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McDonald's sues meat giants for price manipulationMcDonald's - NYSE: MCD , has sued major meat companies, including JBS - BVMF: JBSS3,), Tyson Foods - NYSE: TSN, Cargill - (private, not publicly traded) and National Beef - (private, not publicly traded) accusing them of manipulating meat prices since 2015. According to the lawsuit, these companies would have intentionally reduced the supply of cattle to increase prices, which has affected McDonald's, raising the cost of its hamburgers. The fast food chain is not only seeking compensation for cost overruns, but is also asking the courts to put an end to these anti-competitive practices. This type of accusations has already appeared in the past for these companies, facing lawsuits from producers and consumers. The outcome of this case could significantly influence meat markets and the food industry in general. Highlights: • McDonald's alleges price manipulation. It could affect the Q3 results presentation (10/29/24) which could send the company's shares to new highs. In any case DCM estimates for this third quarter seem to be higher than the previous quarter. Always the holiday period usually results in better results for restaurant companies. • Companies involved: they are giants of the U.S. meat sector. • Potential effects on meat markets. If the trial goes in favor of McDonald's, this could improve its balance sheet. Technical aspect of McDonald's: In recent weeks it has been recovering its price to the high zone since the last Q2 earnings release, higher than the Q1 quarter. The RSI indicator at 63.89% slightly oversold and using the Larry Williams indicator we see that the uptrend could continue for a while as it is still in the area of 122 points. Ion Jauregui - Analyst ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NYSE:MCDLong
by ActivTrades
NVDA Technical Analysis on October 9, 2024Price Action: Current Price: $132.99, with a recent high at $133.48. Trend: NVDA is in an ascending channel, continuing a strong bullish trend with higher highs and higher lows. Key Levels: Support: Immediate support at $130.61, which is the mid-level of the recent upward channel. Lower support at $127.72, near the previous breakout point. Resistance: Immediate resistance at $133.48 (the current high). Next key resistance is the psychological $135 level. Indicators: MACD: The MACD shows a slightly overbought condition, though it remains in bullish territory, suggesting momentum could continue upward. Trading Plan: For Bulls: Consider entering on pullbacks around $130.61 for a move toward $133.48 and possibly beyond to $135. Ensure stops are placed below the lower support at $127.72. For Bears: A breakdown below $130.61 could signal a short-term retracement toward the $127.72 level, offering a potential short opportunity. Outlook for Tomorrow: Bullish Bias: NVDA's strong momentum could lead to a break of $133.48, with potential upside to $135. However, a failure to hold above $130.61 may signal a minor pullback. Disclaimer: This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
NASDAQ:NVDA
by BullBear-Insights
PLTR Technical Analysis October 9, 2024Price Action: Current Price: $41.65, with a high at $42.12. Trend: PLTR is in a strong bullish trend, having recently broken above the key resistance at $40.29. It has been making higher highs and higher lows. Key Levels: Support: Immediate support at $40.29 (previous resistance turned support). Lower support at $38.89 where the price consolidated before the recent breakout. Resistance: Immediate resistance at $42.12, which is the recent high. Further resistance can be expected near $43, a psychological level and potential next target for bulls. Indicators: MACD: Showing bullish momentum, with the MACD line moving above the signal line, confirming the upward trend. Trading Plan: For Bulls: A continuation above $42.12 could target the $43 level or higher. Consider entries on pullbacks near the $40.29 support, with stops below $40. For Bears: A rejection from $42.12 or a break below $40.29 could lead to a retracement towards the $38.89 support zone. Outlook for Tomorrow: Bullish Bias: PLTR's bullish momentum could continue as long as it holds above the $40.29 support level. A break above $42.12 would confirm further upside potential. Disclaimer: This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
NYSE:PLTR
by BullBear-Insights
Top 5 Weekly Trade Ideas #5 - AMD BreakoutNVDA has been on a big run after its triangle breakout and doesn't seem to be slowing down yet. AMD has been on a run of its own and just broke out of the downtrend that started in March at ATH. It has also already came back for a retest and held. First target will be the previous high from July around 187. Second target is near ATH around 215. A rejection and fakeout wouldn't be a good look, but it still has to go all the way back down below 133ish and make a lower low to be considered long term bearish.
NASDAQ:AMDLong
by AdvancedPlays
Robotaxi day coming! Tesla is about to go bullish again? Tesla started a short-term pullback after be rejected by the resistance level of previous highs and the upper edge of the bullish channel, exactly followed what we have predicted on 25 sep. so will tesla stop drop and go bullish again? once point will need our attention is that tesla has been promoting their upcoming “Robotaxi Day” presentation, set for October 10 at Warner Brothers Studios in Los Angeles. if it could meet market expectations, the price could be supported above the lower band of bullish channel. It probably will start to go bullish again!!!
NASDAQ:TSLALong
by xugina78