Starbucks has denied rumors of a potential acquisition of Chipotle. The coffee chain remains focused on its turnaround under CEO Brian Niccol, with research firm HundredX data showing encouraging signs that the company’s efforts are resonating with consumers. Starbucks shares came under pressure last week following speculation about a potential deal. Jim Cramer also recommended buying Goldman Sachs ahead of Tuesday’s banking earnings, arguing that investors are underestimating the bank’s ability to benefit from market volatility.
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