Investing.com — There have been significant developments across the market this week, with Tesla (NASDAQ posting stellar earnings, McDonald's (NYSE ) facing an E. coli outbreak and Trump Media & technology Group (DJT) jumping on a political wave, amid increasing odds that Donald Trump will win the 2024 election:
tesla
Tesla shares rose 21% following the release of its third-quarter results, which beat expectations, with analysts citing its rising margins and outlook for 2025.
Tesla reported third-quarter earnings per share (EPS) of $0.72, $0.12 better than analysts' estimate of $0.60, while revenue for the quarter came in at $25.18 billion, below from the consensus estimate of $25.4 billion.
Following the report, analysts at Deutsche Bank said: “Tesla delivered an impressive third quarter margin in both Auto (driven by FSD) and Power (highest on record).”
“Looking ahead to 2025, management provided an initial outlook calling for volume growth of 20-30% year-over-year, materially above our/consensus expectations,” they added. “Tesla is well positioned as a technology platform to leverage end-to-end ai and achieve a leadership position in autonomous driving and humanoid robotics.”
A 3% gain on Friday (at the time of writing) has pushed Tesla stock well above $268 per share.
McDonald's
While it was a positive week for Tesla, McDonald's has had a rough one, with shares falling significantly following news of an E. coli outbreak linked to its spread of Quarter Pounder burgers.
The stock fell more than 5% on Wednesday following the news. On Friday, it fell another 2.4% after the Centers for Disease Control and Prevention (CDC) confirmed 26 new cases, bringing the total to 75 in 13 states. One death has been reported.
“The actual number of sick people is likely much higher than the number reported,” the CDC said. “This is because many people recover without medical care and are not tested for E. coli.”
The CDC said McDonald's stopped using fresh chopped onions and quarter-pound beef patties in several states while an investigation is underway to identify the ingredient causing the illness.
While investigators work to determine the source of contamination, investor concerns have resulted in a significant drop in MCD stock.
Trump Media and technology Group (DJT)
Shares of Trump Media & technology Group have risen nearly 32% in the past week as the odds increase that Donald Trump will win the 2024 presidential election.
The political momentum around Trump has fueled speculation about the company's future, given its close association with the former president.
Many investors see the actions as a show of confidence in Trump and the brand. The company recently announced that it launched a streaming service.
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