120.63 0.00 (0.00%)
After hours: 4:15PM EST
|Bid||120.42 x 1400|
|Ask||120.99 x 1800|
|Day's Range||120.32 - 120.92|
|52 Week Range||91.73 - 124.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||23.46%|
|Beta (3Y Monthly)||1.15|
|Expense Ratio (net)||0.13%|
Shares of McDonald's Corp. rose 0.9% in premarket trading Friday, after Longbow Research analyst Alton Stump got back to being bullish on the fast-food giant, citing confidence in new-Chief Executive Chris Kempczinski. Stump raised his rating to buy, after downgrading the stock to neutral on May 1. He set his price target at $227, which is 17.6% above Thursday's closing price of $193.08. "While we were of course disappointed to hear the news of former CEO Steve Easterbrook's departure earlier this week, we believe McDonald's is in good hands under new CEO Chris Kempczinski," Stump wrote in a note to clients. "Since his promotion to president of McDonald's USA in January 2017, Mr. Kempczinski has played an integral role alongside Mr. Easterbrook in overseeing an impressive domestic same-store sales recovery." The stock has lost 11.4% over the past three months, while the SPDR Consumer Discretionary Select Sector ETF has gained 1.6% and the Dow Jones Industrial Average has advanced 4.9%.
Some market watchers believe that investors are overlooking earnings weakness and betting big on stocks buoyed by hopes. However, it isn't a weak earnings season for all sectors.
As the extended bull run is manifesting itself in new highs for the S&P 500 and Dow Jones Industrial Average, it’s been companies like Amazon that have been leading the charge with growth. “Amazon, meanwhile, is 72 times as large as it was in 2000. “Amazon has hundreds of thousands of employees staffing its fulfillment centers and handling other distribution tasks, many of whom are paid hourly wages starting at $15 an hour,” the article added.
Amazon shares fell as much as 9% in after-hours trading on Thursday after the online retailer missed on third-quarter earnings expectations. It was down 2.4% in early morning trading on Friday. Investors ...
The negative stock performance of AMZN might reverse given the positive earnings estimate revision trend, which is generally a precursor to an earnings beat, and attractive fundamentals.
Facebook, Amazon, Netflix, and Google (FANG) stocks were the toast of the town during the height of the aging bull run. However, there are still exchange-traded funds (ETFs) to capitalize on if investors are still feeling that FANG fever.
Facebook, Amazon, Netflix, and Google (FANG) stocks were the toast of the town during the height of the aging bull run. However, there are still exchange-traded funds (ETFs) to capitalize on if investors ...
With unemployment low and the U.S. consumer still strong, it's easy to see why some of the most widely held consumer ETFs are performing well.
U.S. equities continue to tread water as investors contend with a cross current of catalysts. From worries about the inter-bank lending market to the ongoing threat of war with Iran, concerns are being offset by the continued strength of the U.S. job market and recent interest rate cuts by the Federal Reserve.Given this dynamic, it's not surprising that the bulls are thus focusing on consumer stocks heading into the pivotal holiday shopping season. The Consumer Discretionary Select Sector SPDR Fund (XLY) is bouncing nicely off of its 50-day moving average and looks set for a challenge of double-top resistance. * 7 Worst Stocks in the S&P 500 in 2019 Here are seven key consumer stocks that are pushing higher:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Target (TGT)Target (NYSE:TGT) shares are on the verge of pushing to new highs, threatening to break above the $110-a-share level. Last week, management announced a new $5 billion share repurchase program. This led to positive analyst comments from Credit Suisse this morning.The company will next report results on Nov. 20 before the bell. Analysts are looking for earnings of $1.18 per share on revenues of $18.5 billion. Nike (NKE)Nike (NYSE:NKE) shares are continuing to contend with triple-top resistance from a trading range going back to March. Watch for an upside breakout here as Needham analysts were recently out with a positive report after conducting a data analysis of some 4,500 Nike products sold online. Their findings were that pricing power remains strong which will bolster margins. * 7 Triple-'F' Rated Stocks to Leave on the Shelf Nike will next report results on Sept. 24 after the close. Analysts are looking for earnings of 71 cents per share on revenues of $10.4 billion. Phillip Morris (PM)Cigarette maker Philip Morris International (NYSE:PM) is set to benefit from the Trump Administration's decision to explore the outlawing of non-tobacco flavor vaping liquid after the rise of scores of lung problems in users. Not only will this limit market availability, but it casts a cloud of risk and uncertainty across the industry -- with many turning thus to traditional cigarettes to fill their nicotine needs. VFCorp (VFC)VFCorp (NYSE:VFC), maker of apparel brands including The North Face and Vans among others, will next report results on Oct. 18 before the bell. * 8 Dividend Stocks to Buy for a Recession Analysts are looking for earnings of $1.30 per share on revenues of $3.4 billion. Pivotal Research Group analysts recently raised their price target to $90 per share on better results for Vans. Ulta Beauty (ULTA)Shares of Ulta Beauty (NASDAQ:ULTA) gain of roughly 30% from here. This would mark a recovery from a big post-earnings decline after the company lowered its full-year earnings guidance.The company will next report results on Dec. 5 after the close. Analysts are looking for earnings of $2.20 per share on revenues of $1.7 billion. Advance Auto Parts (AAP)Shares of Advance Auto Parts (NYSE:AAP) are pushing up and over their 200-day moving average, setting the stage for a return to the prior highs seen in April and May. Watch for another challenge of the upper end of its two-year consolidation range with a return to the $180-a-share level, which would be worth a gain of some 13% from here. * 10 Excellent Stocks to Watch for 2020 and Beyond AAP will next report results on Nov. 12 before the bell. Analysts are looking for earnings of $2.06 per share on revenues of $2.3 billion. Amazon (AMZN)We couldn't have a list of consumer stocks without mentioning Amazon (NASDAQ:AMZN), the king daddy of all retailers, which looks ready for another share price bounce off of its 200-day moving average. The company looks set to once again dominate the holiday shopping season with its popular line of smart devices and Prime deals.Amazon will next report results on Oct. 24 after the close. Analysts are looking for earnings of $4.50 per share on revenues of $68.7 billion.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post 7 Consumer Stocks Ready to Rally Hard appeared first on InvestorPlace.
These sectors witnessed higher activities in the month of August defying shrinkage in U.S. manufacturing activity. Investors can thus take a look at these ETFs.
Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss what's moving markets on Wednesday, Sept. 25 with Shawn Cruz, manager of trader strategy at TD Ameritrade, and David Waddell, chief investment officer at Waddell & Associates.