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McDonald's shares rose 2.2% following a significant decline, marking its largest weekly loss since March 2020. Investors are keenly awaiting the company's upcoming earnings report, scheduled for October 29, 2024, which is projected to show earnings per share (EPS) of $3.19. The market is also anticipating an implied move of approximately 3.5% in McDonald's stock price around the earnings announcement. Other companies set to report their quarterly results on the same day include Alphabet, Novartis, Pfizer, and Chipotle Mexican Grill, with straddles indicating expected stock price movements of 6.5%, 4%, 4%, and an unspecified amount, respectively.
$MCD earnings tomorrow BEFORE market opens. Implied move -/+ 3.5% Despite all the recent negative headlines, it’s held up better than I anticipated. No play for me. But if I had to hunch it, I probably would say downside.
$CMG reports earnings tomorrow after the close.
Visa $V November 1 weekly 280 straddle priced for a move of 4% into the expected release of quarter results after the bell on October 29.