NEW YORK, NY / ACCESSWIRE / July 26, 2017 / U.S. markets rose Tuesday, with the S&P 500 Index and Nasdaq closing at new records, on the strength of better-than-expected earnings from major companies. The Dow Jones Industrial Average gained 0.47 percent to close at 21,613.43, while the S&P 500 Index increased 0.29 percent to close at a record high of 2,477.13. The Nasdaq inched higher with a gain of 0.02 percent to close at a record 6,412.17. Earnings from S&P 500 companies are now expected to increase by 9.1 percent in the second quarter, up from estimates of an 8 percent increase at the beginning of July, according to Thomson Reuters I/B/E/S.

"By most measures, this is a season where companies are surprising to the upside, and that's a key driver for equity prices," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "We know valuations are full, but we're cautiously optimistic because earnings are increasing and the Federal Reserve remains accommodative. That's a favorable backdrop for equities."

RDI Initiates Coverage on:

McDonald's Corporation
https://ub.rdinvesting.com/news/?ticker=MCD

Chipotle Mexican Grill, Inc.
https://ub.rdinvesting.com/news/?ticker=CMG

McDonald's Corporation's stock moved 4.75% higher Tuesday, to close the day at $159.07. The stock recorded a trading volume of 9,511,383 shares, which was above its three months average volume of 3,420,650 shares. In the last year, McDonald's Corporation's shares have traded in a range of 110.33 - 159.98. The share price has gained 44.18% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $153.29 is greater than its 200-day moving average of $137.53. Shares of McDonald's Corporation are trading at a Price to Earnings ratio of 28.08. The company reported a net income of $1.4 billion, or $1.70 a share, for the second quarter of 2017, compared to a net income of $1.09 billion, or $1.25 a share, in the same quarter a year ago. Analysts' expectations called for $1.62 a share. Shares of McDonald's have gained approximately 30.69 percent year-to-date.

Access RDI's McDonald's Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=MCD

On Tuesday, shares in Chipotle Mexican Grill Inc. recorded a trading volume of 3,527,128 shares, which was above the three months average volume of 1,194,060 shares. The stock ended the day 2.54% higher at 348.62. The stock is currently trading 30.14% below its 52 week high with a 52 week trading range of 336.52 - 499.00.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $419.18 is below its 200-day moving average of $434.34. Shares of the company are trading at a Price to Earnings ratio of 107.83. The company reported a net income of $66.71 million, or $2.32 per share, on revenues of $1.17 billion for the second quarter of 2017, which topped analyst estimates of EPS of $2.18 per share on revenues of $1.19 billion, according to Thomson Reuters. Shares of Chipotle Mexican Grill have fallen approximately 7.61 percent year-to-date.

Access RDI's Chipotle Mexican Grill, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=CMG

Our Actionable Research on McDonald's Corporation (NYSE: MCD) and Chipotle Mexican Grill, Inc. (NYSE: CMG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com