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Order Up Some Chipotle?
BMO Capital analyst Andrew Strelzik upgraded Chipotle Mexican Grill (NYSE: CMG) to Outperform this morning with a price target of $65.00, implying gains of 20% over the next 12 months. Strelzik writes: “CMG is well positioned for accelerating comp growth and improving margin trajectory beginning in 2H25.”
The analyst values Chipotle at a heady 45x 2026 earnings, but points out that this is “largely in line with CMG’s historical average.”
Chipotle stock is up 0.9% in the first few minutes of trading. The Vanguard S&P 500 ETF’s is still up 0.1%.
This article will be updated throughout the day, so check back often for more daily updates.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) closed at a new all-time high Thursday, 577.18, and seems to be aiming for a repeat Friday, rising 0.2% in premarket trading. With most of the week’s macroeconomic and tariffs news now in the rear view mirror, it’s earnings that are driving the gains today.
Earnings
Financial stocks that are also S&P 500 component companies are doing well this morning.
Charles Shwab (NYSE: SCHW) reported $1.14 per share in its Q2 report, a nickel better than expected, and revenues beat expectations as well.
American Express (NYSE: AXP) earned $4.08 per share, $0.21 more than analysts predicted, and again, revenues were stronger than expected.
Regions Financial (NYSE: RF) reported $0.60 per share, $0.04 better than expected. And you guessed it, revenue also beat expectations.
Huntington Bancshares (Nasdaq: HBAN) beat by a penny with $0.34 per share earned in Q2.
Elsewhere in the market, the news was also good. S&P component company 3M (NYSE: MMM) reported a $2.16 per share profit, $0.15 better than analysts had forecast, with $6.3 billion in revenue — well ahead of the $6.1 billion prediction.
Oh, and last night we saw Netflix (Nasdaq: NFLX) report. Revenues were only a hair better than predicted at $11.08 billion, but Netflix had a huge $7.19 per share profit that was $0.12 better than expected.
The post Stock Market Live July 18: S&P 500 (VOO) Hitting Higher Highs on Positive Earnings Reports appeared first on 24/7 Wall St..
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Author: Joel South
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