The S&P 500 index continues to trade at record levels, making it challenging for investors seeking bargain stocks. However, a promising stock is currently trading 43% below its peak in June 2024, offering a potential opportunity for patient investors. In other news, a consumer stock is forecasted to potentially skyrocket over the next five years. Despite last year’s struggles, Chipotle Mexican Grill plans to open 350-370 new locations in 2026, with long-term growth potential to reach 7,000 locations. While facing industry-wide challenges, Chipotle’s expansion strategy could lead to significant revenue and profit growth.

Read more at Yahoo Finance: Down 43%, This Beaten-Down Stock Could Skyrocket Over the Next 5 Years for 1 Reason