What's Going On With Fast-Food Giant McDonald's Shares Today?
Portfolio Pulse from Shivani Kumaresan
McDonald's Corp. (NYSE:MCD) plans to extend its $5 meal deal across most U.S. locations to attract cost-conscious diners. The initiative, launched on June 25, aims to draw customers back amid inflation. Early results are positive, and the company is considering further extensions and additional affordability strategies. McDonald's will announce its Q2 earnings on July 29. The stock has lost over 12% in the last 12 months but is trading higher by 0.33% at $258.13. Investors can also gain exposure via Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Vanguard Consumer Discretionary ETF (NYSE:VCR).
July 22, 2024 | 3:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
McDonald's extends its $5 meal deal to attract cost-conscious diners, showing early positive results. The company is considering further extensions and additional affordability strategies. Q2 earnings announcement on July 29.
The extension of the $5 meal deal is likely to attract more customers, potentially boosting revenues. Positive early results and upcoming Q2 earnings could further impact the stock positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to McDonald's through the Vanguard Consumer Discretionary ETF (VCR). The fund may benefit from McDonald's positive initiatives and potential revenue growth.
VCR holds McDonald's as part of its portfolio. Positive developments at McDonald's could benefit the fund's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to McDonald's through the Consumer Discretionary Select Sector SPDR Fund (XLY). The fund may benefit from McDonald's positive initiatives and potential revenue growth.
XLY holds McDonald's as part of its portfolio. Positive developments at McDonald's could benefit the fund's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50