Broadcom Inc. Stock Outperforms Market On Strong Trading Day

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Consumer Discretionary : Hotels, Restaurants & Leisure | Large Cap Blend

Company profile

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally relevant menu of food and beverages. Its restaurants are owned and operated by independent local business owners. The Company's segments include United States (U.S.), International Operated Markets (IOM) and International Developmental Licensed Markets & Corporate (IDL). The U.S. segment focuses on Company's menu and offerings, as well as delivery and digital platforms. Its IOM segment includes its operations in markets, such as Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the United Kingdom. Its IDL segment includes its operations in markets, such as Latin America and Asia. Its digital offerings include drive thru, takeaway, delivery, curbside pick-up, and dine-in. Its menu includes hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, wraps, shakes, soft drinks, coffee, McCafe beverages and other beverages.

Broadcom Inc. Stock Outperforms Market On Strong Trading Day

4:38 pm ET November 18, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Broadcom Inc. (AVGO) inched 0.60% higher to $515.16 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of gains. Broadcom Inc. closed $162.60 below its 52-week high ($677.76), which the company achieved on December 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.97% to $82.27, NVIDIA Corp. (NVDA) fell 1.71% to $154.09, and Intel Corp. (INTC) fell 0.07% to $29.87. Trading volume (1.5 M) remained 987,117 below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.

(END) Dow Jones Newswires

November 18, 2022 16:38 ET (21:38 GMT)