NASDAQ Snap Three-Day Losing Streak to Cap a Volatile Week

On Friday, the stock market ended a volatile day with mixed results, as the NASDAQ rebounded from its three-day losing streak. Investors are now looking ahead to upcoming economic reports before Federal Reserve’s next rate decision in December.

Overall, S&P 500 was down 1.0% to 6,734, while NASDAQ increased 0.1% to 22,901.

Tweet of the Day

Chart of the Day

Here is the ten-year chart of Domino’s (DPZ) as of October 27, when the stock was at $413.

Last quarter, Domino’s reported profit growth of -3%, with results down due to losses in its China franchisee, DPC Dash.

In the earnings release, management stated there was an unfavorable charge associated with the company’s investment in DPC Dash.

Overall, revenue grew 6% due to higher supply chain revenue and US franchise royalties. Sales in the US grew 7% as same-store sales increased 5% as Domino’s Best Deal Ever promo and Parmesan Stuffed Crust Pizza were big hits. The carryout business posted 9% comparable sales growth, supported by continued growth in the pizza chain’s loyalty program. Delivery increased 3% in the first quarter that the company fully rolled out its partnership with DoorDash nationwide. Internationally, sales increased 6% as same-store sales grew 2%, with sales particularly strong in India.

DPZ is part of our Conservative Growth Portfolio. Robots or driverless vehicles could boost the company’s growth rate.

Not a member? Sign up here for $25 a month.