Diamonds and Dogs

7/21/21

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.

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