Looking for more actionable trade ideas to navigate the current market volatility? Members of InvestingPro get exclusive ideas and guidance to navigate any climate.Stocks on Wall Street closed mostly lower on Friday to cap off another losing week as investors digested the latest round of corporate earnings results while continuing to focus on the Federal Reserve’s outlook for interest rates.
If that is in fact confirmed, it would mark McDonald’s largest quarterly sales total in eight years, dating back to Q3 2015, as the fast-food giant benefits from higher menu prices, unique marketing promotions, and a successful digital loyalty program. McDonald’s, which is one of the thirty components of the Dow Jones Industrial Average, has come under pressure in recent weeks amid the broader market selloff, which saw it wipe out its gains for the year.
Market participants expect a sizable swing in AMD shares following the print, as per the options market, with a possible implied move of about 9% in either direction. Shares declined 4.4% after its last earnings report in early August.
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