Today is Monday, October 28, 2024.

The Early Bird Index today is 73.60.

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McDonald's Beef Patties Safe 🍔

Days after the company began experiencing an E. coli outbreak, McDonald’s (NYSE: MCD) said its Quarter Pounder beef patties were safe.

Details: McDonald’s said that testing ruled out its beef patties as the source of the E. coli and the company will bring back Quarter Pounders to restaurants where they were pulled from the menu.

• Health officials believe that slivered onions on the burgers were likely the cause of the outbreak.

Background: At least 75 people were infected from the outbreak, including 22 hospitalizations and one death, according to the Centers for Disease Control and Prevention.

Early Bird’s Nest Egg Gains: While this outbreak has been particularly severe, it's worth noting that McDonald's has faced food safety issues in the past and recovered. Most recently there was a cyclospora outbreak in 2018 that affected over 500 people.

Final Thoughts: The stock is down 7.66% in the last week.

PRESENTED BY ALTUCHER’S INVESTMENT NETWORK

Man who predicted Crypto Market: AI will be 10X bigger

James Altucher, the investor who famously called Bitcoin's rise, is now predicting something even bigger: Artificial Intelligence.

Altucher, known for his bold predictions, believes AI could dwarf previous tech booms—becoming the first $100 trillion industry. He suggests that early investors have the potential to turn a modest $10,000 investment into $1 million over the next few years.

But this kind of opportunity won’t last long. Altucher says the “wealth window” will close soon.

He’s created a short video detailing exactly how investors can position themselves now for maximum profits. If you missed out on Bitcoin, this could be your second chance.

Plus, he’s giving away one of his top AI stock picks for free. It’s a rare chance to get ahead of what could be the biggest wealth-building opportunity of our time.

Notables

Notable Earnings Today: Ford Motor (NYSE: F), ON Semiconductor (Nasdaq: ON), Cadence Design (Nasdaq: CDNS), Waste Management (NYSE: WM), Camping World (NYSE: CWH), Rambus (Nasdaq: RMBS), Acadia Realty Trust (Nasdaq: ACAD), V.F. Corp (NYSE: VFC), F5 Networks (Nasdaq: FFIV), Hope Bancorp (Nasdaq: HOPE), Bank of Hawaii (NYSE: BOH), Brown & Brown (NYSE: BRO), TransMedics Group (Nasdaq: TMDX), Amkor (Nasdaq: AMKR), Ultra Clean Holdings (Nasdaq: UCTT), PROCEPT BioRobotics (Nasdaq: PRCT), CenterPoint Energy (NYSE: CNP), SJW (NYSE: SJW), Agilysys (Nasdaq: AGYS), Alliance Resources Partners (Nasdaq: ARLP), Atlas Energy Solutions (NYSE: AESI), Bank of Marin (Nasdaq: BMRC), Boot Barn Holdings (NYSE: BOOT), Brixmor Property (NYSE: BRX), Calix Networks (NYSE: CALX), Capital Southwest (Nasdaq: CSWC),CCC Intelligent Solutions (Nasdaq: CCCS), COPT Defense Properties (NYSE: CDP), Crane (NYSE: CR), CVR Energy (NYSE: CVI), Douglas Dynamics (NYSE: PLOW), Element Solutions (NYSE: ESI), Encompass Health (NYSE: EHC), Flowserve (NYSE: FLS), Harmonic (Nasdaq: HLIT), Inari (Nasdaq: NARI), Kforce (NYSE: KFRC), Kilroy Realty (NYSE: KRC), Leggett & Platt (NYSE: LEG), LTC Properties (NYSE: LTC), PotlatchDeltic (Nasdaq: PCH), Regency Centers (Nasdaq: REG), Safehold (NYSE: SAFE), SBA Communications (Nasdaq: SBAC), Skyline Champion (NYSE: SKY), Trex (NYSE: TREX), Welltower (NYSE: WELL).

Notable IPOs Today: Vine Hill Capital Investment Corp. Class A Ordinary Shares (Nasdaq: VCIC), Andretti Acquisition Corp. II Class A Ordinary Shares (Nasdaq: POLE).

Notable Equity Crowdfunding Campaigns Ending Today: Legion M (StartEngine), Planet Bake (Honeycomb), Trailer King Builders (Honeycomb), Power Hero (Netcapital), SoNo 1420 (StartEngine), Lucky 7 Mining (Netcaptial), Sinful Sweets (Honeys), Cutting Edge Superconductors (Netcapital), Chase Analytics (Wefunder), Happy Grub (StartEngine).

Notable Economic Events Today: N/A.

Boeing's New $15 Billion Plan

Amid a rough labor strike, Boeing (NYSE: BA) reportedly plans to address its growing liquidity problem.

Details: Bloomberg reported on Sunday that Boeing will launch a new $15 billion capital hike as soon as today.

Final Thoughts: Boeing is down 38% this year, but up 1.95% in the last 30 days.

Dogecoin Jumps on Sunday

As most major cryptocurrency prices didn’t move on Sunday, Dogecoin jumped about 5%.

Final Thoughts: Dogecoin is up about 100% this year, including a 15% increase in the last 30 days.

Trends to Watch

Cost-Cutting: Volkswagen weighs wage cuts, bonus reductions, Handelsblatt reports (Reuters)

Bullish: 3 signs Ethereum price is gearing up for a rebound toward $6K (Cointelegraph)

Musk Hypocrisy: Biden calls out Musk over a published report that the Tesla CEO once worked in the US illegally (Associated Press)

Local Tastes: Talk of a 7-Eleven Takeover Has Japan Worried About the Rice Balls (Wall Street Journal)

A Real Slick Turn of Events: Oil slips more than 4% after Iran downplays Israeli strikes (CNBC)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}