Google/Alphabet (GOOG) performing well following earnings. The search engine giant is up 4% to a new all time high after easily beating earnings estimates as sales rose an astounding 15% to $102.3 billion. A large chunk of sales came from advertising, up 12.6 to $74.2 billion. They have 300 million paid subscriptions led by Google One and YouTube Premium. Pivotal Research Group upgraded the stock with a $350 price target.

Chipotle (CMG) is going the wrong way. The stock is down 16% today and down nearly 50% in the last year as sales have slumped. Earnings were inline, but sales missed estimates. Guidance was not great as CEO Scott Boatwright reported that middle to low-income consumers are dining out less frequently due to worries about the economy. The 25 to 35-year-old customers are especially challenged at this point.

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