Portillo’s (NASDAQ: PTLO) stock, which initially rose from its $20 IPO price in October 2021, has since declined due to a bear market and slowing sales growth, currently trading at near all-time lows. Despite this downturn, the company’s strong Chicago presence and national expansion raise questions about its potential to increase an investment from $1,000 to $5,000 over the next five years.
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Huge News For Remitly Global Investors
In the past year, stablecoins have emerged as potential disruptors of cross-border payment fees, impacting shares of Remitly Global (NASDAQ: RELY), which have fallen 30%. However, Remitly's recent announcement of the Remitly Wallet, allowing 8.5 million customers to hold stablecoins, could position the company to benefit from this trend rather than suffer from it. Want More Context? 🔎
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