3 Things to Watch in the Stock Market This Week
Stocks soared last week as the U.S. presidential election moved closer to a conclusion. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 index (SNPINDEX: ^GSPC) gained over 7% over the five trading days. The Dow is now roughly flat for the year, while the S&P is up 9%.
A few widely followed companies will announce earnings results over the next few trading days, including Beyond Meat (NASDAQ: BYND), McDonald's (NYSE: MCD), and DraftKings (NASDAQ: DKNG). Below we'll take a look at the key trends that might send the stocks for these three companies moving this week.
Investors are optimistic heading into Beyond Meat's Monday earnings report. The plant-based meat substitute maker announced strong sales growth in the early days of the pandemic, revealing in August that second-quarter revenue jumped 69% year over year as sales to retailers offset plunging demand from restaurant chains.
Source Fool.com
