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McDonald's Quarter Pounders linked to E. coli outbreak

McDonald's (MCD) shares sank in after-hours trading Tuesday after the Centers for Disease Control and Prevention announced that 10 people are hospitalized and one has died from an E. coli outbreak, with "most sick people ... reporting eating Quarter Pounder hamburgers from McDonald’s." The release adds that "McDonald’s stopped using fresh slivered onions and quarter-pound beef patties in several states while the investigation is ongoing to identify the ingredient causing illness." Most of the illnesses have been reported in Colorado and Nebraska. Asking for a Trend Anchor Josh Lipton reports the breaking news. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Stephanie Mikulich.

Yahoo Finance Video 1 hour ago

MCD
GM earnings fuel further gains, continues to outperform Ford

General Motors (GM) shares have jumped after the automaker delivered a third quarter earnings beat while raising its full-year guidance for the third time this year. The earnings-fueled gains contributed to GM stock’s 50% year-to-date climb, as other legacy automakers struggle, like Ford (F). Morningstar US autos equity strategist David Whiston joins Julie Hyman and Josh Lipton on Market Domination to break down what GM is doing differently than other automakers to support its stock growth. GM is “controlling what they can control, particularly around costs… They've been continuing to cut capacity that goes back even to pre-pandemic,” Whiston tells Yahoo Finance. “The other thing they're doing that's helping the stock is about a year ago, they announced a massive accelerated share repurchase of $10 billion. And the stock has rallied considerably from the $20 [territory] now to over $50 since then.” The strategist adds that General Motors has “kept the momentum up by delivering strong results, especially with this quarter. The 10% increase today, for example, with the stock, it's a luxury being an auto analyst to see that. Honestly, it doesn't happen very often.” GM Chief Financial Officer Paul Jacobson sat down with Yahoo Finance executive editor Brian Sozzi earlier today to talk about the automaker's third quarter results. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 1 hour ago

GM

F
Texas Instruments posts Q3 revenue beat, misses on Q4 guidance

Texas Instruments (TXN) beat third quarter estimates, posting $4.15 billion in revenue ($4.12 billion expected) and adjusted earnings of $1.47 per share ($1.37 expected). The Dallas-based semiconductor manufacturer missed estimates for fourth quarter revenue guidance. Market Domination Overtime hosts Julie Hyman and Josh Lipton dissect TXN's earnings figures. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

TXN
Commentary: The Trump trade is getting wild

Trading activity in Donald Trump's media company provides intriguing clues about how investors expect the presidential election to unfold.

Yahoo Finance 2 hours ago

DJT

DJTWW
DJT stock surges to highest level since July as bets rise on Trump election odds

Trump Media & Technology Group stock hit its highest level since July, adding to its recent rally.

Yahoo Finance 4 hours ago

DJT

DJTWW
GE Aerospace stock sell-off is 'overcharged': Portfolio mgr.

GE Aerospace (GE) exceeded third quarter earnings expectations and raised its full-year profit outlook, driven by robust demand. Despite these positive results, the stock has retreated. Gabelli Funds Aerospace and Defense ETF (GCAD) portfolio manager Tony Bancroft joins Catalysts to discuss. Bancroft explains that the sell-off stems from a combination of profit-taking and investors being "overcharged on selling. " He emphasizes that the company maintains "a great backlog" and continues to benefit from strong secular tailwinds. However, he notes that production remains "capacity constrained" due to Boeing's (BA) ongoing challenges and the current labor strike. "I think the big picture is that GE's a great company," Bancroft states, expressing confidence in their long-term potential to outperform. However, he cautions that in the near term, much of their momentum depends on Boeing, whose union vote results for the new contract will release Wednesday. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

Yahoo Finance Video 5 hours ago

GE
GM's Q3 beat 'a testament' to our product portfolio: CFO

General Motors (GM) reported third quarter earnings, topping Wall Street estimates on the top and bottom lines. Revenue reached $48.76 billion, beating estimates of $44.69 billion per Bloomberg consensus. Adjusted earnings per share came in at $2.96, surpassing the $2.43 that was expected. The automaker also raised its full-year outlook for the third time this year. General Motors CFO Paul Jacobson joins Yahoo Finance Executive Editor Brian Sozzi to dive into the results. Jacobson emphasizes that GM's strong earnings are "a testament to the product portfolio." He points out that the company is successfully producing vehicles that resonate with customers and is gaining market share while maintaining higher pricing discipline than competitors — a strategy that has remained "a consistent theme" throughout 2024. "Our primary focus remains keeping the customer at the front and center of everything we do," Jacobson explains, noting that while consumer demand has remained robust, affordability challenges persist due to inflation. However, with the Federal Reserve expected to continue in its rate-cutting cycle, he expects "that to create some momentum for us as we head into 2025." Jacobson highlights the company's diverse product range: "When you look at our portfolio, we have everything from the Cadillac Escalade to the new Corvette ZR1." He explains that this range of vehicles ensures affordability across various income levels and consumer segments: "The team is really taking to heart driving efficiency while still building a quality portfolio across all price ranges for our customers, and that's really paying off for us." Regarding General Motors' inventory management, Jacobson outlines the automaker's target of maintaining between 50 and 60 days of vehicle supply by the end of 2024. With the fourth quarter traditionally being "a peak selling season," he explains that production must be scaled accordingly to meet anticipated demand. As Jacobson puts it, the goal is "getting the right vehicles to the right dealers and into the hands of the right customers at the right time." However, he adds, "What we don't want to do is overproduce just to hit some production efficiencies and then end up with a significant amount of inventory that's difficult to move. So pacing ourselves with the customer and keeping the customer front and center is what's critically important for our success." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance Video 6 hours ago

GM
3M stock pops after raising full-year profit outlook

Industrial giant 3M (MMM) provided an optimistic outlook on Tuesday, raising the lower end of its full-year profit guidance. The company reported better-than-expected quarterly earnings, with operating margins growing 23% year over year — sending the stock higher. Yahoo Finance Anchors Madison Mills and Seana Smith break down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance Video 8 hours ago

MMM
The case for a 'Magnificent 7' resurgence: Morning Brief

While a broadening of the stock market rally has led the S&P 500 toward record highs, further earnings dominance could favor the Magnificent Seven tech stocks into the end of the year.

Yahoo Finance 12 hours ago

NVDA

AAPL

TSLA
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season

It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks. The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter, which ended Sept. 29. It also said it would suspend financial guidance for its 2025 fiscal year to give its new Chairman and CEO, Brian Niccol, time to assess the business.

Associated Press Finance 7 minutes ago

SBUX
McDonald's Plunges After CDC Links E. Coli Outbreak To Quarter Pounders

The CDC linked an E. coli outbreak to McDonald's Quarter Pounder burgers. McDonald's stock plunged.

Investor's Business Daily 20 minutes ago

SBUX

MCD

CMG
Philip Morris' Raised Guidance Suggests Good Visibility: Goldman Sachs Analyst

On Tuesday, Philip Morris International Inc. (NYSE:PM) reported third-quarter revenue of $9.91 billion, up 8.4% year over year, beating the consensus of $9.69 billion. Net revenues increased by 11.6% on an organic basis, mainly reflecting a favorable pricing variance, primarily due to higher combustible tobacco pricing, and a favorable volume/mix, mainly driven by higher smoke-free product volume. Outlook: Philip Morris raised its fiscal year 2024 adjusted EPS outlook to $6.45-$6.51 from prior g

Benzinga 30 minutes ago

PM
Starbucks Suspends 2025 Guidance After Another Sales Slump

(Bloomberg) -- Starbucks Corp. pulled guidance for 2025 after sales plunged for a third consecutive quarter, calling attention to the scope of the problems facing new Chief Executive Officer Brian Niccol.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionHow Kyiv Became a Leader in Digital Services Amid Wartime StrainTransportation Policy Gets Left Behind in Presidential RaceDhaka's Revolutionary Makeover Pits Visions of Peace Against VengeanceDrug Decriminalization Spawns

Bloomberg 44 minutes ago

SBUX
Starbucks Suspends Its Outlook for 2025, Sending Its Stock Lower

Starbucks shares dropped in extended trading Tuesday after the company withdrew its outlook for 2025.

Investopedia 55 minutes ago

SBUX
Texas Instruments’ Guidance Falls Short. The Stock Is Rising Anyway.

FEATURE Texas Instruments provided a revenue forecast for the December quarter that was below expectations. Its shares wavered and then later rose in after-hours trading. For the September quarter, the semiconductor company reported earnings per share of $1.

Barrons.com 1 hour ago

TXN
Texas Instruments Says It’s Nearing Recovery After Sales Slump

(Bloomberg) -- Texas Instruments Inc. Chief Executive Officer Haviv Ilan said that customers are working through excess inventory and the timing is right for an order recovery following eight straight quarters of revenue declines. Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionHow Kyiv Became a Leader in Digital Services Amid Wartime StrainTransportation Policy Gets Left Behind in Presidential RaceDhaka's Revolutionary Makeover Pits Visions of Peace Against VengeanceDr

Bloomberg 1 hour ago

TXN
GE Aerospace Beats Earnings Estimates. Why the Stock Is Falling.

GE Aerospace tops third-quarter earnings estimates. Shares are falling because they’ve already nearly doubled since the GE Vernova spinoff in April.

Barrons.com 1 hour ago

GE

BA
Deadly E. coli outbreak linked to McDonald's Quarter Pounders sickens 49 people in 10 states

E. coli food poisoning linked to McDonald’s Quarter Pounder hamburgers has sickened at least 49 people in 10 states, including one person who died and 10 who were hospitalized, federal health officials said Tuesday. The death was reported in an older person in Colorado, and one child has been hospitalized with severe kidney complications, the U.S. Centers for Disease Control and Prevention reported. Infections were reported between Sept. 27 and Oct. 11, in Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, Oregon, Utah, Wisconsin and Wyoming.

Associated Press Finance 1 hour ago

MCD
Lockheed Martin Earnings Were Rock Solid. The Stock Is Slumping.

Lockheed Martin reports third-quarter earnings per share of $6.80. Wall Street was looking for about $6.50.

Barrons.com 1 hour ago

LMT
Jim Cramer Thinks General Motors Company (GM) ‘Is A Bargain’

We recently compiled a list of the Jim Cramer’s Game Plan: 23 Stocks to Watch. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other stocks to watch according to Jim Cramer. As Wall Street dives into the heart of earnings season, Jim Cramer has provided […]

Insider Monkey 1 hour ago

GM