Today's Research Reports on Trending Tickers: McDonald's and Starbucks
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth report fell short of expectations. The Dow Jones Industrial Average dropped 2.02 percent to close at 24,100.51, while the S&P 500 Index fell 1.91 percent to close at 2,599.95. The Nasdaq Composite Index plunged 2.26 percent to close at 6,910.67.
“Indeed, investors are right to be worried about global growth as China economy continues to sputter,” said OANDA’s Asia Pacific head of trading, Stephen Innes. “The data lend support to the market’s view that things will get worse in China before they get better, this despite investment rising,” Innes added.
The Market Edge Initiates Coverage on:
McDonald's Corporation
https://marketedgereport.com/report/MCD/
Starbucks Corporation
https://marketedgereport.com/report/SBUX/
McDonald's stock moved 1.68% lower Friday, to close the day at $183.29. The stock recorded a trading volume of 4,450,192 shares, which was above its three months average volume of 4,030,028 shares. In the last year, McDonald's shares have traded in a range of 146.84 - 190.88. The share price has gained 24.82% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $183.45 is above its 200-day moving average of $167.42. Shares of the company are trading at a Price to Earnings ratio of 27.85. Shares of McDonald's have fallen roughly 2.29 percent in the past month and are up 6.49 percent year-to-date.
Access The Market Edge's McDonald's Corporation Research Report:
https://marketedgereport.com/report/MCD/
On Friday, shares of Starbucks recorded a trading volume of 16,805,226 shares, which was above the three months average volume of 13,026,840 shares. The stock ended the day 2.35% lower at $65.34. The share price has fallen 5.28% from its 52 week high with a 52 week trading range of 47.37 - 68.98. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $65.75 is above its 200-day moving average of $56.89. Shares of the company are trading at a Price to Earnings ratio of 20.17. Shares of Starbucks have fallen roughly 4.14 percent in the past month and are up 13.77 percent year-to-date.
Access The Market Edge's Starbucks Corporation Research Report:
https://marketedgereport.com/report/SBUX/
Our Actionable Research on McDonald's Corporation (NYSE:MCD) and Starbucks Corporation (NASDAQ:SBUX) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
