Mc Donald’s Earnings Lifted Its Stocks To An All Time High!

Hello ladies and gents! Here’s my update on the world’s largest hamburger fast food chain. Yesterday, Mc Donald’s Corporation reported a jump in their net income for the 3rd quarter of 2010. Earnings were $1.29 a share, up by 12% year to year. Solid margins and a 4% increase in overall sales maximized the profits (probably because of the happy meals). On the other hand, the US market over all was terrific. The US unemployment claims dropped by 23k to 452k. This data signals a recovering economy. Positive earnings result from Amazon, Caterpillar and American Express played a major role in brining the market higher and propelled most stocks to climb. Also, the Dow Jones Industrial Average was at an all-time high since May of this year.

Coca-Cola Nets!

Good news for Coca-Cola which posted a 2010 3rd quarter net income of 2.1 billion dollars. Up by 1.9% compared to the same period a year ago. Their world most famous soft-drink, Coca-Cola and other beverages boosted their sales and brought home the favorable numbers.

Mc Donald’s Stocks Going Strong!

Hey everyone! Let me present to you my Monday stock watch, Mc Donald’s. They are the largest chain of hamburger fast food restaurants in the world and I’ll be sharing to you my technical analysis on it.