Diamonds and Dogs
Chipotle (CMG) is crushing it. The Mexican-food restaurant is up 12% to new highs following strong earnings. Chipotle beat estimates by a dollar as sales rose 38.7% to $1.89 billion. Good news is Chipotle is seeing no slow in business due to the new COVID-19 variant.
Netflix (NFLX) missed estimates. Netflix is down 3% following earnings. Netflix missed by 19 cents as sales rose 19% to $7.34 billion. Looking forward, Netflix sees 3.5 million new users in the current quarter, falling short of analysts' expectations of 5.86 million new users. The stock is stuck in a trading range for the last year.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.