Wall Street Breakfast McDonald's review bombed after UnitedHealth suspect arrest
Dec 10, 2024
A McDonald's location faced a flood of negative reviews following a serious incident involving a UnitedHealth executive, prompting Google to take action. In market news, Citi predicts an optimistic S&P 500 target of 6,500 for 2025. Meanwhile, Boeing is back in action with the production of its 737 MAX jet after a labor strike, and T-Mobile's CEO shared insights on the company's positive growth trajectory. The conversation also delves into smart stock-picking strategies focusing on growth at a reasonable price.
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McDonald's Review Bombed
- McDonald's locations in Altoona, Pennsylvania received negative reviews after an employee tipped off police about a suspect.
- Google removed the reviews because they violated their policy requiring reviews to be based on real experiences.
S&P 500 Target
- Citi set a 6,500 price target for the S&P 500 in 2025, predicting a 7% rise from current levels.
- They anticipate increased volatility due to the second Trump administration and supportive market pillars like AI.
Oracle's Performance
- Oracle's fiscal Q2 results and guidance were slightly weaker than expected, causing the stock to slump.
- Wall Street analysts praised the stock for continued cloud growth and improving margins.
