5 Billionaire-Backed Stocks to Watch

THE MONEY IDEA💡
5 Billionaire-Backed Stocks to Watch

As the stock market navigates through several changes in 2024, identifying stocks with strong potential backed by billionaire investors is crucial for success. This article highlights top billionaire-backed stocks to consider today, detailing their unique advantages and performance metrics. From fast-casual dining to e-commerce giants, these companies offer robust opportunities for substantial returns.

Let’s go.

THE MONEY IDEA💡
First 2 Billionaire-Backed Stocks to Watch

Chipotle Mexican Grill (CMG)

• Fast-Casual Leader: Chipotle is the original fast-casual restaurant chain, continuing to be a powerhouse with significant growth potential.

• Portfolio Mainstay: It’s a favorite of Pershing Square Capital’s Bill Ackman, making up 13% of their portfolio.

• Expansion Plans: Aiming to expand from 3,500 to 7,000 restaurants in North America, with international growth just beginning.

• Franchise Growth: Recently signed its first franchise agreement for the Middle East and opened its first restaurant in Kuwait.

• Operational Efficiency: Continuously improving processes and releasing new menu items, driving efficiency and consumer interest.

Costco Wholesale (COST)

• Membership Model: Operates a successful membership model that drives loyalty and consistent sales growth.

• Resilient Performance: Reports strong revenue and comparable-store sales growth, even under inflationary pressures.

• Store Expansion: Plans to add 25 to 30 new stores annually, each contributing significantly to growth.

• High Profitability: Membership fees contribute directly to the bottom line, supporting high renewal rates and profitability.

• Billionaire Backing: Owned by Ken Fisher of Fisher Investments and Ken Griffin of Citadel Advisors, underscoring its reliability.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

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