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Today we are watching…
1.ย Twitter (#twit)
Investors in Twitter are hoping social media has saved the best earnings until last, as the app opens its books today to market scrutiny. Love it or hate it, Twitter is a part of the fabric of modern life. As it prospers, investors want as much of its success as possible remaining in-tact on the bottom line. Having recently turned profitable, the company is driven not only by increases in daily active tweeters but by its increasing โstickinessโ factor. Some twits just canโt get off the bloody thing! Analysts are predicting $0.19 in profit per share on $828 million in revenue.
2. McDonald’s (#macd)
Maccie Dโs will serve up its quarter-pounder today, rounding off a relatively successful earnings week for the market. This stock has captured a cool 20% upside this year, but staggeringly, has underperformed the broader index. To fix that, the fast-food chain needs its new menu items to tempt more footfall in its US restaurants. If thereโs one repellent, itโs the higher prices. McDonaldโs doesnโt want to fall behind as consumer tastes change, so behind the scenes investments for a slightly finer dining experience are pushing up prices. On the whole, the public is lovin’ it! Many expect the fast-food chain to beat profit per share estimates of $2.06 on $5.3 billion in revenues.ย