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- ๐ McDonald's Shares SINK 7%
๐ McDonald's Shares SINK 7%
Plus: America is still the global growth engine
Good Morning!
Mcdonaldโs shares took a 7% hit last night, after the CDC linked an E. coli outbreak to Quarter Pounder burgers, with 10 hospitalizations and one dead. The IMF is predicting that the US will remain the engine for global growth over the next 2 years, and gold has hit all-time highs AGAIN.
Grab your americano and let's get into it! โ๏ธ๐๏ธ
Markets
๐ McDonaldโs stock drops as Quarter Pounders linked to E. coli outbreak
McDonald's shares took a 7% hit in after-hours trading Tuesday after the CDC linked an E. coli outbreak to its Quarter Pounder burgers. The outbreak has led to 10 hospitalizations and one death, with 49 cases reported across 10 states, primarily in Colorado and Nebraska. The CDC noted that most of the sick individuals had eaten a Quarter Pounder, and one patient developed a serious condition affecting the kidneys. An older adult in Colorado passed away.
๐ Warren Buffett has $165bn invested in these 3 stocks
Billionaire Warren Buffett's Berkshire Hathaway portfolio holds 41 stocks, but a staggering $165 billion of the $283 billion total is concentrated in just three companies. Buffett's focused investment strategy means that he has placed the majority of his wealth in a few key bets.
๐บ๐ธ US remains engine of global growth
The U.S. economy is set to drive global growth through 2025, according to the IMF, while emerging markets like India and Brazil are also showing strong momentum. However, the IMF downgraded China's growth outlook for this year and kept next year's forecast at a below-trend 4.5%.
๐ฅ Gold price uptrend remains uninterrupted
Gold prices hit a fresh record high on Wednesday, surpassing $2,750, as escalating Middle East tensions and U.S. political uncertainty drive safe-haven demand. Easing monetary policy also supports the surge, though elevated U.S. bond yields and a strong dollar could limit further gains.
Top Stories
STOCK MARKET
3% Stock Market Returns For the Next Decade?
Ben Carlson recently wrote about stock market returns in A Wealth of Common Sense, highlighting that despite the U.S. stock market's recent strength, we're not seeing the euphoric phase of investor psychology just yet.
Goldman Sachs predicts the S&P 500 could return only 3% annualized over the next 10 years, with a 70% chance U.S. Treasuries may outperform stocks during that time. Historically, low stock returns over a decade are rare but not impossible, occurring about 9% of the time during major crises like the Great Depression and stagflation in the 1970s.
Carlson emphasizes the difficulty in predicting future returns and stresses the importance of diversification, noting that while large-cap growth stocks have dominated recently, this trend wonโt last forever. Diversification will prove valuable again, itโs just a matter of when.
Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, one man called Nvidia before just about anyone knew it existed. Now, he says a new company could become the next to soar like Nvidia. The biggest tech firms are loading up on shares. Nvidia, Apple, Google, AMD, Intel, and Samsung are all invested in this company. It also signed a MAJOR deal with Apple to get its AI tech into the iPhone and iMac. And its tech is also found in products from Samsung and Google.
This is funny.
What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special?
Well... your average return after one year would be 40%, with a 100% success rate.
โ Dividendology (@dividendology)
2:10 PM โข Oct 20, 2024
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