Diamonds and Dogs
Illumina (ILMN) shining brightly. The genomic-sequencing leader is up 5% not far from a 52 week high following better than expected earnings. Sales rose 25.4% year over year to $830 million. It's clear that NovaSeq isn't losing momentum. Illumina also reported strong growth in consumables revenue for both sequencing and arrays. Another big improvement for Illumina was in generating cash flow. The company reported free cash flow in the second quarter of $218 million, double the amount announced in the prior-year period.
Chipotle Mexican Grill (CMG) can't keep its customers healthy. Restaurateur dropped 6% after several reports of people getting sick at the Powell, Ohio restaurant appeared on the website, IWasPoisoned.com. Chipotle shut down the restaurant "out of an abundance of caution," according to a Chipotle spokesperson. Chipotle could reopen today pending approval from the local health department. The closure brings up bad memories from 2015 after a food-borne illness outbreak at several of its restaurants.
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