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☆ Cramer’s Stop Trading: McDonald's
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: McDonald'sCNBC’s Jim Cramer explains why he is keeping an eye on shares of McDonald's.

Persons: Jim Cramer Locations: McDonald's

☆ CNBC Daily Open: U.S. stocks little changed ahead of Big Tech earnings, McDonald's misses estimates
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields slipped and U.S. oil prices fell amid increasing tensions between Israel and the Iran-backed militia Hezbollah in Lebanon. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Bond investors benefit from price appreciation in a falling interest rate environment as bond prices and yields move inversely to each other.

Persons: McDonald's, iPhones, Max, Bitcoin, Donald Trump, Trump, Gary Gensler, Janus Henderson Organizations: CNBC, Big Tech, Nasdaq, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Republican, Bitcoin Conference, Metrics, Securities, Exchange Locations: U.S, Israel, Iran, Lebanon

☆ McDonald's has started selling an even bigger burger — the 14-ounce Big Arch
▼ + stars: | 2024-07-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The burger contains two beef patties, three slices of white processed cheese, crispy onions, raw onions, pickles, lettuce, and a new Big Arch sauce in a sesame seed bun, per a description of the burger on the McDonald's Portugal website. Advertisement"It's a quintessential McDonald's burger with a twist on our iconic familiar flavors," he said. The burger weighs 395 grams (about 14 ounces) and contains 1,065 calories, per McDonald's Portugal. "We thought the opportunity was about premium burger which was wrong," CFO Ian Borden said earlier this year. Another part of the plan included McDonald's launch of its "Best Burger" strategy last year, changing its burgers' ingredients and how they're cooked.

Persons: —, It's, Chris Kempczinski, Kempczinski, McDonald's, it's, Borden, Ian Borden Organizations: Service, Business Locations: Canada, Portugal, Ontario, Alberta, Lisbon

☆ Starbucks' turnaround takes an encouraging step forward. Here's what we what to see next
▼ + stars: | 2024-07-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Starbucks Why we own it : Starbucks has one of the most recognizable brands of any restaurant. Like Starbucks, McDonald's has had a challenging 2024 and the company reported uninspiring results — missing on revenues, same-store sales, and earnings per share. Quarterly commentary Comparable store sales in North America — a key restaurant industry metric — fell 2%, slightly beating estimates of a 2.2% drop forecasted by Wall Street analysts, according to FactSet. In Starbucks' international segment, comparable store sales fell 7%, missing estimates of a 5.1% decline. A Starbucks store stands in Manhattan on January 30, 2024 in New York City.

Persons: Elliott, Elliott Management's, Dunkin, McDonald's, We'd, Laxman Narasimhan, We're, Narasimhan, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Starbucks, Revenue, Elliott Management, Bros, McDonalds, Citi, Wall Street, CNBC, Getty Locations: China, North America, U.S, East, Southeast Asia, Europe, Manhattan, New York City

☆ CNBC Daily Open: Asian shares slide, U.S. stocks flat ahead of Big Tech earnings; McDonald's earnings miss
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Asia stocks weakenAsian stocks traded lower as the Bank of Japan began a two-day meeting where it is widely expected to raise benchmark interest rates. Japan central bank meetsThe Bank of Japan began its two-day policy meeting Tuesday amid expectations of an interest rate hike.

Persons: McDonald's, iPhones, Seng, Fortescue, JPMorgan, Yuri Khodjamirian, CNBC's Organizations: CNBC, Nasdaq, Big Tech, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Max, Bank of Japan, Nikkei, CSI, Australian Financial Review, Tema Locations: U.S, Israel, Iran, Lebanon, Asia, Australia, Japan

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm & more
▼ + stars: | 2024-07-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."

Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF

☆ McDonald's is falling short, needs to win over low-income consumers, key exec tells operators in memo
▼ + stars: | 2024-07-29 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +3 min

After a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals, as they pushed for an extension of the its $5 value meal platform. "Reversing the narrative and re-establishing our position as the leader on value and affordability is possible, but it cannot be done overnight," he wrote. Erlinger also acknowledged areas where the company was "falling short" in the U.S. this quarter. But he added that trial rates for the value meal launch were highest among low-income consumers, and sentiment around McDonald's value has started to improve. The memo said the majority of locations will extend through August, or plan to vote on whether to do so.

Persons: Joe Erlinger, McDonald's, Erlinger Organizations: CNBC Locations: U.S

☆ Americans keep turning their backs on McDonald’s
▼ + stars: | 2024-07-29 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. The plan focuses on value meal plans like the popular $5 meal introduced earlier this summer. He pointed to McDonald’s new emphasis on chicken, which is now on par with beef sales at restaurants. Whether or not that viral post was the final straw for McDonald’s customers, Americans have been punishing the company ever since.

Persons: McDonald’s, McDonald’s isn’t, Grimace’s, ”, Chris Kempczinski, hadn’t, Kempczinski, “, ” Kempczinski, — Organizations: CNN, Inflation, McDonald’s Locations: Burger, United States, Connecticut

☆ Jim Cramer says the market rotation isn't all about smallcap stocks
▼ + stars: | 2024-07-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Monday the recent reshuffling on Wall Street is about more than a resurgence in small-cap stocks. "This market is not experiencing a smallcap rally, it's experiencing a rally in everything else but the tech titans. Cramer suggested the market isn't being led solely by a few smaller-cap companies that are performing well. Instead, he said, large institutions may be buying poor quality small stocks "as part of a larger basket" with indexes like the Russell 2000 or the S&P Small Cap 600. There are also larger companies that have seen huge gains recently as part of the market broadening, he said, such as McDonald's .

Persons: CNBC's Jim Cramer, Cramer, Russell, Wall, McDonald's Organizations: titans

☆ Evercore's Palmer: McDonald's had a 'sobering quarter'
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore's Palmer: McDonald's had a 'sobering quarter'David Palmer, Evercore ISI managing director, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, how concerning the international markets are for fast food, and much more.

Persons: Evercore's, McDonald's, David Palmer

☆ Harbour: Broad slowing across restaurants as consumers become pickier
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarbour: Broad slowing across restaurants as consumers become pickierBrian Harbour, North America Restaurants Analyst at Morgan Stanley, discusses earnings from McDonald's and other restaurants.

Persons: Brian, Morgan Stanley Organizations: North America Locations: Brian Harbour, North

☆ Monday's rapid fire: 3M, Bristol Myers Squibb, McDonald's, On Semiconductor and Colgate-Palmolive
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday's rapid fire: 3M, Bristol Myers Squibb, McDonald's, On Semiconductor and Colgate-PalmoliveCNBC's Jim Cramer on Monday discussed notable stock moves in recent days, including the response to 3M's earnings and McDonald's quarterly results.

Persons: Jim Cramer Organizations: Bristol Myers Squibb, Semiconductor, Colgate, Palmolive Locations: McDonald's

☆ Stocks making the biggest moves before the bell: McDonald's, Tesla, Stellantis and more
▼ + stars: | 2024-07-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

McDonald's — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . Bristol-Myers Squibb — The pharma stock shed 1.5% following a downgrade to underweight from equal weight at Barclays. This call comes after Bristol-Myers Squibb issued better-than-expected earnings and raised its full-year guidance on Friday. Tesla — The electric vehicle maker advanced 1.5% after bring crowned the top pick U.S. auto stock by Morgan Stanley analyst Adam Jonas. The Marvel movie raked in more than $200 million during its opening weekend, making it the strongest debut on record for an R-rated film.

Persons: McDonald's, Olin, Myers Squibb, Myers, Tesla, Morgan Stanley, Adam Jonas, Stellantis, Microstrategy, —, Samantha Subin, Sarah Min, Michelle Fox, Fred Imbert Organizations: JPMorgan, Technologies, Guggenheim, Myers, pharma, Barclays, Myers Squibb, Bristol, Ford, Deutsche Bank, Chrysler, Dodge, Disney, Marvel Locations: Bristol, Monday's premarket

☆ McDonald's just admitted that it's too expensive, and it's driving some customers away
▼ + stars: | 2024-07-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

McDonald's says that high prices have contributed to its falling sales. He said customers are looking for more deals and either buying fewer items per order or cheaper items. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's just admitted that its food is too expensive, contributing to falling sales at the fast-food giant. This story is available exclusively to Business Insider subscribers.

Persons: McDonald's, —, Chris Kempczinski Organizations: Global, Service, Business

☆ We're making a flurry of moves: trimming 2 stocks and buying 2 others that have lagged
▼ + stars: | 2024-07-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Shortly after the opening bell, we will be selling 100 shares of Danaher at roughly $274.13. In addition, we will be selling 20 shares of Salesforce at roughly $264.89. We indicated this sale last Friday after the stock hit $275 – a profit-taking level Jim identified during our July Monthly Meeting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: We're, Jim Cramer's, Jim, Elliott, Elliott Management's, Jim Cramer Organizations: Disney, Starbucks, Elliott Management, CNBC Locations: Danaher, Salesforce

☆ McDonald’s earnings, revenue miss estimates as consumer pullback worsens
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald’s earnings, revenue miss estimates as consumer pullback worsensCNBC's Kate Rogers joins 'Squawk Box' to report on the company's quarterly earnings results.

Persons: Kate Rogers

☆ The reason why McDonald's stock is soaring despite a big earnings miss: Value meals
▼ + stars: | 2024-07-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

McDonald's global comparable sales fell 1% year-over-year last quarter, missing analyst estimates. The company plans to focus on value going forward as low income customers grow weary from inflation. McDonald's same-store sales fell 1% in the most recent quarter, marking the first decrease in same-store sales since 2020. Its net income for the quarter fell to $2.02 billion, down from $2.31 billion the year before. Low income customers, in particular, are shying away from fast food as inflation soas.

Persons: —, McDonald's, Chris Kempczinski, Joe Erlinger, Kempczinski Organizations: Service, Consumers Locations: New York, McDonald's, U.S

☆ Why Jim Cramer expects 3M to remain a 'big winner' — plus, his thoughts on 4 more stocks
▼ + stars: | 2024-07-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. 3M: Shares were slightly lower Monday, giving back some of their 23% surge Friday on the back of a better-than-expected quarter and raised outlook. New CEO Bill Brown, who took over at the industrial firm May 1, had success at L3Harris Technologies and "will be a big winner here," as well, Jim Cramer said. McDonald's : Shares rose 4% despite the fast-food giant reporting weaker-than-expected earnings and revenue along with same-store sales declines. That's the stuff that's moving up" while buzzier chip stocks tied to artificial intelligence, such as Arm Holdings , are struggling, Cramer explained.

Persons: Jim Cramer's, Bill Brown, Jim Cramer, Cramer Organizations: CNBC, Club, L3Harris Technologies, Bristol Myers Squibb, Semiconductor, Wall, Texas Instruments, Arm Holdings, Colgate, Palmolive

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

☆ One way employers can attract Gen Z talent is by ditching résumés, recruiter says
▼ + stars: | 2024-07-29 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Sophie O'Brien, the founder of the entry-level recruitment service Pollen Careers, told Business Insider that if companies want to hire the best-fitting Gen Z talent, they should ditch asking for a résumé. Gen Z are people aged 12 to 27. O'Brien found success in hiring Gen Z talent with less conventional methods. Advertisement"It's alienating Gen Z," she said. "This is groundbreaking for Gen Z, they absolutely love it," O'Brien said.

Persons: —, Sophie O'Brien, Gen, O'Brien, they'd, Zers, I'm, they've, Gen Z, we've, Majella Lavelle, résumés, Lavelle, Laura Littlehales, Littlehales, David Graham, Mobsta Organizations: Service, Business, CVs, Arsenal, Sporting, aren't, McDonald's

☆ Stocks making the biggest moves midday: Walt Disney, Dexcom, McDonald's, On Semiconductor and more
▼ + stars: | 2024-07-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Revvity — The life sciences company advanced 6% after posting a second-quarter earnings beat. Revvity's adjusted earnings of $1.22 per share topped the FactSet estimate of $1.12 per share. The new Marvel movie topped $200 million at the domestic box office, a record opening weekend for an R-rated film. Second-quarter adjusted earnings per share came in at 96 cents, versus the expected consensus estimate of 92 cents, per FactSet. The stock plunged more than 40% in the previous session after Dexcom reported disappointing second-quarter results and offered weak guidance.

Persons: Tesla, Morgan Stanley, Adam Jonas, Walt Disney, Dexcom, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: Management, Guggenheim, Ford, Deutsche Bank, Walt Disney —, Marvel, Semiconductor —, Revenue, Dexcom, Health Canada

Romona Smith, 20, Nashville, Tennessee Undergraduate subsidizing her college costs with shifts at Kroger and McDonald’s. “Me working wasn’t enough,” said Smith, who described the latter experience as strengthening her resolve. Living situation: Spending the summer rent-free with her college roommate and family in their five-bedroom home in Corona. Romona Smith, 20, NashvilleSmith is pursuing a double major in social work and psychology, along with a certification as a registered behavior technician to work with people with ADHD or autism. With her out-of-pocket tuition set to hit nearly $5,000 this fall, Smith wants to avoid another financial Hail Mary.

Persons: Romona Smith, Trump, ”, Smith, “, “ I’m, it’s, she’ll, —, who’s, I’m, Nashville Smith, She’s, she’s, Kamala Harris, Z, ” Smith, Mary, “ I’ve, haven’t, don’t Organizations: NBC, Kroger, McDonald’s, Tennessee State University, Pell, Seattle native’s, Democratic, Bank of America, American Locations: Nashville , Tennessee, Nashville, Corona , California, Corona ., Tennessee, “

☆ Fast-food chains battle for low-income diners with summer value meals
▼ + stars: | 2024-07-28 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

But these days, other fast-food chains have revived the $5 price point, hoping to win over customers who have cut back their spending. Sensing diners' fast-food backlash, players such as Brinker International's Chili's have used their marketing to highlight their own value relative to the cost of a fast-food meal. Shares of McDonald's, Burger King parent Restaurant Brands International and Wendy's have all slid by double digits this year. Taco Bell owner Yum Brands is down more than 1% in 2024. Restaurant Brands and Yum Brands are expected to report their quarterly earnings the following week.

Persons: Taco, Burger, Wendy's, McDonald's, Brinker, Rick Cardenas, Robert Byrne, Eric Gonzalez Organizations: Taco Bell, Darden, Burger King, Restaurant Brands, Yum Brands, CNBC, Restaurant

☆ I tried the signature burgers from McDonald's, Wendy's, and Burger King. I found the Big Mac underwhelming.
▼ + stars: | 2024-07-28 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I tried the signature burgers from three fast-food chains: McDonald's, Wendy's, and Burger King. I liked the smoky flavor of Burger King's Whopper, even though it was the priciest burger. AdvertisementAs a fast-food reporter, I've tried and tested many fast-food burgers over the years. USA Today reported in 2013 that McDonald's sold roughly 75 burgers every second, or 4,500 burgers every minute. Among those burgers, many of them are Big Macs — the chain's signature burger and arguably its most famous menu item.

Persons: Burger King, Mac, —, I've, McDonald's Organizations: Service, USA, Business Locations: America

☆ Some millennials are moving into neighborhoods with built-in golf and yoga that let them live like carefree retirees
▼ + stars: | 2024-07-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

The 13th hole on the Jack Nicklaus Signature Golf Course at Juniper Preserve. The golf course and clubhouse at Hualalai Resort in Hawaii. For Chelsea, a golf course community's "selling point" was simply the ability to enjoy nature. "I could go either way on living on a golf course — it didn't really matter to me," she added. "But the idea that when the golf course is closed, then you have this great big space between you and your neighbors.

Persons: —, Zers, lockdowns, Brandon, Chelsea Lehmann, Jack Nicklaus —, Jack Nicklaus, they're, Brandon Lehmann, Chelsea, Keith Poliakoff, Poliakoff, Kevin McDonald, Xer, Kristie, Kevin, they've, Nick Pantuliano, Pete, Pantuliano, it's Organizations: Service, Business, Juniper Reserve, Chelsea, Government, Group, Golf Foundation, PTM Partners, Juniper Locations: Bend , Oregon, Portland, Juniper, Bend, Brandon, Chelsea, Oregon, Florida, Hawaii, Toronto, Real, St, Petersburg , Florida, St . Petersburg

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