Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Markets Teetering, Looking for a 4-Day Rally

The risks are many: Europe is at the brink of failure with every passing week, a huge fiscal cliff stares the U.S. in the face, and consumer spending is tepid to say the least. However, the markets continue to move forward, looking to extend their winning streak to four days. 

Though the Dow Jones Industrial Average and S&P 500 were flat approaching the final hour of trading, one of my favorite indicators of global consumer health pointed lower. Worse yet, in addition to not boding well for the macro picture, it made me really hungry. The Fed has its Beige Book; I have my Golden Arches.

McDonald's, typically known as a defensive consumer stock, posted negative comp-store sales in every one of its reported geographic regions. Most notably, the segment that includes key growth economies in Asia, the Middle East, and Africa posted the worst decline of them all. Those fries may emit the most pleasant aroma known to man, but this month's sales results stunk up the joint, and it's leading all Dow components lower. 

Among Dow victors today is embattled tech company Hewlett-Packard, up more than 2%. This is a company that could use a few positive headlines, a treat it received after announcing a management shakeup in its enterprise division as well as a small boost to quarterly earnings guidance. Investors aren't going crazy on the news, but it's a much-needed step in the right direction for HP.

Speaking of McDonald's, are you part of the 99%? If so, you're not showing it by eating more Mickey D's! After all, McDonald's is as Joe-the-Plumber as it gets, but the company's July comp-store sales fell 0.1% in the U.S. Luckily, it's not the only easy-to-understand stock out there. In our new free report, we highlight three less-than-luxurious stocks that the 1% may be overlooking. Just click here to read it now.

Brenton Flynn has no positions in the stocks mentioned above. Austin Smith owns shares of McDonald's. The Motley Fool owns shares of McDonald's, Dean Foods, and Motley Fool newsletter services recommend McDonald's and Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1977784, ~/Articles/ArticleHandler.aspx, 10/22/2016 11:20:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
HPQ $13.80 Down -0.30 -2.13%
HP CAPS Rating: ***
MCD $113.93 Up +3.36 +3.04%
McDonald's CAPS Rating: ***
PCLN $1467.39 Down -0.90 -0.06%
Priceline Group CAPS Rating: ****