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McDonald’s shares are predictably tanking today after some of its outlets were found to have served as a vector for spreading the E. coli bacteria, with at least one confirmed death so far. While Wall Street is busy today in collectively downgrading the embattled stock, Stifel analysts have come forward with two simple rules that can ensure a swift recovery.
The US CDC said in its notification:
“This is a fast-moving outbreak investigation. Most sick people are reporting eating Quarter Pounder hamburgers from McDonald’s and investigators are working quickly to confirm which food ingredient is contaminated. McDonald’s has pulled ingredients for these burgers, and they won’t be available for sale in some states.”
The CDC is examining 49 cases of McDonald’s-sourced E. coli infection so far, which has resulted in 10 hospitalizations across 10 states, with at least 1 confirmed fatality.
GUGGENHEIM cuts $MCD to Neutral:
“.. a couple of weeks ago .. we thought we might be raising 2025 EPS .. But an October strengthening of the dollar and now a new risk to sales .. drives us to cut the rating until we get some more clarity on the trajectory of the food safety… pic.twitter.com/DiDwsx48DU
— Carl Quintanilla (@carlquintanilla) October 23, 2024
And, Wall Street is now busy downgrading the…
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