Diamonds and Dogs

2/10/25

Uber (UBER) jumps 4% today, up 20% since lows last Thursday following lackluster earnings. Since then billionaire, Bill Ackmann disclosed a 1% stake in the stock while Uber Eats commercial in the Super Bowl with Matthew McConaughey was a big hit.

McDonalds (MCD) higher even as earnings missed estimates by 2 cents. Sales fell 0.3% to $6.39 billion, but total same-store sales edged 0.4% higher, while analysts had anticipated a 1.1% decline. Investors were relieved the E. coli outbreak in the fourth quarter was not as bad as feared.  Management said they are focused on growing market share and focus on customers with outstanding value, exciting menu innovation and culturally relevant marketing.