MCD - McDonald's Corporation
| Previous Close | 218.27 |
| Open | 219.18 |
| Bid | 218.14 x 1000 |
| Ask | 218.60 x 900 |
| Day's Range | 217.30 - 219.82 |
| 52 Week Range | 156.56 - 221.93 |
| Volume | 2,475,802 |
| Avg. Volume | 2,944,209 |
| Market Cap | 166.814B |
| Beta (3Y Monthly) | 0.33 |
| PE Ratio (TTM) | 28.69 |
| EPS (TTM) | 7.61 |
| Earnings Date | Oct 21, 2019 - Oct 25, 2019 |
| Forward Dividend & Yield | 4.64 (2.20%) |
| Ex-Dividend Date | 2019-08-30 |
| 1y Target Est | 232.17 |
- Motley Fool
CBS and Viacom Finally Tie It Off
After years of deliberation, the merger is finally approaching a close, and the entertainment world gets a little smaller.
- Barrons.com
Companies That Embrace Sustainable Investing See Their Sales — and Stocks — Rise
NYU professor Tensie Whelan is bridging the gap between people focused on sustainability and those focused on financial metrics. Her methodology offers a way to measure the real financial impact of investing in sustainable practices.
- Zacks
Dunkin' Brands' Shares Gain Nearly 30% YTD: More Room to Run?
Several sales-building efforts, unit expansion and increased focus on refranchising are favoring Dunkin' Brands' (DNKN) revenue and earnings growth.
- Motley Fool
These 2 Stocks Are the Real Winners in the Food Delivery Wars
If you're looking to profit from the food-delivery boom, there's a better way to play it than the delivery stocks themselves.
- Yahoo Finance
Why Jimmy John's 'doesn't trust' third-party delivery apps like Grubhub, Uber Eats
Jimmy John's is doubling down on its "freaky fast" delivery promise — and is refusing to work with food delivery giants like GrubHub, Uber Eats, and Postmates.
- Investor's Business Daily
Dunkin' Brands, IBD Stock Of The Day, Tests Buy Point With This Highly Bullish Signal
Dunkin' Brands is IBD Stock Of The Day. It's testing a buy point, with a tasty chart offset by so-so earnings. Starbucks and other restaurants are stock market leaders.
- Yahoo Finance
Olive Garden website glitches during Lifetime Pasta Pass promotion
Olive Garden's Never Ending Pasta Pass sold out "instantly." But some fans experienced glitches.
Motley FoolMcDonald's Corp (MCD) Q2 2019 Earnings Call Transcript
MCD earnings call for the period ending June 30, 2019.
- Motley Fool
Jack in the Box Keeps Growth on the Menu
The fast-food chain outperformed last quarter, but still got smoked by some rivals.
- Zacks
Zacks Earnings Trends Highlights: Macy???s, Amazon, McDonalds, Caterpillar, CSX Corp., Borg Warner
Zacks Earnings Trends Highlights: Macy???s, Amazon, McDonalds, Caterpillar, CSX Corp., Borg Warner
- Benzinga
These Traders Would Stay Away From McDonald's For Now
On CNBC's "Trading Nation," Mark Newton of Newton Advisors and Quint Tatro of Joule Financial spoke about McDonald's Corp (NYSE: MCD). Newton said the Relative Strength Index in McDonald's is near 80.
- InvestorPlace
The 8 Best Cash Cow Stocks to Buy for Stable Returns
[Editor's note: "The 8 Best Cash Cow Stocks to Buy for Stable Returns" was previously published in March 2019. It has since been updated to include the most relevant information available.]One of the most popular investment strategies is to focus on fast-charging growth companies. The appeal, of course, is that you can get in on the ground floor of a paradigm-shifting industry. But remember the adage cash is king. The most dependable stocks to buy are usually what people call "cash cows."While no one will criticize sharply rising growth metrics, cash flow represents a business' lifeblood. A weakened cash position can lead to severe problems further down the road, even with strong growth. No matter how viable an organization, it must find a way to keep the lights on. That's why some of the best investments also feature consistent free cash flow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother reason to look at a company's money outflows as opposed to strictly its income statement is flexibility. Simply put, well-financed operations have more options. They can choose to put money to work through key investments, or to expand operations. * 15 Growth Stocks to Buy for the Long Haul And if the worst happens, and the underlying industry hits a recession, cash cows can better weather the storm. Because of this dynamic, you'll want to at least peek at the cash flow statement for your target investments.Below are the eight best cash cow stocks to buy now: McDonald's (MCD)I'm going to make a confession straight off the bat. I don't understand why people eat at McDonald's (NYSE:MCD), particularly those who do so regularly. Admittedly, they make great coffee and their French fries are to die for, but the rest of it? Not quite so appetizing.Source: Shutterstock Nevertheless, I don't need to understand a phenomenon to recognize that it's working. Moreover, those who are looking primarily for reliable stocks to invest in should seriously consider MCD stock.Last year, the iconic fast-food company generated nearly $5.6 billion in cash flow from operations. In their most recent reported quarter, MCD produced earnings per share of $1.97, in-line with analysts' average estimate.Additionally, McDonald's enjoys consistent FCF every year, offering invaluable confidence in a rising, but unpredictable market. Plus, MCD pays out a 2.20% dividend yield, which management should have no problems sustaining. Aflac (AFL)We often say that there are two guarantees in life: death and taxes. In reality, we should add a third, which is random events that conspire to ruin your day. Whether it's a massive accident or a debilitating illness, stuff happens. When it does, Aflac's (NYSE:AFL) insurance products can help you or your family recover financially.Source: Shutterstock It's amazing how much a relatively common occurrence, such as a broken leg, can add up to serious out-of-pocket expenses. Just for the consistent demand, AFL should be on most people's list of stocks to buy. And as you might expect, Aflac enjoys robust cash flows from operations. * 15 Growth Stocks to Buy for the Long Haul AFL is one of those conservative stocks to buy that have performed well in the markets. On a year-to-date basis, shares are up 16%. Better yet, Aflac pays out a 2% dividend yield. Steady growth and passive income? AFL is too good to ignore. Paychex (PAYX)If you're asked to come down to the human resources department, chances are, it's for unpleasant reasons. Nevertheless, HR plays a crucial role as it deals directly with a company's most valuable asset: people. You can never go wrong with experts in this field, which is why Paychex (NASDAQ:PAYX) is a consistent winner.Source: Shutterstock But another factor boosting PAYX is their product flexibility. Despite their big-name brand, they offer scaled solutions for virtually any organization. From tiny businesses with a lone employee to major, multinational firms, PAYX can tailor-fit an effective, efficient platform. That will come in handy over the next few years as new businesses focus on agility rather than brute size.As you might expect, Paychex features a healthy balance between growth and cash flows; PAYX is up 18% year-over-year. Activision Blizzard (ATVI)The video game sector offers some of the best stocks to invest in. Thanks to gaming culture and tournaments going mainstream, this is an industry that will perpetually rise higher. Over the longer-term, this presents a viable tailwind for Activision Blizzard (NASDAQ:ATVI).Source: Shutterstock Admittedly, though, the ride in ATVI hasn't been an easy one. While its YTD performance is pretty much flat, shares have gyrated severely multiple times. Investors have an understandable concern that they're buying into ATVI near at or near its highs. Moreover, Activision has suffered significant competition; namely, Epic Games' "Fortnite." * 15 Growth Stocks to Buy for the Long Haul Still, I'm not worried. In terms of first-person shooting games, ATVI is still the king. Its "Call of Duty" series is legitimately a cash cow. Furthermore, Activision's financials have consistently demonstrated rising cash flow from operations. That might take a hit this year due to the competitive environment.However, don't count out ATVI. Not only can Activision leverage its own strengths in shooter games, "Fortnite" mania may be peaking. Alphabet (GOOG, GOOGL)Out of all the cash cow stocks to buy, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stands alone. One of the chief reasons why is due to the company's prevalence across multiple lucrative markets. From laptops to cloud computing to driverless-vehicle technology, GOOG disrupts any sector it wishes.Source: Shutterstock \ But the biggest reason I like Alphabet is that it dominates the internet. I realize that it's a tired argument because everybody has mentioned it. That doesn't mean, though, that the argument is any less valid.For instance, we all know that Google is the most popular search engine, but the gap between first place and second-ranked Bing is a whopping 66%!Moreover, Google is the unquestioned leader of mobile and tablet search engines with a 93% market share. In order to get anything done online, you essentially must go through Alphabet. And if your company doesn't rank well on Google, you're dead in the water. Philip Morris International (PM)On the surface, it appears big tobacco firms like Philip Morris International (NYSE:PM) face a double-whammy.Source: Taber Andrew Bain Via FlickrFirst, Americans are smoking cigarettes at a significantly reduced rate. Also, the under-18 crowd isn't taking up the habit like prior generations had. Second, the vaping market has exploded in popularity thanks to its cleaner platform.I don't think it's over for Philip Morris. For one thing, several markets, including the eastern Mediterranean and Africa, have witnessed a lift in smoking rates. That, of course, suits PM perfectly, which is the international arm of the iconic tobacco firm. PM stock has rebounded this year. On a YTD basis, shares have gained nearly 26%. * 15 Growth Stocks to Buy for the Long Haul Second, PM is intently focused on IQOS, which is a type of vaporizer. What makes IQOS distinct from the vaping competition is authenticity. PM understands the nuances that smokers are looking for, and they seek to replicate that experience in a digital platform.Best of all, Philip Morris is a cash-rich organization. That provides substantial confidence in the company's generous 5.4% dividend yield. Gilead Sciences (GILD)Thanks to an unpredictable political environment, and an extremely-competitive atmosphere, several pharmaceuticals have underperformed this year. Gilead Sciences (NASDAQ:GILD) is no exception, with GILD shares having gained only a little less than 3% YTD under choppy conditions.Source: Shutterstock But in the long run, I don't expect this pressured situation to continue. Earlier this year, Gilead announced positive results from a late-stage clinical trial of a rheumatoid arthritis drug. Additionally, management is looking forward to developing iterations of its HIV drug, Biktarvy. GILD could develop an injectable version of Biktarvy for patients who are resistant to the drug.If nothing else, GILD belongs on your list of stocks to buy thanks to its cash position. Even under a challenging environment, Gilead managed nearly $12 billion in operating cash flow last year. The company is more than stable enough to continue supporting its dividend yield, which currently stands at 3.9%. BCE (BCE)As Canada's biggest communications firm, BCE (NYSE:BCE) essentially has a moat. In this day and age, no one can survive without internet access. As such, BCE leverages extensive broadband and wireless networks that have a value north of $4 billion. The company's broadband footprint extends out to 9.2 million locations, and it offers LTE wireless coverage for almost every Canadian.Source: Shutterstock These impressive stats finally have started to translate into market success. So far this year, BCE shares are up 17%. * 15 Growth Stocks to Buy for the Long Haul Shares have grown slowly and steadily since the beginning of the year, suggesting the worst of the volatility is behind it. Second, BCE's revenues have steadily increased over the past three years, and we're on pace for a fourth. Finally, BCE offers a generous 5.15% dividend yield, which the company can support.Last year, the telecom firm had $5.8 billion in operating cash flow, and $2.6 billion FCF. Unless Canadians suddenly stop using the internet, you can trust BCE.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post The 8 Best Cash Cow Stocks to Buy for Stable Returns appeared first on InvestorPlace.
- TipRanks
MKM Partners Initiates Buy Ratings on 3 Popular Restaurant Stocks
The restaurant industry typically has razor-thin profit margins, but one analyst sees plenty of return potential in three popular chains. MKM Partners’ Brett Levy (a 3-star analyst according to Tip Ranks) initiated Buy ratings on Outback Steakhouse parent Bloomin’ Brands, McDonald’s, and Papa John’s Pizza. All have interesting stories behind them, and each presents a different case for investors. Levy lays out a clear bull case for each stock. Bloomin’ Brands, Inc. (BLMN)Best known for its chain of Outback Steakhouse restaurants (whose signature ‘Bloomin’ Onion’ dish gives the parent company its name), Bloomin’ recently beat its Q2 earnings expectations by 2.8%, reporting EPS of 75 cents. It was the fourth quarter in a row that BLMN had reported an earnings beat, although Levy notes that the company’s annual sales have been steady in the range of $3.5 to $4.5 billion for the past several years, and says, “Posting in-line results or even modest beats versus a long-term growth profile won't be enough to impress investors.”Levy sees the company making the necessary changes, however, and positioning itself to improve those annual sales numbers. He writes, “Bloomin' Brands' top strategic priorities consists of improving sales through store remodels and relocation, enhanced menu through a focus on value, enhanced promotions, and superior in-store execution… At the same time the company is focusing on growing segments of the restaurant industry, including take-out growth, delivery expansion, and a new multi-branded loyalty program.”In line with his approval of BLMN management’s forward plans, Levy started coverage on this stock with a Buy rating and a $20 price target. BLMN currently sells for $16.78 and has a 30% upside based on the $21 average price target. The stock’s Moderate Buy consensus rating is derived from 6 buys, 1 hold, and 1 sell assigned in the past three months. It is worth noting here that even Bloomin’s lowest price target, $18, implies an upside of 7%; even those analysts hedging their bets on the restaurant chain believe it has potential for growth. McDonald’s Corporation (MCD)The early innovator in the fast food industry has long been a staple of the stock market. And while founder Ray Kroc was notoriously close-fisted, the company has a history of generously rewarding investors. The stock has shown consistent gains over the last three years, is up 23% year-to-date, and the dividend, while yielding a modest 2.11%, pays out a lucrative $4.64 annually due to the high share price. It’s no wonder that Mickey Ds would draw the attention of a stock analyst opening coverage of the restaurant sector.In his note on McDonald’s, Levy writes, “McDonald’s valuations continue to test new highs, but the company has continued to produce strong and consistent results, outpacing other highly franchised global concepts. We believe the combination of strong domestic and international sales growth is sustainable and when coupled with strong cash flow generation and consistent returns to shareholders, is supportive of a premium valuation...”McDonald’s is the strongest of the stocks in this article, with a Strong Buy from the analyst consensus, based on 17 buys and 5 holds given in the last three months. MCD shares are currently trading for $219, and have a 4.5% upside based on an average price target of $229. Levy’s price target, $250, suggests room for a substantially higher 13% upside. Papa John’s International, Inc. (PZZA)It’s no secret that Papa John’s Pizza has been hurting in the past year. From founder and now-former CEO John Schnatter’s mouthing-off problems, to basic issues like menu and product quality and franchisee relations, Papa John’s has faced a series of challenges that have impacted the bottom line. To underline the trouble, starting in Q3 of last year the company reported three quarterly losses in a row.That is starting to change with Q2, as PZZA has just reported its first quarterly profit in a year. The $8.4 million in net gains for the quarter was less than Q2 2018, but still a dramatic improvement from losses, and the 28 cent adjusted EPS was a welcome boon for investors. The company’s new CEO, Steve Ritchie, described Q2 as, “our third quarter of sequential improvement…” and said of the turnaround efforts, “I’m not going to say that we are out of the woods. But the franchisees do have confidence that we have a strong brand and new leaders.”Analyst Levy, in examining PZZA, noted three key points in the company’s strategy: “Greater value focus and new marketing initiatives [they have taken on Shaquille O’Neal as brand ambassador]; Fostering a better relationship with franchisees, including financial assistance; and, Bringing new operational and strategic talent, including the recent appointment of activist investor and Starboard Value CEO Jeff Smith as chairman.”He goes on to say, “Papa John's is implementing a return to basics, back to its ‘Better Ingredients, Better Pizza (BIBP)’ motto, but a turnaround is never easy... The case for buying Papa John's isn't made solely on easy comparisons from recent operating struggles. Rather, a new collaborative approach across the entire company and a willingness to bring new products and ideas could potentially result in a fundamentally led stock performance recovery.” PZZA gets a Buy rating from Levy, who quips that, in the pizza business, “it’s better to be early than late.” His price target of $55 indicates confidence in a 21% upside.Overall, Papa John’s has a Moderate Buy rating based on an even split – 3 buys and 3 holds given in the last three months. The stock sells for $45, and the average price target matches Levy’s at $55.Visit TipRanks’ Analysts’ Top Stocks page to find out what else is trending in today’s markets.
- Benzinga
MKM On McDonald's: The Future Is Now
McDonald's Corp's (NYSE: MCD ) ongoing investments in its business has successfully resulted in bringing the future of the business to the market today, according to MKM. The Analyst MKM Partners analyst ...
- Kiplinger
Vanguard Dividend Growth Reopens. Enter at Will.
Why you should consider investing in this terrific fund now.
- Yahoo Finance
Olive Garden to offer Lifetime Pasta Passes: Unlimited pasta, soup, salad and breadsticks for life
Olive Garden's Never Ending Pasta Pass is back for its fifth year, but this time 50 lucky winners will have the chance to buy a Lifetime Pasta Pass.
- Yahoo Finance
Why Red Lobster is aggressively expanding into China despite the trade war
Red Lobster's CEO Kim Lopdrup explains why they are opening stores in China even as the trade war rages on.
- TipRanks
10 Trending Stocks Based on Recent Analyst Activity
Investors are constantly looking for stocks that will hold up regardless of economic uncertainty. A good starting point is recent analyst activity. A ratings boost or a price target increase can give us a better sense as to whether a company has the potential to outperform the rest. Not to mention these changes can have an effect on share prices. For example, Salesforce.com (CRM) is up 2% after Compass Point initiated its coverage with a Buy on August 13.Here are 10 trending stocks based on recent analyst activity. McDonald's Corporation (MCD)The fast food giant just received good news from MKM Partners. Brett Levy, a three-star analyst according to TipRanks, initiated his coverage of MCD with a Buy and set a $250 price target. He thinks share prices could increase by 15% over the next twelve months. “We believe that strong domestic and international sales growth is sustainable for the restaurant chain,” Levy explained on August 12. The analyst has an impressive 71% success rate.MCD boasts a ‘Strong Buy’ analyst consensus and a $230 price target, suggesting 6% upside potential. D.R. Horton Inc. (DHI)D.R. Horton is one of the largest home construction companies in the U.S. On August 12, SunTrust Robinson’s Rohit Seth initiated coverage with a Buy rating and set a $56 price target, suggesting 19% upside potential. “We see the stock as a premier large-cap homebuilder offering attractive cash generation with superior position in the rapidly growing entry-level segment. We expect D.R. Horton to outperform in the second half of this year with orders and price mix as the homebuilding industry growth accelerates thanks to lower interest rates,” he noted. The four-star analyst has a 58% success rate and gets a 12% average return per rating. The Street is bullish on DHI. The stock has a ‘Strong Buy’ analyst consensus and a $52 average price target, implying 12% upside. Humana Inc. (HUM)The health insurance provider just received a ratings boost from Cantor Fitzgerald analyst Steven Halper after it posted strong second quarter earnings results. On August 12, the five-star analyst upgraded the rating to a Buy and set a $345 price target, implying 17% upside potential. He argues that the company's strong 2Q19 results were fueled by continued success in Medicare Advantage and cost management. "MA continues to grow at a nice clip, and HUM’s recent Louisiana Medicaid contract award demonstrates its success outside Medicare. Importantly, we believe the company’s investments in population health management and social determinants of health will accelerate growth over time,” Halper added.The rest of the Street is cautiously optimistic. HUM has a ‘Moderate Buy’ analyst consensus and a $326 average price target, suggesting 10% upside potential. Walt Disney Company (DIS)Some investors have expressed concern regarding Disney's earnings miss. However, Credit Suisse’s Douglas Mitchelson stated, “While Disney [stock] has outperformed the S&P 500 by 8% YTD, we see scope for further upside to Disney+ investor sentiment into its U.S. launch. We see a number of positive catalysts the next few quarters and believe downside risks to Disney estimates are now well understood by investors." On August 8, he upgraded DIS to a Buy and raised the price target from $130 to $150, indicating 11% upside potential. The five-star analyst has a 61% success rate and gets an average return of 15%. DIS has a ‘Strong Buy’ analyst consensus and a $157 average price target, indicating 16% upside potential. PayPal Holdings, Inc. (PYPL)Jeff Cantwell, a five-star analyst, believes that the online payment company’s valuation represents an improved opportunity for investors. On August 13, the Guggenheim analyst upgraded PYPL from a Sell to a Hold. “We note the recent pullback in PYPL’s shares, which has occurred against a backdrop of increasing macro uncertainty; shares have now fallen below our prior $104 PT. We believe the current level probably better reflects PYPL’s fair value; in that context, we see risk/reward as being more balanced,” he explained. Cantwell has a 74% success rate and an average return of 16% per rating. The Street is optimistic about this stock. PYPL has a ‘Strong Buy’ analyst consensus and a $131 average price target, suggesting 27% upside potential. Roku Inc. (ROKU)On August 12, Needham’s Laura Martin gave the streaming platform a vote of confidence. The five-star analyst, reiterated her Buy rating and raised the price target from $120 to $150, suggesting 12% upside potential. The price target hike sent shares surging 7%. “Roku is an arms dealer in the streaming video space, as its hardware facilitates multiple streaming platforms. Roku is therefore able to present a highly targeted proposition to advertisers, as each new Roku user is assigned a unique device ID and all content viewed can be extracted for superior targeting,” she said. Martin has a 63% success rate and gets an average return of 21% per rating. Roku has a ‘Moderate Buy’ analyst consensus and an average price target of $115, implying 14% downside. Zendesk (ZEN)Zendesk provides customer service software and support ticketing services. After a second quarter that produced strong growth, the company received a boost from Compass Point analyst Marshall Senk on August 13. The five-star analyst initiated coverage with a Buy and set a $100 price target. He thinks share prices could soar by as much as 34% over the next twelve months. Senk has a 77% success rate and gets an average return of 22% per rating. The Street is also bullish on ZEN. It has a ‘Strong Buy’ analyst consensus and a $102 average price target, implying 38% upside potential. Creditcorp Limited (BAP)Creditcorp is the largest financial services holding company in Peru. The company just received a positive signal from J.P. Morgan after its August 9 Q2 earnings release. Three-star analyst, Domingos Falavina, upgraded BAP to a Buy and raised the price target from $232 to $250. He believes the stock could surge by 24% over the next twelve months. Falavina has a 70% success rate and gets an average return of 9% per rating. BAP has a ‘Moderate Buy’ analyst consensus and a $250 average price target, suggesting 24% upside potential. William Lyon Homes, Inc. (WLH)The home construction company just got a ratings boost from Wedbush analyst Jay McCanless. The three-star analyst upgraded his rating from a Hold to a Buy and raised the price target from $20 to $21, indicating 23% upside potential. He notes that the recent pullback in shares has effectively discounted the reduction in his 2019 EPS estimates following the Q2 results. "Overall, we view the shares as undervalued at current levels,” McCanless added on August 13.WLH has a ‘Moderate Buy’ analyst consensus and a $21 average price target, implying 18% upside. New Relic Inc. (NEWR) Despite the slowdown reported in its first quarter earnings, one analyst is vouching for the software analytics company. Joseph Bonner, a five-star analyst, upgraded NEWR from a Hold to a Buy and set a $93 price target on August 13. He believes share prices could jump 47% over the next twelve months, arguing that the slowed growth is not a long-term trend. The Argus Research analyst has a 67% success rate and gets a 12% average return per rating. NEWR has a ‘Moderate Buy’ analyst consensus and a $95 price target, suggesting 50% upside potential. Discover the Analysts’ Top-Rated Stocks right now
- Zacks
The Zacks Analyst Blog Highlights: Starbucks, Dunkin' and McDonald's
The Zacks Analyst Blog Highlights: Starbucks, Dunkin' and McDonald???s
- Investor's Business Daily
Stock Market Soars On China Tariff News; Apple Surges 5%
The major stock indexes surged higher after China tariff news early Tuesday. Chinese stock leader JD.com surged on strong earnings.
- TheStreet.com
Novice Trade: McDonald's
McDonald's is right near a 52 week high and appears poised to make a run at $230 a share. At the same time MCD calls are really cheap. Sep13, which have a month to go, $225 calls only cost about $1.
- TheStreet.com
McDonald's Stock Gets New Buy Rating at MKM Partners
McDonald's was rated 'buy' at MKM Partners, who also set a $250 price target on the fast-food chain's stock as it initiated coverage Tuesday.
- Investing.com
Stocks - JD.com, Verizon Rise Premarket; Exxon Mobil Falls
Investing.com - Stocks in focus in premarket trading on Tuesday:
- Financial Times
Watson urges Lib Dem collaboration to stop no-deal Brexit
Tom Watson, the deputy leader of the Labour party, has urged his colleagues to work with the Liberal Democrats to avoid a no-deal Brexit in a move that is likely to anger his party’s leader Jeremy Corbyn. Speaking alongside Liberal Democrat leader Jo Swinson at an event in central London on Tuesday, Mr Watson said that those in parliament opposed to Boris Johnson’s position to leave the EU on October 31, with or without a deal, should put aside their differences and collaborate across party lines this autumn.
