Well-Known Investor Has Bought Meta (META), Chipotle (CMG)

Prominent investor Stephanie Link noted on CNBC today that she had recently bought Meta (META) and Chipotle (CMG). Link, the Chief Investment Strategist of Hightower Advisors, suggested that, for long-term investors, now is “a decent time to buy” stocks.

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Why Link Bought Chipotle and Meta

Down 29% from its high, CMG has said that it expects to increase its same-store sales by about 5% this year. Further, the firm is taking measures to increase its “efficiency and productivity,” Link reported.

Meanwhile, Meta is changing hands for 20 times this year’s estimated earnings, while its revenue and operating margins are projected to increase 20% and 40%, respectively, she stated.

Link’s View of the Macro Environment

“The Relative Strength Index of the S&P is 23. That is the 12th most oversold level in the last 20 years,” the investor reported. And when the situation is “very negative and feels horrible, that’s usually a decent time to buy” for “long-term investors,” according to Link.

She noted that she had been purchasing stocks for the last two weeks and also plans to acquire shares this week.

While we acknowledge the potential of META, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.