McDonald's $MCD missed its expectations across the board but rallied nearly 5% with a reaction score of 3.43.
The market was lovin' it. ;)
The company plans to open 2,200 restaurants in 2025, which is above average. This stock is all about growth.
McDonald's is also actively implementing its so-called "accelerating the arches" strategy, focusing on market share growth through value offerings, menu innovation, and culturally relevant marketing.
Let's talk about what else happened 👇
Here are the latest earnings reactions from the S&P 500:
*click the image to enlarge it
Rockwell Automation $ROK beat its expectations and rallied 12.65% with a reaction score of 5.88. It was the stock's best earnings reaction EVER.
The company secured several multimillion-dollar strategic orders during the quarter, and the management team issued better-than-expected guidance.
ON Semiconductor $ON missed its expectations and fell over 8% with a reaction score -3.48. It was bad...
The company's revenue and gross margins are declining significantly. To make matters worse, the management team issued worse-than-expected guidance.
Incyte $INCY reported mixed results and fell nearly 8%, with a reaction score of 4.86.
The poor reaction was due to the company's sales forecast falling short of the market's expectations.
Now, let's look at some of the best and worst charts from Thursday's earnings reactions 👇
MCD had its best earnings reaction since Q4 2018:
The stock gapped above a shelf of former highs and looks poised to break out to new all-time highs.
If MCD is above 300, the path of least resistance is higher.
ROK had its best earnings reaction EVER:
Rockwell Automation is pressing against the 61.8% retracement of the prior drawdown, and we think it's only a matter of time before the bulls drive this stock higher.
If ROK is above 308, the path of least resistance is higher.
ON had its worst earnings reaction since Q4 2023:
ON Semiconductor is flirting with the resolution of a potential multi-year distribution pattern.
If and when the bears knock ON below 45, the path of least resistance will shift lower.
INCY had its worst earnings reaction since Q2 2023:
Incyte is finding resistance at a multi-year downtrend line that has capped each rally for nearly a decade. The stock is beginning to look vulnerable to further downside.
If and when the bears can knock INCY below 57, the path of least resistance will shift lower.
