McDonald’s is Now A Technology Stock
McDonald’s (MCD) quick embrace of electronic ordering kiosks and UberEATS has made it somewhat of a technology stock. And tech stocks deserve higher multiples.
McDonald’s (MCD) quick embrace of electronic ordering kiosks and UberEATS has made it somewhat of a technology stock. And tech stocks deserve higher multiples.
Microsoft’s (MSFT) up around 25% during the last year — as profits rose 19% on a 5% gain in sales. But with a P/E if 22 and profits set to decline, MSFT could take a breather.
Ultimate Software (ULTI) just invested in a larger staff to go after larger companies for its HR software. But isn’t that Workday’s turf? Also, ULTI just warned — again.
Under Armour (UA) stock is down from an All-TIme high of more than $50 to less than $20. Yet still this stock has a p/E of 43 — as profits are declining.
BlackRock (BLK) has the wind at its back as investors are going more-and-more towards index funds and ETFs — which is two-thirds of BlackRock’s business.
Disney is starting its own paid streaming service and taking its Disney and Pixar movies from Netflix (NFLX). But the big news is NFLX is growing profits — fast.
Constellation Brands (STZ) shot to an All-TIme high after it crushed profit estimates. Profit margins surged to 35%, well above the 29% STZ had a year ago.
McCormick (MKC) is acquiring French’s Mustard and Frank’s Red Hot Sauce, but the big positive is the decline of the U.S. dollar which could help profits grow 10% this year.
The Growth vs. Value debate was raging last weekend, with many pundits thinking value stocks are due to rise. Pepsico (PEP) is a great example of why that thesis is flawed.
Adobe Systems (ADBE) is continuing to thrive with its subscription revenue model. Subscription revenue is now 84% of sales, up from 78% a year-ago.
Is passive investing — i.e. people putting money into index funds and ETFs — hurting Factset Research (FDS)? Yes. But the pendulum is about to swing the other way.
Shares of Costco (COST) are down on news Amazon is looking to buy Whole Foods. Meanwhile, Costco’s profits rose a robust 12% last qtr. Time to Buy?