Chipotle Mexican Grill-Got $500? 2 Magnificent Growth Stocks to Buy and Hold Forever

Core Viewpoint - Investing in quality businesses with a long-term mindset can lead to a profitable portfolio, regardless of short-term market fluctuations Group 1: Eli Lilly - Eli Lilly has experienced significant growth, with share prices increasing by approximately 57% over the past year [2] - The company's revenue surged 36% year over year to $11.3 billion, driven by successful GLP-1 drugs and cancer medication, contributing$ 5.7 billion to the quarter's revenue [2] - Eli Lilly's net income reached nearly $3 billion, marking a 68% increase from the previous year [2] - The recent approval of Kisunla, a drug for early symptomatic Alzheimer's disease, showed a 35% reduction in cognitive decline after 18 months compared to a placebo [3] - Eli Lilly's Jaypirca received regulatory approval in Japan and is projected to capture 60% of the BTK leukemia market by the early 2030s [4] - The company has consistently increased its dividend for 10 consecutive years, although the current yield is below 1% due to rising share prices [5] Group 2: Chipotle Mexican Grill - Chipotle has undergone leadership changes, with CEO Brian Niccol leaving for Starbucks, yet the stock has risen approximately 27% since the beginning of the year [6] - The company reported revenue of$ 3 billion in Q2 2024, an 18% increase year over year, with comparable restaurant sales rising 11% [7] - Chipotle achieved an operating margin of 19.7% and a restaurant-level operating margin of 28.9%, which increased by 140 basis points year over year [7] - Net income for Chipotle soared 33% to around $456 million, and the company opened 53 new restaurants, many featuring the successful Chipotlane drive-thru option [7]