Cyclical Consumer Services

Darden heads into September 24 earnings with Olive Garden growth in focus as DRI tests a triangle breakout above $217.28.

McDonald's shares plunged 5%, further extending their losses for the year. Will the stock continue to fall?

On September 23, Eastern Time, McDonald's (MCD) shares came under renewed downward pressure, falling over 6% intraday to record their largest single-day decline since March 2020 and approaching a four-year low. The stock has fallen in 9 of the past 11 trading sessions. Investors are assessing the impact of a major franchisee support plan on the company's short-term cash flow, as well as whether the initiative can sustain long-term growth.

TradingKey - On Monday, September 21, Eastern Time, futures on the three major US stock indices all rose in pre-market trading as high-level US-China talks sent positive signals. Meanwhile, Brent crude fell for the fourth consecutive trading session, temporarily easing market concerns over energy prices driving inflation.

TradingKey - In US pre-market trading on September 21, Warner Bros. Discovery (WBD) rose by as much as 7.2%. According to a Wall Street Journal report citing people familiar with the matter, Paramount Skydance (PSKY) is in talks with the California Attorney General and representatives from other states to reach a settlement to resolve antitrust litigation blocking the merger deal.

TradingKey - DRI closed at $206.74 ahead of Sept. 24 earnings as LongHorn stays strong but inflation risks rise. Can $202.73 support hold?