Wed, Apr 24, 2024 5:34 PM
Missed the Rally in Costco Stock? 2 Beaten-Down Retailers to Buy Now
A Flip by Avya Verma
Shares of McDonald's (NYSE: MCD) bounced between positive and negative territory following its first-quarter earnings report as investors digested what the fast-food operator had to say. While the stock ultimately finished nearly unchanged the day of its report, down -0.2%, there was nonetheless a lot to unpack from the company's earnings report and conference call that could shape.
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Shares of NMDC, the country's largest iron ore producer, continued their upward trajectory for the third consecutive trading day on Monday, surging by 1% to reach a 14-year peak of ₹271.70 per share. The last time the stock reached this level was in 2010.NMDC's shares have been on an upward trend since June 2023, closing nine out of ten subsequent months in positive territory and accumulating.
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Three energy stocks showed a decisive breakout in the technical chart pattern despite sharp selling last Friday. Those three breakout stocks are Tata Power, Power Grid Corporation of India, and Coal India Ltd. Generally, a breakout stock jumps after giving a decisive breakout on the chart pattern, and the market was expecting some upside on these three energy shares.
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