Today in the Market (10/30/2023)

Good Evening! On Monday, US equities saw a significant increase in value after a sharp decline as investors anticipated a week filled with important events, including the Federal Reserve’s recent policy decision and Apple’s (AAPL) earnings report.

All three indexes saw gains above 1.00% today, with the Dow Jones increasing by 1.58%, the S&P 500 gaining 1.20%, and the Nasdaq Composite following close behind by 1.16%.


McDonald’s (MCD) exceeded profitability projections for the third quarter due to increased sales growth resulting from higher menu pricing and an increase in sales inside the U.S.

  • Revenue: $6.69 Billion vs. $6.52 billion expected
    • Same-Store Sales Growth: 8.80% vs. 7.79% Expected
    • U.S. Sales Growth: 8.10% vs. 7.50% Expected
  • Earnings Per Share: $3.19 vs. $2.98 Expected

What’s helping MCD? Increased menu prices, the implementation of new marketing strategies, and an increase in digital and delivery orders all had a positive impact on sales in the United States.  On top of that, the firm began its As Featured In Meal promotion, showcasing meals that have been featured in films, movies, or TV series.

What else is MCD cooking up? The firm has scheduled an investor update for December 6th, during which it intends to provide more details on its projected performance for 2024.  CEO and president Chris Kempczinski hinted during the conference that the updates would include details regarding its exclusive drive-thru site in Fort Worth, Texas.


GM has allegedly signed a preliminary agreement with the United Auto Workers (UAW), following in the footsteps of Ford and Stellantis, in an effort to resolve a bitter labor conflict that has resulted in the closure of crucial operations for more than six weeks.

Do we know anything about the deal? Kinda… While the specifics of GM’s potential agreement are unknown, Bloomberg claims the terms of the deal closely resemble agreements at Ford and Stellantis. In summary, Ford and Stellantis have reached an agreement to provide union members with a 25% salary increase, restore COLA benefits, implement a three-year wage progression to reach maximum compensation, convert temporary employees to full-time positions, and eliminate wage tiers, among other provisions.

So what is next? Following the probable ratification of a GM agreement, further actions will include the UAW’s GM national committee voting to authorize the agreement, prior to presenting it for a comprehensive member vote.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?