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Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
El Salvador is reforming its Bitcoin strategy to secure a $1.4 billion loan from the IMF, making Bitcoin acceptance by merchants voluntary and limiting public sector involvement in cryptocurrency. Despite these changes, the government remains committed to purchasing one Bitcoin daily, reflecting President Bukele's belief in its long-term potential. As of mid-December, the country's Bitcoin holdings were valued at over $632 million, with significant investments aimed at improving financial access for its population.
The Dow Jones Industrial Average has experienced a nine-day losing streak, the longest since February 1978, during which it fell over 4%. Historically, such declines have been followed by significant rebounds, with a 14% increase over the next three months and a 20% rise in six months. However, the Dow has consistently underperformed the S&P 500, raising concerns about its current valuation relative to projected earnings growth.
2024 has been a tumultuous year for the food and drink sector, marked by significant changes such as Nestlé's leadership transition and Unilever's decision to separate its ice cream business. The European Deforestation Regulation faced delays amid industry panic, while ultra-processed foods drew increased scrutiny. Meanwhile, the rise of GLP-1 drugs promises to reshape consumer eating habits, and the plant-based market shows signs of recovery after a downturn.
The Dow Jones fell 0.2% while the S&P 500 and Nasdaq gained 0.1% and 0.7%, respectively, led by technology stocks. Nvidia rebounded after a significant drop due to regulatory concerns, and Tesla rose 3.5% following an analyst upgrade. Oracle and C3.ai reported disappointing earnings, impacting their stock performance.
Donald Trump, despite his affinity for beef, is unlikely to revive the struggling US beef industry. A significant cattle shortage has led to rising grocery prices and substantial losses for meat processors. The US beef herd is at its lowest since 1961, exacerbated by droughts, high costs, and potential new tariffs and immigration reforms that could further limit supply.
McDonald’s is working to regain customers who reduced their visits following an E. coli outbreak disclosed on October 22. While the majority of diners continued to frequent the chain, a small number have stayed away, according to Joe Erlinger, president of McDonald's US.
Anthony Scaramucci, the hedge-fund manager, humorously suggested he owes Donald Trump a Christmas gift due to the surge in Bitcoin's price following Trump's re-election. He remarked that a gift card to McDonald's might be appropriate, reflecting his complex feelings about his former ally.
Wells Fargo raised its price target on McDonald's from $285 to $350, maintaining an "overweight" rating, while Loop Capital reiterated a "buy" rating. McDonald's stock recently traded at $295.08, with a 50-day moving average of $299.96 and a market cap of $211.46 billion. The company reported a quarterly EPS of $3.23, exceeding estimates, and declared a dividend of $1.77 per share, reflecting a 2.40% yield.
McDonald’s Corp. is set to launch a revamped value menu in the U.S. on January 7, aiming to attract budget-conscious diners. The new McValue menu will feature a $5 Meal Deal and a “Buy One, Add One for $1” offer, allowing customers to mix and match items.
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