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Chipotle stock is Bernstein's top restaurant pick for 2023

Yahoo Finance Video

Yahoo Finance's Brian Sozzi discusses why Chipotle stock is a trending ticker on Friday.

Video transcript

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BRIAN SOZZI: OK, before we head to break, let's lock in on a top pick being served up by Bernstein. The investment bank is making Chipotle its top restaurant pick for 2023. Says the team there, "Chipotle is more recession resilient than it looks. Tracking high-income consumers, leveraging a strong debt-free balance sheet to fuel growth. And with a track record of growth stickiness during past recessions, Chipotle should compound even in softer macroeconomic conditions."

Coming up, the FTC is issuing new guidance surrounding disclosures on crypto risks. Julie's back with a look at top headlines next.

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