On Friday beer giant Anheuser-Busch InBev (BUD) released its Q3 2019 results. With the stock down over 10% at the closing bell the market reaction tells you what you need to know. The short version is non-existent volume growth and an uptick in costs and income taxes eating into profit. Moreover, the company expects that performance to carry on into the…
On Tuesday morning fast food giant McDonald’s (MCD) released its third quarter results. The headline grabber was a rare earnings miss, though beneath the surface the numbers actually looked fairly positive. Suffice to say the market did not respond particularly well. As I type McDonald’s shares are changing hands for under $198 apiece, down around 6% on Monday’s closing price.