to gain traction, supported by improvements in hospitality, throughput and operational consistency.
Menu innovation remains an important lever. The company is increasing the cadence of limited-time offerings, including proteins, sauces, sides and beverages, to drive incremental visits and keep the brand relevant with guests. Management also noted that these launches can support both new customer trial and repeat frequency over time.
Chipotle is also leaning on technology and equipment upgrades to improve restaurant performance. Its high-efficiency equipment package, digital make-line display and AI-enabled tools are designed to improve speed, accuracy, prep efficiency and manager productivity. The company is using those gains to improve throughput, hospitality and the overall guest experience, rather than treating them mainly as near-term cost-saving tools.
Chipotle also has several fundamentals that may help it manage these pressures. The company maintains a strong balance sheet with no debt, continues to generate consistent new restaurant economics and still sees a long-term path toward 7,000 restaurants. At the operating level, management is using rewards, menu innovation and high-efficiency equipment to support traffic, throughput and food quality, while progress in Europe adds another layer to the company’s long-term growth story.
CMG Stock Valuation Insights
Over the past 60 days, the Zacks Consensus Estimate for Chipotle’s fiscal 2026 earnings per share (EPS) has declined from $1.14 to $1.13. Over the same time frame, estimates for industry players, including Brinker International, Inc. EAT, CAVA Group, Inc. CAVA and Yum! Brands, Inc. YUM, have increased 0.5%, 10% and 2.1%, respectively.
CMG Earnings Estimate Trend
Image Source: Zacks Investment Research
Chipotle stock is currently trading at a premium. CMG is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 25.4, well above the industry average of 22.42, reflecting an attractive investment opportunity. Other industry players, such as Brinker, CAVA and Yum! Brands, have P/E ratios of 12.86, 142.54 and 21.68, respectively.
CMG’s P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
Our Thoughts on CMG Stock
Chipotle’s sharp pullback may make the stock look more appealing to long-term investors, but near-term caution still appears warranted. The company’s strong balance sheet, long-term unit growth runway, menu innovation, rewards push and operational investments support its broader growth story.
However, modest traffic growth, margin pressure, a cautious consumer backdrop and downward earnings estimate revisions suggest that a meaningful recovery may take time. CMG’s premium valuation also leaves limited room for execution missteps, especially when peers are seeing stronger estimate momentum.
Given the stock’s bearish technical setup and ongoing profitability headwinds, investors may prefer to hold steady and wait for clearer evidence of sustained traffic improvement and margin stabilization before becoming more constructive on the stock.
Chipotle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chipotle Stock Falls 38% in a Year: Should You Buy Now or Hold Steady?

CAVA Group, Inc. CAVA is raising its restaurant opening target as new units continue to deliver strong early productivity. The company now expects to open 75-77 net new CAVA restaurants in fiscal 2026, up from its prior outlook of 74-76, signaling confidence in its development pipeline and long-term expansion opportunity.
In the first quarter of fiscal 2026, CAVA opened 20 net new restaurants, ending the period with 459 restaurants across 29 states and Washington, D.C. The restaurant base increased 20.2% year over year, reflecting continued progress in national expansion. During the quarter, the company reported new market openings in Cincinnati, St. Louis and Columbus and stated plans to open in Minneapolis later this year.
CAVA’s growth momentum is being supported by strong new-unit economics. The company said its 2026 restaurant cohort is tracking in line with or ahead of the strength of its 2025 class, with first-quarter new restaurant productivity trending above 100%. Management also noted that new openings continue to exceed expectations in both top-line and margin performance, while systemwide AUVs reached approximately $3 million.
Management indicated that results remain strong across geographies, formats and market types, suggesting that the concept continues to resonate beyond its more established markets. The 2025 vintage is also performing similarly to the 2024 class, indicating that recent cohorts are holding up well as they mature into the comp base.
For CAVA, the raised opening outlook strengthens the case that growth momentum can continue, supported by strong new-unit productivity, broad market acceptance and healthy cohort performance. The consistency of recent restaurant classes suggests that the company’s development model remains fundamentally sound as it expands into new markets. If execution holds as the restaurant base scales, CAVA’s unit-growth runway could remain a key driver of growth.
How CAVA Stacks Up Against CMG and SHAK
Chipotle Mexican Grill, Inc. CMG remains a larger-scale development benchmark. In the first quarter of 2026, Chipotle opened 49 restaurants, including 42 Chipotlanes and remains on track to open around 350 restaurants for the full year, with roughly 80% including a Chipotlane. Chipotle’s long-term target of 7,000 restaurants underscores the scale advantage it still holds, but CAVA’s smaller base gives it a longer runway for percentage-based unit growth.
Shake Shack Inc. SHAK is also accelerating development. In the first quarter of 2026, Shake Shack opened 17 company-operated Shacks, its largest first-quarter opening count, and raised its 2026 company-operated opening outlook to 60-65 units from the prior 55-60 range. Shake Shack’s development cadence reflects strong growth ambition, though CAVA’s above-100% new restaurant productivity gives its unit-growth story an important efficiency component.
Compared with CMG’s mature large-scale expansion model and SHAK’s accelerating company-operated development, CAVA’s growth story stands out for the combination of a smaller restaurant base, raised opening guidance and strong new-unit productivity. With recent cohorts performing well, CAVA’s ability to scale while preserving unit economics remains central to its long-term growth narrative.
CAVA’s Price Performance, Valuation & Estimates
CAVA’s shares have gained 6.1% in the past year against the industry’s 10% growth.
CAVA’s One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CAVA trades at a forward price-to-sales (P/S) multiple of 5.87, above the industry’s average of 3.25.
CAVA’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CAVA’s fiscal 2026 earnings implies a year-over-year increase of 1.9%. The EPS estimates for fiscal 2026 have increased in the past 30 days.
EPS Trend of CAVA Stock
Image Source: Zacks Investment Research
CAVA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CAVA's Expansion Outlook Improves: Can New Units Keep Driving Growth?

Key Points
SoundHound AI doesn't have a large competitive moat and has largely been a niche player in agentic voice artificial intelligence (AI).
The company has leveraged its customer base and technology to expand into new customer service sectors.
Despite plenty of competition, SoundHound has been growing revenue at 52%.
I've been pretty skeptical of SoundHound AI (NASDAQ: SOUN). Compared with heavy hitters in artificial intelligence (AI) such as Anthropic and OpenAI, the AI-powered voice chatbot company has a small niche and a tiny cash balance. And yet it somehow still has a $3 billion market cap, although that's fallen more than 60% from its 2025 high.
Over the last few quarters, though, I've started to rethink my bearish position on SoundHound. The company has been executing well, and against all odds, it seems to be making headway. Here's why I think SoundHound might be worth a second look for AI investors.
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The bear case
SoundHound is essentially combining an old technology (voice recognition) with a very new one (AI).
Phone voice recognition systems predate Apple's Siri and Amazon's Alexa, which debuted in 2010 and 2014, respectively. SoundHound's major innovation was developing voice recognition technology that performs better in environments with heavy background noise, making it a favorite of drive-thrus and in-car audio systems.
The company opened a new market by expanding its agentic AI restaurant ordering systems from drive-thru windows to phone systems, which are used today by major chains like White Castle, Chipotle, Five Guys, Panda Express, and Applebee's. It also provides in-car voice systems for Kia, Hyundai, Lucid, and all of Stellantis' brands, including Chrysler, Dodge, and Jeep. And in Q1, it signed a global agreement with "a prominent Japanese manufacturer" for its vehicle voice assistant.
But although SoundHound has a solid, growing presence in these niches, they're comparatively easy niches for an AI chatbot to fill. To really unlock major growth, SoundHound needs to expand into general customer service applications, where there are many more potential customers, but also more potential for error. Plus, on a customer service phone line, SoundHound's background noise-reducing technology isn't as important, putting it at greater risk from competitors.
The bull case
SoundHound's apparent lack of a proprietary moat worried me at first. But just because a technology is widely used doesn't mean a deep-pocketed competitor will necessarily deploy it in this industry to clear the field.
It's no surprise that SoundHound has plenty of competition in this space. An effective agentic AI customer service voice agent platform would have several advantages over human agents beyond cost-effectiveness, including the ability to answer all calls quickly regardless of call volume, 24/7 global availability, multilingual support, and near-instant data retrieval. But it's a very fragmented market with lots of small start-ups operating alongside major players, including Amazon Quick for AWS and Salesforce's Agentforce.
In Q1, SoundHound grew its revenue by 52% year over year to $44.2 million and signed new or expanded deals with at least two dozen customers. It's also been very acquisitive and just agreed to purchase enterprise conversational AI provider LivePerson in April.
If SoundHound can continue to grow its revenue and consolidate market share through new contracts and acquisitions at this pace, it could very easily become a long-term winner. Smart investors should keep an eye on SoundHound.
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John Bromels has positions in Amazon, Apple, and Chipotle Mexican Grill. The Motley Fool has positions in and recommends Amazon, Apple, Chipotle Mexican Grill, Salesforce, and SoundHound AI. The Motley Fool recommends Stellantis and recommends the following options: short June 2026 $36 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why I'm Rethinking My Bearish Outlook on SoundHound AI: The Stock Could Be a Long-Term Winner

In the latest close session, Chipotle Mexican Grill (CMG) was up +1.81% at $30.42. The stock's change was more than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
The stock of Mexican food chain has fallen by 8.54% in the past month, lagging the Retail-Wholesale sector's loss of 6.71% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of Chipotle Mexican Grill in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 29, 2026. On that day, Chipotle Mexican Grill is projected to report earnings of $0.32 per share, which would represent a year-over-year decline of 3.03%. Meanwhile, our latest consensus estimate is calling for revenue of $3.32 billion, up 8.25% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $12.93 billion, representing changes of -3.42% and +8.4%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chipotle Mexican Grill. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Chipotle Mexican Grill currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Chipotle Mexican Grill is presently trading at a Forward P/E ratio of 26.41. This valuation marks a premium compared to its industry average Forward P/E of 20.26.
One should further note that CMG currently holds a PEG ratio of 1.92. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Restaurants industry had an average PEG ratio of 1.79.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 15% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CMG in the coming trading sessions, be sure to utilize Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chipotle Mexican Grill (CMG) Increases Despite Market Slip: Here's What You Need to Know

Key Points
Chipotle stock is mired in a lengthy slump.
At this point, it’s probably a “hold” for investors who can tolerate some risk.
Revamping the customer value proposition could support longer-term stock upside.
Consumer confidence isn't in the proverbial tank, but the Conference Board's May reading was 93.1, below the 93.8 posted in April. In fact, the Consumer Confidence Index isn't far off some of the levels seen during the COVID-19 pandemic.
Throw in the war in Iran, and it's not surprising that some investors are leery regarding consumer discretionary stocks. The conflict in the Middle East is a major driver of resurgent inflation, and as consumers tighten their belts, some fast-food stocks are being pinched, including Chipotle Mexican Grill (NYSE: CMG).
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Actually, Chipotle's tale of woe about inflation predates the war in Iran. Last year, the stock was drubbed with the company acknowledging it was being hit on multiple fronts, including tariffs, higher beef prices (inflation), and diners in the critical sub-$100,000 income and 25 to 35-year-old age demographics reining in their burrito indulgence. Those are among the reasons the stock is down 44.2% over the past year.
Chipotle feels like a "hold"
Following that 44.2% tumble, Chipotle may feel like a falling knife to some investors and a value play to others. Using Wall Street analyst lingo, it's probably a "hold" at the moment. Speaking of Wall Street, some are divided on the fast-casual restaurant stock.
Morgan Stanley recently downgraded Chipotle, noting that when it comes to garnering sales from the most price-focused customers seeking fast Mexican fare, Yum! Brands' Taco Bell is better positioned for that business. Conversely, J.P. Morgan upgraded Chipotle, saying "a rare valuation opportunity" is afoot and that the company still has an above-average growth profile.
Analyst commentary isn't the end-all and be-all of investment decision making. Still, it can be instructive, and the differing views mentioned above arguably reinforce the notion that, for investors wanting to nibble on a restaurant stock rebound candidate, Chipotle is sending "hold" vibes.
What is clear is that Chipotle wants to lean into its 60% of customers who make $100,000 or more annually, but it's also telling consumers and investors that prices aren't rising because of a purported "wealth grab." In fact, the chain sees prices climbing 1% to 2% in 2026, well below the current rate of inflation.
Chipotle can rebound, but patience is required
Yes, it's hard to be a devoted fan of any stock that's off 44% in a year, let alone beholden to increasingly frugal consumer habits. Still, for investors who extend Chipotle some latitude, there may be an opportunity here.
It's still one of the best operators in the fast-casual space with industry-leading cash returns and productivity rates at its new stores. Speaking of Chipotle locations, international revenue growth is nearing 22%, confirming the brand is appealing to consumers outside the U.S. and that Chipotle is embracing geographic diversification.
The company is also leveraging enhanced equipment and technology to improve in-store efficiencies, but it's not just about cost savings. Even something as rudimentary as an advanced produce slicer can serve the objectives of freeing up employees to better cater to guests during busy periods while fostering better product consistency. Overall, Chipotle needs to show investors it's a "buy" but the company is taking some steps in the right direction.
Should you buy stock in Chipotle Mexican Grill right now?
Before you buy stock in Chipotle Mexican Grill, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chipotle Mexican Grill wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Todd Shriber has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends the following options: short June 2026 $36 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wall Street Just Downgraded Chipotle Stock. Here's What Investors Should Do Next.

Monday, June 8, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Bank of America Corp. (BAC) and Roche Holding AG (RHHBY), as well as two micro-cap stocks Oak Valley Bancorp (OVLY) and Ohio Valley Banc Corp. (OVBC). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> New Inflation Numbers Out This Week: CPI, PPI
Today's Featured Research Reports
Amazon’s shares have outperformed the Zacks Internet - Commerce industry over the past year (+13.8% vs. +3.8%). The company’s international expansion and diversification across e-commerce, AWS cloud services, advertising, and streaming create multiple revenue streams while reducing concentration risk.
For 2Q’26, Amazon guided net sales of $194-$199 billion and operating income of $20-$24 billion. AI integration across operations enhances personalization, logistics, and AWS offerings, strengthening competitive positioning.
However, substantial capital expenditure requirements for AI infrastructure and data centers strain financial resources and compress margins, with trailing-12-month free cash flow decreasing to $1.2 billion. The company’s expanding debt burden reduces financial flexibility amid rising interest rates. Intensifying competition from Walmart, Microsoft Azure, and Google Cloud is an overhang.
(You can read the full research report on Amazon here >>>)
Shares of Bank of America have gained +23.7% over the past year against the Zacks Financial - Investment Bank industry’s gain of +29.4%. The company’s first-quarter 2026 results were aided by net interest income (NII) growth and strength in trading and investment banking (IB) businesses. Despite lower average rates, NII growth is expected to continue supported by steady loan growth and lower funding costs.
Bank of America’s expansion strategy by opening financial branches in new and existing markets will boost the top line. Along with this, investments in digital capabilities will enhance client engagement and cross-selling opportunities, likely driving fee income.
However, the company’s elevated expenses due to investments in technology and franchise expansion will likely hurt profits. The volatile nature of the capital markets business makes growth in trading revenues uncertain. Weak asset quality is another concern.
(You can read the full research report on Bank of America here >>>)
Roche’s shares have gained +27.3% over the past year against the Zacks Large Cap Pharmaceuticals industry’s gain of +27.7%. The company’s sales in recent times have been weighed down by unfavorable foreign-exchange movements, the company’s underlying operational performance remained solid. Strong growth from key products helps offset declining revenues from legacy drugs.
The stellar performances of multiple sclerosis drug Ocrevus and ophthalmology drug Vabysmo continue to drive momentum. Growth in hemophilia drug Hemlibra and breast cancer drug Phesgo also boosted the top line.
Roche is seeking to diversify its portfolio through acquisitions and collaborations as sales of legacy drugs, including Avastin, Herceptin, MabThera and Actemra, continue to decline due to biosimilar competition. The company is also expanding into high-growth markets such as obesity treatment. However, pipeline and regulatory setbacks continue to weigh on the stock.
(You can read the full research report on Roche here >>>)
Shares of Oak Valley have outperformed the Zacks Banks - West industry over the past year (+34.1% vs. +22.2%). This microcap company with a market capitalization of $287.82 million continues to improve profitability through net interest margin expansion, higher loan yields, and strong growth in non-interest income.
Oak Valley’s well-established commercial banking franchise across California supports consistent loan growth opportunities, while disciplined underwriting and relationship-based lending have historically contributed to stable credit performance. It maintains a strong liquidity profile, with substantial cash and securities balances. Additionally, consistent earnings generation has strengthened capital levels.
On the downside, early signs of credit deterioration have emerged, including higher non-accrual and past-due loans, resulting in increased credit-loss provisions. The bank’s significant concentration in commercial real estate (approximately 88% of loans) heightens sensitivity to weakening property markets. Valuation appears broadly in line with peers.
(You can read the full research report on Oak Valley here >>>)
Ohio Valley Banc’s shares have outperformed the Zacks Banks - Midwest industry over the past year (+59.1% vs. +5.1%). This microcap company with a market capitalization of $226.84 million has its investment thesis centered on its ability to drive sustainable earnings growth through disciplined balance-sheet management, a favorable shift toward higher-yielding loans and improving operating efficiency.
Expansion in core lending and a growing deposit base support recurring net interest income, while conservative capital management provides flexibility to fund growth and shareholder returns. The emphasis on secured, relationship-based lending enhances earnings quality.
However, rising credit costs, stress in select commercial relationships, funding competition and higher operating expenses remain key risks. Current valuation suggests investors already recognize OVBC’s improving earnings profile and franchise strength, implying future upside will depend on continued execution, stable credit performance and sustained profitability across cycles.
(You can read the full research report on Ohio Valley Banc here >>>)
Other noteworthy reports we are featuring today include MetLife, Inc. (MET), PG&E Corp. (PCG) and Chipotle Mexican Grill, Inc. (CMG).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
MetLife's (MET) Strong Investment Income & Expense Discipline Aid
Per the Zacks analyst, strong investment income, underwriting gains, and solid volume growth fueled earnings and profitability. However, volatile variable investment income remains a concern.
Investments & Clean Energy Initiatives Aid PG&E Corp. (PCG)
According to the Zacks analyst, PG&E's planned investments of $73 billion during 2026-2030 period, which should further strengthen its infrastructure and expand its renewable portfolio.
Chipotle (CMG) Banks on Strategic Initiatives, High Costs Ail
Per the Zacks analyst, Chipotle's focus on Recipe for Growth strategy, unit expansion and Zipline pilot bode well. However, the uncertain macro environment and high costs pose concerns.
Acquisitions Aid Teledyne Technologies (TDY) Amid Labor Shortage
Per the Zacks analyst, Teledyne Technologies is likely to benefit from profitable strategic acquisitions. Yet labor shortage result in delays and likely impact operating results.
Acquisitions & Pricing to Aid Lincoln Electric (LECO) as Volumes Ail
Per the Zacks analyst, Lincoln Electric's strategic acquisitions to expand capabilities and geographic reach as well as pricing actions will help mitigate the impact of low volumes on its results.
Celsius Holdings (CELH) Benefits From Strong Alani Nu Brand
Per the Zacks analyst, Celsius Holdings is likely to continue benefiting from the Alani Nu brand. Alani Nu gives Celsius Holdings a differentiated consumer base, particularly younger female consumers.
Bath & Body Works (BBWI) Boosts Engagement With Digital Innovations
Per the Zacks analyst, Bath & Body Works benefits from improving online conversion, Amazon channel growth and enhanced digital experiences, helping attract new shoppers and boost engagement.
New Upgrades
Chord Energy (CHRD) Continues to Bank on Oil-Rich Williston Basin
The Zacks analyst likes Chord Energy as it has a solid footprint in the prolific Williston Basin, which brightens its oil and natural gas production outlook.
H&R Block (HRB) Benefits From Assisted Tax Preparation and Spruce
Per the Zacks analyst, H&R Block drives long-term success from assisted tax preparation. Its mobile banking platform, Spruce, enables effective client acquisition and sustains user engagement.
Avanos (AVNS) Navigates Growth Initiatives Amid Margin Headwinds
Per the Zacks analyst, Avanos is gaining from SNS growth and the Nexus Medical acquisition, while margin pressures, forex impacts and weakness in parts of PM&R remain factors to monitor.
New Downgrades
Drilling Tools (DTI) Faces Soft U.S. Market Headwinds
The Zacks analyst believes that Drilling Tools International faces continued pressure from weak North American activity and pricing, which could delay earnings recovery.
Declining Backlog & Margin Pressure in Europe to Ail THOR (THO)
Per the Zacks analyst, THOR's declining backlog in the North American Towables segment remains a key constraint for volume recovery. Pressures in the European RVs segment margins are also concerning.
Rising Expenses & Stiff Competition Hurt Badger Meter (BMI)
Per the Zacks analyst, Badger Meter faces higher costs mainly due to the SmartCover acquisition, including amortization of intangible assets that may drag margins. Stiff competition remains a concern.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Reports for Amazon, Bank of America & Roche

Key Points
Chipotle's stock is much cheaper than it was a year ago.
Bargain-hunting investors might want to pick up some shares.
Shares of Chipotle Mexican Grill (NYSE: CMG) rose on Friday, following positive remarks from a respected investment bank's research team.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Chipotle's discounted stock price could be a profit opportunity for investors
Analysts at JPMorgan Chase upgraded Chipotle's stock from neutral to overweight (read: buy). After meeting with CEO Scott Boatwright and chief financial officer Adam Rymer, JPMorgan's team sees the restaurant chain's stock price rising nearly 20% to $35.
Even after today's gains, Chipotle's shares are down 44% over the past year. With its price-to-earnings (P/E) multiple roughly cut in half during that time, JPMorgan's analysts believe the stock now offers investors a much more attractive risk-to-reward profile and better reflects more subdued growth expectations.
More moderate, but sustained, growth could drive solid long-term returns
Chipotle's days as a rapidly expanding business are likely over. JPMorgan projects a relatively modest 8% to 9% annual increase in revenue for the fast-casual chain.
Margin expansion will also be harder to come by. The analysts noted that Chipotle is investing more in its employees and technology to improve the customer experience at its restaurants.
Yet JPMorgan's team did highlight a potentially lucrative opportunity for Chipotle to expand internationally, which it argues is not fully reflected in its depressed share price.
Should you buy stock in Chipotle Mexican Grill right now?
Before you buy stock in Chipotle Mexican Grill, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chipotle Mexican Grill wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $439,847!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,342,065!*
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*Stock Advisor returns as of June 5, 2026.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends the following options: short June 2026 $36 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Chipotle Stock Rallied Today

The S&P 500 Index ($SPX) (SPY) on Friday closed down -2.64%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -4.77%. June E-mini S&P futures (ESM26) fell -2.97%, and June E-mini Nasdaq futures (NQM26) fell -5.09%.
Stock indexes sold off sharply on Friday, with the S&P 500 and Nasdaq 100 posting 2-week lows. Investors rotated out of AI-infrastructure and semiconductor companies and sold megacap technology stocks that earlier this week pushed US stock indexes to all-time highs. Technology stocks retreated amid long liquidation and profit-taking after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns that the AI trade rally has been excessive.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes added to their losses on Friday as bond yields soared on the stronger-than-expected US May payrolls report, bolstering speculation that the Fed’s next interest rate move will be a rate hike. The 10-year T-note yield rose to a 2-week high of 4.55%.
US May nonfarm payrolls rose +172,000, stronger than expectations of +88,000. Also, Apr nonfarm payrolls were revised upward to +179,000 from the previously reported +115,000. The May unemployment rate remained unchanged at 4.3%, right on expectations.
US May average hourly earnings rose +0.3% m/m and +3.4% y/y, right on expectations.
US Apr consumer credit increased by $20.733 billion, stronger than expectations of $17.670 billion.
Crude oil prices fell more than -2% on Friday, even as the US and Iran have made little progress in talks over an interim peace deal, with clashes between Israel and Hezbollah militants continuing in Lebanon. Iran insists on a ceasefire in Lebanon before accepting a US deal to extend the truce and reopen the Strait of Hormuz. President Trump said Thursday that negotiations with Iran are in the “final” stages without elaborating, while Iran’s Foreign Minister Abbas Araghchi earlier said there had been “no tangible progress” even though both sides continue to exchange messages via mediators.
The markets are discounting a 1% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
The generally favorable Q1 earnings season is winding down. As of Friday, 84% of the 496 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -0.68%. China's Shanghai Composite fell to a 7-week low and closed down -0.74%. Japan's Nikkei Stock Average closed down -1.31%.
Interest Rates
September 10-year T-notes (ZNU6) on Friday closed down -16.5 ticks, and the 10-year T-note yield rose +6.9 bp to 4.542%. Sep T-note prices tumbled to a 2-week low on Friday, and the 10-year T-note yield rose to a 2-week high of 4.552%. T-notes retreated on Friday amid a stronger-than-expected increase in US May nonfarm payrolls and a sharp upside revision to April nonfarm payrolls, bolstering speculation that the next Fed move will be an interest rate increase.
European government bond yields moved higher on Friday. The 10-year German Bund yield climbed to a 2-week high of 3.051% and finished up +1.6 bp to 3.038%. The 10-year UK gilt yield rose +0.5 bp to 4.903%.
Eurozone Q1 GDP was revised downward to -0.2% q/q and +0.3% y/y from the previously reported +0.1% q/q and +0.8% y/y.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are retreating for a second day today after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns over whether the rally in the AI trade has been excessive. Marvell Technology (MRVL) closed down more than -16% to lead losers in the Nasdaq 100, and Micron Technology (MU) closed down more than -13%. Also, ARM Holdings Plc (ARM) closed down more than -12%, and Intel (INTC), Sandisk (SNDK), ON Semiconductor (ON), and Western Digital (WDC) closed down more than -10%. In addition, Advanced Micro Devices (AMD) and Qualcomm (QCOM) closed down more than -9%, and Applied Materials (AMAT), KLA Corp (KLAC), Seagate Technology Holdings Plc (STX), and Lam Research (LRCX) closed down more than -8%. Finally, Broadcom (AVGO), NXP Semiconductors NV (NXPI), and Microchip Technology (MCHP) closed down more than -7%, and ASML Holding NV (ASML) and Texas Instruments (TXN) closed down more than -6%.
The Magnificent Seven technology stocks fell sharply on Friday. Tesla (TSLA) and Nvidia (NVDA) closed down more than -6%, and Meta Platforms (META) closed down more than -5%. Also, Amazon.com (AMZN) closed down more than -3%, and Microsoft (MSFT) closed down more than -2%. In addition, Alphabet (GOOGL) and Apple (AAPL) closed down more than -1%.
Cryptocurrency-exposed stocks sank on Friday, as Bitcoin (^BTCUSD) fell more than -5% to a 20-month low. Galaxy Digital Holdings (GLXY) closed down more than -11%, and MARA Holdings (MARA) and Riot Platforms (RIOT) closed down more than -10%. Also, Coinbase Global (COIN) closed down more than -7%, and Strategy (MSTR) closed down more than -6%.
Mining stocks sold off on Friday as gold, silver, and copper prices plunged. Hecla Mining (HL) closed down more than -12%, and Coeur Mining (CDE) closed down more than -11%. Also, Southern Copper (SCCO) closed down more than -10%, and Freeport McMoRan (FCX) closed down more than 9%. In addition, Anglogold Ashanti (AU) closed down more than -8%, and Newmont Corp (NEM) and Barrick Mining (B) closed down more than -7%.
Defensive consumer staple companies rallied on Friday amid the broader market's plunge. Clorox (CLX) closed up more than +5%, and Procter & Gamble (PG) closed up more than +4% to lead gainers in the Dow Jones Industrials. Also, Kimberly-Clark (KMB) and Colgate-Palmolive (CL) closed up more than +4%, and Coca-Cola (KO) and Tyson Foods (TSN) closed up more than +3%.
Guidewire Software (GWRE) closed down more than -9% after forecasting Q4 subscription and support revenue of $259 million to $265 million, the midpoint below the consensus of $263.6 million.
Lululemon Athletica (LULU) closed down more than -8% after cutting its 2027 net revenue forecast to $11 billion to $11.15 billion from a previous forecast of $11.35 billion to $11.50 billion, below the consensus of $11.49 billion.
DocuSign (DOCU) closed down more than -6% after forecasting a full-year adjusted gross margin of 81.5% to 82%, the midpoint below the consensus of 81.8%.
Fiserv (FISV) closed down more than -3% after BNP Paribas downgraded the stock to underperform from neutral with a price target of $46.
Cooper Cos (COO) closed up more than +8% to lead gainers in the S&P 500 after reporting Q2 net sales of $1.08 billion, better than the consensus of $1.05 billion.
G-III Apparel Group Ltd (GIII) closed up more than +5% after boosting its 2027 adjusted EPS forecast to $2.15 to $2.25 from a previous estimate of $2.00 to $2.10, above the consensus of $2.09.
ServiceTitan (TTAN) closed up more than +4% after reporting Q1 revenue of $268.8 million, above the consensus of $256.7 million.
Chipotle Mexican Grill (CMG) closed up more than +4% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $35.
Earnings Reports(6/8/2026)
Campbell's Company/The (CPB), Graham Corp (GHM), Hub Group Inc (HUBG), Mama's Creations Inc (MAMA), Mission Produce Inc (AVO), Motorcar Parts of America Inc (MPAA), Nano-X Imaging Ltd (NNOX), Oil-Dri Corp of America (ODC), Replimune Group Inc (REPL), Vail Resorts Inc (MTN), XCF Global Inc (SAFX).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Lower as Tech Companies Routed

The S&P 500 Index ($SPX) (SPY) today is down -1.00%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.08%. June E-mini S&P futures (ESM26) are down -1.11%, and June E-mini Nasdaq futures (NQM26) are down -2.28%.
Stock indexes are plummeting today, with the S&P 500 and Nasdaq 100 falling to 2-week lows as investors rotate out of AI-infrastructure and semiconductor stocks that earlier this week pushed the US stock index to all-time highs. Technology stocks continue to pull back amid long liquidation and profit-taking after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns that the AI trade rally has been excessive.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes added to their losses today as bond yields jumped on the stronger-than-expected US May payrolls report, bolstering speculation that the Fed’s next interest rate move will be a rate hike. The 10-year T-note yield rose to a 2-week high of 4.54%.
US May nonfarm payrolls rose +172,000, stronger than expectations of +88,000. Also, Apr nonfarm payrolls were revised upward to +179,000 from the previously reported +115,000. The May unemployment rate remained unchanged at 4.3%, right on expectations.
US May average hourly earnings rose +0.3% m/m and +3.4% y/y, right on expectations.
Crude oil prices are down more than -2% today, even as the US and Iran have made little progress in talks over an interim peace deal, with clashes between Israel and Hezbollah militants continuing in Lebanon. Iran insists on a ceasefire in Lebanon before accepting a US deal to extend the truce and reopen the Strait of Hormuz. President Trump said Thursday that negotiations with Iran are in the “final” stages without elaborating, while Iran’s Foreign Minister Abbas Araghchi earlier said there had been “no tangible progress” even though both sides continue to exchange messages via mediators.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
The generally favorable Q1 earnings season is winding down. As of today, 83% of the 494 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.56%. China's Shanghai Composite fell to a 7-week low and closed down -0.74%. Japan's Nikkei Stock Average closed down -1.31%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -16 ticks, and the 10-year T-note yield is up +7.1 bp to 4.553%. Sep T-note prices tumbled to a 2-week low today, and the 10-year T-note yield rose to a 2-week high of 4.544%. T-notes retreated today on the stronger-than-expected increase in US May nonfarm payrolls and the sharp upside revision to April nonfarm payrolls, bolstering speculation that the next move by the Fed will be an interest rate increase.
European government bond yields are moving higher today. The 10-year German Bund yield climbed to a 2-week high of 3.051% and is up +1.6 bp to 3.038%. The 10-year UK gilt yield is up +0.9 bp to 4.907%.
Eurozone Q1 GDP was revised downward to -0.2% q/q and +0.3% y/y from the previously reported +0.1% q/q and +0.8% y/y.
Swaps are discounting a 98% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are retreating for a second day today after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns over whether the rally in the AI trade has been excessive. Super Micro Computer (SMCI) is down more than -7% to lead losers in the S&P 500, and ARM Holdings Plc (ARM) is down more than -7% to lead losers in the Nasdaq 100. Also, ON Semiconductor (ON), Intel (INTC), Marvell Technology (MRVL), and Advanced Micro Devices (AMD) are down more than -6%, and Micron Technology (MU), NXP Semiconductors NV (NXPI), Sandisk (SNDK), Qualcomm (QCOM), and KLA Corp (KLAC) are down more than -5%. In addition, Lam Research (LRCX), Applied Materials (AMAT), Broadcom (AVGO), ASML Holding NV (ASML), Texas Instruments (TXN), and Western Digital (WDC) are down more than -4%.
Cryptocurrency-exposed stocks are tumbling today, with Bitcoin (^BTCUSD) down more than -4% at a 20-month low. Galaxy Digital Holdings (GLXY) is down more than -11%, and MARA Holdings (MARA) is down more than -9%. Also, Riot Platforms (RIOT) is down more than -8%, Strategy (MSTR) is down more than -7%, and Coinbase Global (COIN) is down more than -6%.
Mining stocks are selling off today with gold, silver, and copper prices sharply lower. Coeur Mining (CDE) and Hecla Mining (HL) are down more than -9%, and Southern Copper (SCCO) is down more than -8%. Also, Freeport McMoRan (FCX) and Anglogold Ashanti (AU) are down more than 6%, and Newmont Corp (NEM) and Barrick Mining (B) are down more than -5%.
Guidewire Software (GWRE) is down more than -8% after forecasting Q4 subscription and support revenue of $259 million to $265 million, the midpoint below the consensus of $263.6 million.
Lululemon Athletica (LULU) is down more than -6% after cutting its 2027 net revenue forecast to $11 billion to $11.15 billion from a previous forecast of $11.35 billion to $11.50 billion, below the consensus of $11.49 billion.
DocuSign (DOCU) is down more than -4% after forecasting a full-year adjusted gross margin of 81.5% to 82%, the midpoint below the consensus of 81.8%.
Fiserv (FISV) is down more than -3% after BNP Paribas downgraded the stock to underperform from neutral with a price target of $46.
G-III Apparel Group Ltd (GIII) is up more than +9% after boosting its 2027 adjusted EPS forecast to $2.15 to $2.25 from a previous estimate of $2.00 to $2.10, above the consensus of $2.09.
Cooper Cos (COO) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 net sales of $1.08 billion, better than the consensus of $1.05 billion.
ServiceTitan (TTAN) is up more than +7% after reporting Q1 revenue of $268.8 million, above the consensus of $256.7 million.
Argan (AGX) is up more than +6% after reporting Q1 revenue of $291 million, stronger than the consensus of $256 million.
Chipotle Mexican Grill (CMG) is up more than +4% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $35.
Samsara (IOT) is up more than +1% after reporting Q1 revenue of $478.8 million, above the consensus of $455.2 million.
Earnings Reports(6/5/2026)
ABM Industries Inc (ABM), G-III Apparel Group Ltd (GIII), Lifezone Metals Ltd (LZM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.