|Bid||210.98 x 800|
|Ask||211.23 x 900|
|Day's Range||210.90 - 214.18|
|52 Week Range||173.41 - 221.93|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||27.73|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||5.00 (2.34%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||224.84|
The fast-food giant has largely sat out the chicken sandwich wars, with key players including privately-held Chick-fil-A, Wendy’s Co. (WEN) and Restaurant Brands International Inc.’s (QSR) Popeyes Louisiana Kitchen. Data compiled by Kalinowski Equity Research shows franchisees are concerned that McDonald’s (MCD) is missing a sales opportunity.
President Xi Jinping said China was facing a "grave situation" as the death toll from the coronavirus outbreak jumped to 42, overshadowing Lunar New Year celebrations that began on Saturday. China also announced further transport restrictions. With more than 1,400 people infected worldwide, most of them in China, Hong Kong declared a virus emergency, scrapped celebrations and restricted links to mainland China.
(Bloomberg) -- Crude posted the worst weekly decline in more than a year on concern that the spread of China’s coronavirus will cripple fuel demand. Brent futures sank 2.2% in London on Friday. Deaths from the coronavirus rose to at least 26 and China expanded travel restrictions for about 40 million people in an attempt to halt contagion. The U.S. is monitoring more than 60 people for potential infection and lawmakers said health authorities are expected to confirm a third case.The Asian virus has spooked traders even as the World Health Organization stopped short of declaring a global health emergency. The contagion is disrupting travel during the Lunar New Year holiday, when hundreds of millions normally fly or ride home. The selloff has accelerated as trend-following funds turned bearish, according to TD Securities.“Contagion fears are spiking ahead of the biggest yearly migration ahead of new year,” said Daniel Ghali, a commodities strategist at TD Securities. “The fear factor is the risk of contagion, synonymous to what happened in 2003 with SARS which led to a 2% drop in Chinese economic growth.”The fast-spreading virus is the latest challenge for a market that’s been buffeted this year by geopolitical turmoil in the Middle East and North Africa, as well as the phase-one trade deal between Beijing and Washington. Goldman Sachs Group Inc. said earlier this week that, if the coronavirus has an impact similar to the 2003 SARS epidemic, demand could be curbed by 260,000 barrels a day. While this is not the first time global oil markets contend with an epidemic threatening demand, the current supply environment could worsen the situation.“The slightest fear of any economic slowdown will spur a long wave of liquidations because the market is so oversupplied,” said Walter Zimmermann, chief technical strategist at ICAP Technical Analysis.Some businesses in China including McDonald’s Corp. and Starbucks Corp. temporarily shut some stores in efforts to contain the virus.See also: China’s Economy Was Brightening This Month Before Virus Fear HitBrent crude for March settlement fell $1.35 to settle at $60.69 a barrel on the ICE Futures Europe exchange in New York putting its premium over WTI for the same month at $6.50 a barrel. Brent futures fell 6.4% this week.West Texas Intermediate futures for March delivery slipped $1.40 to end the session at $54.19 a barrel on the New York Mercantile Exchange, the lowest level since October. Meanwhile, based on the commodity’s relative strength index, WTI is sitting in oversold territory and is due for a rally.Options traders are paying the most since Oct. 31 for protection against price swings, according to the CBOE/CME WTI volatility index.\--With assistance from James Thornhill, Grant Smith and Saket Sundria.To contact the reporter on this story: Jackie Davalos in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Marino at email@example.com, Jessica Summers, Mike JeffersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months. All three major U.S. stock averages turned sharply negative, with the S&P 500 seeing its biggest one-day percentage drop in over three months after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago.
Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago. For the holiday-shortened week, all three indexes are on course to post a decline with the Nasdaq set to snap a six-week winning streak.
McDonald's Corp. said Friday that it has shut stores in Wuhan and surrounding cities in China due to the coronavirus outbreak. In a statement from McDonald's in Asia, the company said that the fast-food giant's operations in the Hubei province are normally in cities where public transportation is accessible. In Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao, public transport has been suspended. Across China, McDonald's has taken measures to prevent the spread of coronavirus, including a required system of measuring worker body temperatures when they arrive for work; the distribution of masks to crew members and hand sanitizers to customers; and stepped up cleaning of delivery boxes after they return to the restaurant. McDonald's stock has gained 13.8% over the past year while the Dow Jones Industrial Average is up 19%. Read also: McDonald's earnings preview: Chick-fil-A is the fast-food giant's biggest competition in the U.S.
This partly has to do with a better-than-expected Q4 earnings season overall so far, along with a void of economic metrics this week that might cause market participants pause.
Starbucks' (SBUX) international segment witnessed growth of 6% in the prior-year quarter, a trend that is likely to continue in first-quarter fiscal 2020.
Beyond Meat (NASDAQ:BYND) continues to capture investors' interest. After surging to almost $240 per share in July, the stock when on a cold streak. Shares continued to tick lower and just when it looked like Beyond Meat stock might really crack, the bulls came surging back.Source: calimedia / Shutterstock.com Shares erupted over resistance and ran more than 80% as the stock price climbed from $75 to more than $135 in just a few trading sessions. As should be expected at this point, Beyond Meat stock remains as volatile as ever. Partnership PotentialBeyond Meat stock has been on fire this month, but much of the catalysts have come from the headlines. For instance, innovations from privately held Impossible Foods sparked BYND's rally earlier this month, as the company is pushing into plant-based meatless pork and sausage products.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo be fair, Beyond has already gone in this direction, and supplies it for breakfast sandwiches at some Tim Hortons and Dunkin' Brands (NASDAQ:DNKN) locations. But as the industry continues to expand and gain momentum, so too does Beyond Meat. * 10 Stocks to Buy as the 2020 Presidential Election Approaches Impossible Foods not working with McDonald's (NYSE:MCD) due to supply constraints and McDonald's expanding its pilot with Beyond also sparked a rally in BYND stock. So too did reports of Starbucks (NASDAQ:SBUX) exploring plant-based menu options.These are big-time players in the fast-food and fast-casual space that could trigger plenty of long-term future demand. Of course, the risk is that consumer demand peters out, which is exactly what hurt Beyond Meat stock after such a hearty rally. News that Burger King will lower the price of its Impossible Whopper due to waning demand weighed on Beyond Meat stock on Wednesday, although the stock recouped some of its losses before closing lower by 5.25%.At the end of the day, potential partnerships with Starbucks, McDonald's and others would mean big business for Beyond Meat. But if the stock rallies aggressively before any deals are announced, it could lead to short- and intermediate-term disappointment, especially if no deal materializes. Trading BYND StockBeyond Meat stock has surely minted some traders with a boatload of cash -- and dealt swift blows to others. The stock has been a tough one to get a handle on, as you can see on the chart below. Click to Enlarge Source: Chart courtesy of StockCharts.comHowever, those that have gotten aboard the stock in the right direction have seen big-time payouts. Look at the latest run for an example. Shares ripped from $75 to $135 -- an 80% rally -- in six trading sessions. Two days later and BYND had shed almost 20%.So, what now?I'm looking at the $110 and $136 areas. The latter was notable support throughout the summer and has twice acted as resistance amid the current rally. If Beyond Meat cannot reclaim this zone, lower prices may be in order.As for $110, this level marks the backside of prior downtrend resistance (blue line) and was (roughly) the breakout level from the stock's short-lived consolidation phase this month (purple wedge). Below $107 -- the consolidation zone low -- and $100 or lower may be on the table.It's very important to use discipline with a stock like this. If you don't have discipline, don't touch Beyond Meat stock! Bottom Line on Beyond Meat StockBeyond Meat stock isn't unlike cannabis stocks. That is to say, the valuation based on today's numbers is just silly and the price action is simply erratic and unpredictable. But investors who believe in its long-term potential may justify a position in this speculative play.I say speculative because of the volatility and how unpredictable its industry may be. I personally think meatless products have a market, but I'm not sure how big that market is. Or how big it will become in two years, five years or ten years. Does it remain a niche category or does it become widespread?It's too hard for me to tell.Beyond has reported three out of its four fiscal quarters for 2019. While analysts expect it to lose 18 cents per share for the year, they call for a turn to profitability in 2020. Consensus estimates call for earnings of 41 cents per share next year. That's on a 74% gain in sales to $488 million.So far, Beyond Meat stock has beat on earnings and revenue estimates in all three of its public earnings reports. If -- and this is a big if -- Beyond Meat can deliver on profit in 2020 and hit $500 million in sales, bulls may be able to maintain momentum and give the short-sellers a good squeeze.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Stocks That Cautious Investors Should Sell Now * 7 Healthcare Stocks With 100% Street Support * 3 Chinese Stocks to Buy, Sell, or Play from Either Side The post Buy Beyond Meat Stock on Possible Starbucks Deal? appeared first on InvestorPlace.
Are you buying what Wall Street is selling today? If it involves Beyond Meat (NASDAQ:BYND) stock I'd suggest politely declining headline worries and instead work on placing a first order in shares or even a second helping. Let me explain.Source: calimedia / Shutterstock.com Wednesday wasn't a great day using a straightforward price performance metric in BYND shares. The faux-meat upstart and recent IPO finished the day off by 5.25%. Thursday saw another 3.7% trimmed off the price before after-hours trading gave back 2%To be sure, a drop of that size could be and most often is considered a large eye-poke for most publicly traded companies. Importantly though, in Beyond Meat stock you could rightfully label the price action a case of mild indigestion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe fact is BYND stock has been one of the markets standout performers in early 2020. Shares have soared more than 60% in less than three weeks. Earlier this month rival and privately held Impossible Meats announced it was axing its pursuit to get on to McDonald's (NYSE:MCD) menu. That's good news as Beyond Meat looks to lock up its own licensing agreement with the fast food behemoth. And in turn, investors sent shares soaring by as much as 80% in six trading sessions. * 9 Up-and-Coming Small-Cap Stocks to Watch This week BYND stock saw another supportive flame lit under shares. On Tuesday Beyond Meat jumped 18% after coffee and breakfast-fix giant Starbucks (NASDAQ:SBUX) announced plans to explore plant-based menu options as it strives to become a "resource-positive" company.In 2020's more complete context, the combined Wednesday-Thursday 8.3% grilling is mostly insignificant and easily chalked up to simple profit-taking. But if you're aching to point fingers somewhere else, look no further than Burger King's largest franchisee Carrols Restaurant Group (NASDAQ:TAST).On Wednesday the company announced sales of its Impossible Foods-based Whooper are off to 28 per store per day from 32 in its last reporting period. Unsurprisingly, the news stoked concern the fake meat market is dead in its tracks. But is it? At the end of the day, if baby bull markets are raised out of fear and forced to climb walls of worry, BYND stock has a lot going for it off and on the price chart. Beyond Meat Stock, by the Chart Source: Charts by TradingViewYou could say I've been an early advocate of Beyond Meat stock. Not only is the company's product routinely found in my fridge, but in early January, I also detailed an early-bird buy strategy at $81 in front of BYND's massive breakout from a key congestion pattern. * The Top 5 Dow Jones Stocks to Buy for 2020 The resulting price action has re-established Beyond Meat's deserved reputation as a volatile momentum stock. It's not for the faint of heart. But for those investors comfortable with those risks and owning one of the market's top growth and hotly contested battleground stocks, there are ways to reduce the chances of owning a fatty investment that's unkind to the portfolio.One way to enter into Beyond Meat stock is momentum-based and wait for a price move through $138. This entry is a couple percentage points above the recent high. It makes an allowance for price volatility while also clearing the Fibonacci 38% resistance level. I'd use this week's closing high of $129.18 as an initial stop to guard against possible larger losses.Bottom line, this is a potentially very fast, money-style trade and taking initial profits near the 50% retracement level at $155 makes sense in relation to the risks taken on the price chart. Moreover, with earnings less than two weeks out, this exposure needs to be actively reassessed. And if you're like me, that should include using Beyond Meat stock's options market for more secure, risk-adjusted opportunities.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) stock and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Stocks That Cautious Investors Should Sell Now * 7 Healthcare Stocks With 100% Street Support * 3 Chinese Stocks to Buy, Sell, or Play from Either Side The post Is it Time to Come Back for Seconds on Beyond Meat Stock? appeared first on InvestorPlace.
A new coronavirus that has killed 26 people in China was confirmed in Europe for the first time on Friday as it spreads despite Chinese attempts to quarantine the city at the heart of the outbreak. China closed Shanghai Disneyland and part of the Great Wall and suspended public transportation in 10 cities as it rushed to contain the virus, stranding millions of people at the start of the country's Lunar New Year holiday. Wuhan, a city of 11 million where the virus was first identified, is in virtual lockdown.
McDonald's partnered with the Council for Adult and Experiential Learning (CAEL) to offer all employees a real-time career advising tool. The workers can also browse existing opportunities at McDonald's restaurants and corporate headquarters. McDonald's "forward-thinking" approach puts it in a better position to grow future managers from within the organization, Marie Cini, president of CAEL said in the press release.
The stake is being sold by state-owned CITIC Ltd , which together with CITIC Capital and Carlyle Group bought 80% of McDonald's China business in 2017. Zhang Yichen, talking to Reuters Global Markets Forum participants on the sidelines of the World Economic Forum meeting in Davos, Switzerland, said the final result of the sale should be known in early February. "Getting an additional stake will consolidate the control of the company in the hands of CITIC Capital which will facilitate (the) long-term stability of the company," said Zhang, who is also chairman of McDonald's China and Hong Kong.
Chinese private equity firm CITIC Capital plans to raise $200 million by listing a "blank cheque" special purpose acquisition company (SPAC), according to a filing with the U.S. Securities and Exchange Commission. The flagship alternative investment arm of conglomerate CITIC Group will be the first state-owned company from China to list an SPAC - a vehicle that raises funds for the sole purpose of using the money for acquisitions. The SPAC, named CITIC Capital Acquisition Corp, said in the filing it intends to search globally for companies in the energy efficiency, clean technology and sustainability sectors.
McDonald's (MCD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DOW UPDATE Shares of IBM and Intel are seeing strong returns Wednesday morning, propelling the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 108 points (0.
McDonald's Corp (NYSE: MCD ) is testing a new chicken sandwich across three states and the National Owners Association is urging McDonald's franchise owners not to "get distracted" with inaccurate ...
McDonald's Corp. said Wednesday that it has launched an app that will help its employees take full advantage of the education benefits the fast-food giant offers. Archways to Careers will serve as a career advising tool that will connect workers with professionals at InsideTrack, a McDonald's partner and coaching organization. The app builds on the Archways to Opportunity program that helps workers learn English language skills, get a high school diploma and provides financial aid for college tuition. McDonald's stock has gained 14.4% over the past year while the Dow Jones Industrial Average is up 19.6% for the period.
McDonald's today announced the launch of a new career exploration mobile application called Archways to Careers that will help restaurant employees nationwide maximize education benefits and take the next step in their professional journey– whether at McDonald's or elsewhere. Built with long-standing partner, the Council for Adult and Experiential Learning (CAEL), and with support from InsideTrack, a national success coaching organization, McDonald's will now be able to offer all restaurant employees a real-time career advising tool that connects them to InsideTrack's professional and credentialed advisors to support, coach and help them chart a path to achieve the future job or career they desire.