
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.
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.
Don't know how to trade stocks? Here are some simple steps.
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.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!