Costco stock jumped 8% today though it just modestly beat earnings estimates by 2 cents (reported 75c, expected 73c). Forecast was inline for next quarter. McD same store sales jumped and is the main mover for markets up today. Pepsi topped estimates by 2 cents (88c reported, 86c expected) but fell as forecast was lower by a penny for next quarter. Yum brands (fast food chain) though blew off estimates based on higher sales in China and Asia.
Untill now, earnings reports have been mixed. I am still waiting to see the really bad earnings that will throw the markets off.
