3 Stocks to Watch on Monday: AT&T Inc. (T), McDonald’s Corporation (MCD) and Tesla Motors Inc (TSLA)

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Donald Trump’s presidential inauguration took place on Friday, and there are plenty of questions surrounding what the country’s economy will look like under the seasoned businessman. However, the new POTUS getting sworn in was not the only piece of news that made headlines over the weekend.

3 Stocks to Watch on Monday: AT&T Inc. (T), McDonald's Corporation (MCD) and Tesla Motors Inc (TSLA)Several companies are on the limelight as we enter the week, including McDonald’s Corporation (NYSE:MCD), Tesla Motors Inc (NASDAQ:TSLA) and Verizon Communications Inc. (NYSE:VZ).

Here’s what you should know:

AT&T Inc. (T)

AT&T is quickly losing customers, an analyst revealed early in the weekend.

The company’s wireless Internet business has experienced a reduction in the number of users who use the service. It appears AT&T’s competitive rates … well, might not be so competitive.

A Cowen and Company analyst said in a new research note that AT&T continues to see fewer customers sticking around each quarter. The other top three carriers in the country — Sprint Corp (NYSE:S), T-Mobile US Inc (NASDAQ:TMUS) and Verizon Communications Inc. (NYSE:VZ) — all appear to be siphoning customers from AT&T. The information was gleamed from customers who have only been with the three carriers for less than two years.

T shares are off fractionally in Monday’s early trade.

McDonald’s Corporation (MCD)

MCD shares were trying to digest the fast-food company’s fourth-quarter earnings, which came in above analyst estimates, but only just barely.

For Q4, McDonald’s posted profits of $1.44 per share, which were 3 cents better than the $1.41 that Wall Street expected. Meanwhile, revenues of $6.03 billion came in just ahead of the consensus mark of $5.99 billion, but were off from the year-ago period’s $6.34 billion.

Same-store sales were up 2.7% on a global basis, though off 1.3% in the U.S. — slightly better than the 1.4% decline expected. U.S. comps faced a tough year-over-year measure, as 2015’s Q4 was when the fast-food giant rolled out all-day breakfast.

MCD shares, which have traded flat for nearly a year, continued its artful game of share-price teeter-totter, trading around breakeven in Monday’s premarket action.

Tesla Motors Inc (TSLA)

TSLA also is trading flat this morning, though the weekend brought with it some new information surrounding the electric-automaker’s future.

The electric car maker shed more light on how it plans to advance its role in the automotive industry, noting that it will make major changes to its vehicles on a yearly basis. Founder and CEO Elon Musk said the company will be making these revisions every 12 to 18 months, ensuring Tesla remains at the forefront of the eco-friendly vehicle market.

Per Engadget:

“If you’re a Tesla buyer, you were probably miffed when you realized that the self-driving hardware revision rendered your car obsolete, even if it was just weeks old. However, you’re going to have to get used to that feeling if you’re going to stick with the brand.”

Tesla also recently announced that it has extended the battery range of its all-electric Model S to carry you for 335 miles.

TSLA shares, while going nowhere this morning, are up more than 20% over the past three months.

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Article printed from InvestorPlace Media, https://investorplace.com/2017/01/3-stocks-to-watch-on-monday-att-inc-t-mcdonalds-corporation-mcd-and-tesla-motors-inc-tsla/.

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