All posts by Todd Mitchell

Extreme Option Profits Chart of Day… McDonald’s (MCD)

Watch for opportunity in McDonald’s (NYSE:MCD).Shares were down nearly $5 on news the company fired CEO Steve Easterbrook over an inappropriate relationship with an employee. All after the company’s board determined that Easterbrook “violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” as reported by Fox Business.  McDonald’s has […]

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China presses Trump to remove more tariffs in ‘phase one’ trade deal

tariffs

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a “phase one” U.S.-China trade deal, people familiar with the negotiations said on Monday. The deal, which may be signed later this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to […]

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Adobe Stock Is Rising on Better-Than-Expected Guidance

forecast earnings

Adobe shares were rising after hours Monday after the company forecast earnings for its next fiscal year above expectations. The company provided guidance for its fiscal 2020 of $13.15 billion in sales and $9.75 of adjusted earnings per share, compared with the Wall Street average analyst estimates of $13.14 billion and $9.70, respectively. “Our strategy to unleash […]

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Blue-Chips Follow Suit to Tag Fresh All-Time High

U.S. markets opened at fresh record highs to start Monday’s action amid increasing optimism on trade. Commerce Secretary Wilbur Ross reiterated over the weekend that good progress was being made on a phase one deal with China and also suggested the U.S may not need to impose EU auto tariffs.The Nasdaq was up for the […]

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Fitbit surges 17% after Google agrees to buy the company for $2.1 billion (FIT)

google

Fitbit’s stock price soared 17% Friday after Google agreed to buy the wearables company for $2.1 billion, or $7.35 per share in cash. “Google is an ideal partner to advance our mission,” Fitbit CEO James Park said in a statement. Park added: “With Google’s resources and global platform, Fitbit will be able to accelerate innovation in the […]

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Uber, Shake Shack earnings and trade deal updates: 3 things to watch for in the markets Monday

1. Uber earnings before lockup expiresEarnings season continues with ride-hailing company Uber reporting third-quarter earnings after the bell on Monday. Wedbush is expecting Uber to report a loss of 95 cents per share on revenue of $3.862 billion. This would be a significant drop in profit losses from the second quarter’s loss of $4.72 per […]

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Nasdaq Joins S&P 500 in Fresh All-tIme Highs

Nasdaq

U.S. markets opened in rally mode following better-than-expected job numbers while holding momentum throughout the session and pushing fresh all-time highs. Comments from White House adviser Larry Kudlow who said trade talks with China were making progress also helped sentiment.Kudlow added the U.S. still aims to sign an initial deal this month, although the phase […]

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Trade Concerns Sidetrack Bulls

U.S. markets were weak throughout Thursday’s session following reports that Chinese officials are warning that they won’t budge on some issues that have been pushed by the U.S. and that they remain concerned about President Trump’s impulsiveness, casting doubt on the potential to reach a long term trade deal.Meanwhile, President Trump tweeted that China and […]

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Dow and S&P 500 are guaranteed to rise at least another 5% in the next 2 months — if this 70-year-old pattern holds

all-time highs

It’s the last day of October for stocks and the markets have enjoyed an anxiety-ridden climb toward all-time highs, but if this statistical trend for equity benchmarks holds up, there is much more room to run. Dow Jones Data Group data going back to 1950 indicates that when the Dow Jones Industrial Average and the S&P […]

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These stocks were big winners when the Fed jolted the economy with three rate cuts in the ’90s

forecast earnings

The stage appears to be set for stocks to shine after the Federal Reserve’s third rate cut this year and its signal to stop from now. And certain groups of stocks stand to benefit the most, if history is any guide. The Fed slashed interest rates for the third straight time on Wednesday while indicating it […]

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