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This Week: McDonald's and Microsoft results, new home sales

Posted on Sunday, October 20th, 2019 By The Associated Press

A look at some of the key business events and economic indicators upcoming this week:

RONALD'S MAKEOVER

McDonald's newly modernized stores and growth in delivery is helping boost its global sales.

At the same time, the world's largest hamburger chain has been struggling with a decline in how frequently customers visit its stores. In September, the chain began offering a plant-based burger in select markets. Is it helping? Find out Tuesday, when McDonald's serves up its latest quarterly results.

IN THE CLOUD

Wall Street expects another solid quarterly report card from Microsoft.

Financial analysts predict the software pioneer will report on Wednesday that its earnings and revenue increased in the July-September quarter from a year earlier. Steady growth in Microsoft's cloud computing business has helped lift the company's earnings.

EYE ON HOUSING

The Commerce Department issues its September tally of new U.S. home sales Thursday.

Low mortgage rates have been enticing more buyers of late. Sales of newly built homes jumped 7.1% in August to a seasonally adjusted annual rate of 713,000. Economists project that the pace of sales slowed last month to just under 700,000 units.

New home sales, seasonally adjusted annual rate, by month:

April 656,000

May 598,000

June 729,000

July 666,000

Aug. 713,000

Sept. (est.) 699,000

Source: FactSet

Companies Mentioned in This Article

CompanyCurrent
Price
Price
Change
Dividend
Yield
P/E
Ratio
Consensus
Rating
Consensus
Price Target
Microsoft (MSFT)$146.11+0.1%1.26%30.76Buy$159.89
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