Stocks rose last week as the US presidential election drew to a close. Both Dow Jones Industrial Average (Degendix: ^ DJI) And S&P 500 Index (SNPINDEX: EX GSPC) Over 7% in five trading days. The Dow has been flat for about a year now, while the S&P is up 9%.
Some widely followed companies will announce earnings results in the next few trading days, including Beyond the meat (Nasdaq: BYND), McDonald’s (NYSE: MCD), And Draftkings (Nasdaq: DKNG). Below we take a look at the key trends that send stocks that could move this week for these three companies.
1. Beyond the competitive point of view of meat
Investors are optimistic in Monday’s Beyond Meet earnings report. The plant-based meat substitute producer announced strong growth in sales in the early days of the epidemic and announced in August that second-quarter revenue rose 69 %% during the year, as retailers’ sales met the sinking demand from restaurant chains.
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Since then its growth prospects have been impressive. Beyond Meat recently announced an expanded distribution of its core products through it Walmart, For one. It also added Beyond-branded sausage links to its portfolio, joining plant-based sausage patties and meatballs as the popular 2020 launch.
Investors in these actions have forecast steady growth in sales over the rest of the year. But even beyond the meat the traditional meat producers will have to fight with extra competition Tyson Foods And retailers like it Kroger Because it wants to maintain its initial lead in this amazing food structure.
2. McDonald’s operating margin
Investors already know that McDonald’s will have some good operating news to announce on Monday. Fast-food Titan said in a mid-quarter update that it has returned to sales growth in major U.S. markets in recent weeks after a 9% year-over-year decline in Q2.
But this week’s report will add important context to those revenue figures, including the breakdown in consumer traffic, which has declined, and average order costs, which have been rising.
Meanwhile, Starbucks In late October, it said profits declined due to a shift in demand towards delivery services and the aggressive use of BT for the purpose of keeping customers engaged with the brand even when customers live close to home. McDonald’s will announce the possibility of some similar margin pressures in late 2020 or early 2021 in anticipation of a possible full growth recovery.
3. Demand trends of draftkings
Investors have endured a roller-coaster ride in shares of Draftkings in Friday’s earnings report. The volatility is likely to continue for the discretionary stock of this uninsured customer.
In addition to the rise in share prices for most of the year, major concerns for investors include the surprise drop in spectators for sporting events in recent months and the possibility of delaying more occasions due to the COVID-19 outbreak. One has to catch up in the U.S. market, and the recession will have a huge impact on the draftkings business.
There won’t be much clarity for officials to fur on Friday about the broader economic climate, but CEO Jason Robbins and his team to see how they see the demand for sports, and to explain how rising market penetration is affecting businesses in early 2021. See. Update investors on their plans to use the cash raised from the recent stock offering fur as part of Draftkings’ big-picture strategy to build a profitable sports-betting business.
