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On Thursday, the famous fast-food giant posted financial results for the fourth quarter. According to the data reported, the revenue and the EPS came out lower than Wall Street forecasts.
Revenue came out at $5.31 billion vs. $5.37 billion expected. As for EPS, it appeared to be at $1.7 vs. $1.77.
At the same time, the company boosted sales by menu innovation, takeout, and ordering from mobile phones.
On Monday the company made an announcement that raised forecasts by analysts. It introduced a comeback of Spicy Chicken McNuggets and Mighty Hot Sauce for a limited time. Also, the fans are anticipating the launch of the McPlant – a plant-based burger. Like many other companies, Mcdonald's has turned to online food-delivery during the pandemic, giving its preference to mobile ordering.
According to J.P Morgan, the company is well-capitalized and has good chances of post-covid recovery.
At the start of the trading session, the stock of McDonald's has moved to the upside, the first resistance is placed at $215. If it’s broken, bulls will target the next obstacle at $219.2. On the downside, the support is placed at the lower border of consolidation at $207, the next one lies at $200. If you don't now how to trade stocks as CFDs - read this article.
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Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
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