These 5 Stocks Were in the Spotlight This Week

In this article we take a look at five stocks that trended this week. If you want to read our detailed analysis of these stocks, go to read These 10 Stocks Were in the Spotlight This Week.

5. The Boeing Company (NYSE:BA) was in the spotlight this week after reporting third quarter core EPS of a loss of $0.6 versus the consensus loss of $0.21. Sales for Q3 was $15.3 billion, less than the consensus of $16.04 billion. In terms of the future, The Boeing Company (NYSE:BA) is ‘continuing to make progress’ on the return of the 737 MAX. At the end of June, a total of 59 of the funds tracked by Insider Monkey were long The Boeing Company (NYSE:BA), unchanged from one quarter earlier.

4. McDonald’s Corporation (NYSE:MCD) gained some ground this week thanks partly to a strong third quarter earnings result. For the period, McDonald’s Corporation (NYSE:MCD) earned an adjusted $2.76 per share versus the consensus of $2.46 per share. Sales were $6.2 billion, ahead of the average estimate of $6.03 billion. Shares of McDonald’s Corporation (NYSE:MCD) rose 2.64% this week. Among the around 873 elite funds in our database, Arrowstreet Capital held the most valuable stake in McDonald’s Corporation (NYSE:MCD), which was worth $485.1 million at the end of the second quarter.
3. HSBC Holdings plc (NYSE:HSBC) reported Q3 EPS of $0.53 on sales of $37.56 billion versus the bank’s same period last year results of EPS of $0.16 per share on revenue of $38.67 billion. Given the improving conditions, HSBC Holdings plc (NYSE:HSBC) has said it will initiate a buyback program of up to $2 billion. Renaissance Technologies was long over 4.78 million shares of HSBC Holdings plc (NYSE:HSBC) at the end of June.

2. Caterpillar Inc. (NYSE:CAT) trended this week after the machinery maker reported an adjusted EPS of $2.66 versus the consensus of $2.2 for Q3. The company’s profit benefited from operational performance and a less than expected effective tax rate. Caterpillar Inc. (NYSE:CAT) sales for Q3 were $12.4 billion, slightly below the consensus of $12.48 billion. After the earnings report, Steven Fisher of UBS upgraded Caterpillar Inc. (NYSE:CAT) to ‘Buy’ from ‘Neutral’ and set a price target of $235 from $232. Fisher Asset Management owned more than 6.8 million shares of Caterpillar Inc. (NYSE:CAT) at the end of September.

1. American Tower Corporation (NYSE:AMT) was in the spotlight this week after reporting FFO of $2.49 versus the consensus of $2.33 for Q3. Sales were $2.54 billion versus the average estimate of $2.41 billion. For full year 2021, American Tower Corporation (NYSE:AMT) also raised the midpoint outlook for consolidated AFFO by $60 million. Fisher Asset Management was long more than 1.97 million shares of American Tower Corporation (NYSE:AMT) at the end of September.

Disclosure: None.