Waiting for the open, ideally below yesterday's close to allow for a bullish gap fill. With the solid Q3 report, I’ll aim to hold the position throughout the entire day.
Update during the trade. First tp 298
Update during the trade. First tp 298
Nota
Financial Performance: McDonald's reported a net income of $2.26 billion ($3.13 per share), which is down from $2.32 billion ($3.17 per share) last year. Adjusted earnings were $3.23 per share, slightly exceeding analyst expectations. Revenue rose by 3% to $6.87 billion, surpassing forecasts.Sales Trends: Comparable sales decreased by 1.5%, missing the expected 0.6% decline, but U.S. comparable sales increased by 0.3%. CEO Chris Kempczinski noted a slowdown in quick-service restaurant traffic, especially among lower-income consumers, but highlighted improvements in market share and menu innovation.
E. coli Situation: The report addressed a recent E. coli outbreak linked to slivered onions, stating it did not affect Q3 results. McDonald's has ceased sourcing onions from the implicated supplier and plans to resume selling quarter-pounders shortly.
Market Reaction: Following the earnings announcement, McDonald's stock rose by 0.1%.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.