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Happy Tuesday! It’s earnings season. It’s election season. But it’s also spooky season, and here’s why some experts are predicting the market will be delivering more trick than treat. Also, let’s take a look at $MCD’s stock post-earnings.

—Aaron Bry

Plus, interested in watching Cathie Wood speak live about the future of investing and technology? Get your tickets here before they’re gone.

MARKET SNAPSHOT

Yesterday: Green on the screen! All major indices closed higher as investors appeared to take on bullish positions ahead of the big earnings week.

On Our Radar: Google reports today after the close, and we will hear from Amazon, Meta, Microsoft and Apple later in the week. Plus, we’ll get PCE data on Thursday which could also move markets.

TOP STORY

6 Economic Frights That Could Haunt Markets This Halloween

What Happened: As Halloween approaches, LPL Financial warns of six major risks that could spook markets and drive volatility higher in the coming months.

So: In a note shared with clients on Monday, LPL's analysts—including chief equity strategist Jeffrey Buchbinder, chief economist Jeffrey Roach, chief global strategist Quincy Krosby, and others—cautioned that lurking economic threats may disrupt the current calm in the U.S. stock market. Here are the factors that could spook the market as we head into Halloween.

SPONSORED BY TRADESTATION

Crossroads Summit Taps Forward-Thinking Investor Cathie Wood As Panelist For November Event

Cathie Wood, founder of Ark Invest, will be one of the keynote speakers at the upcoming Crossroads Summit hosted by TradeStation Group. Known for her innovative approach to investing, Wood has built a reputation for embracing disruptive technologies in industries like artificial intelligence, genomics, and financial technology. Throughout her career, she has focused on future-driven sectors and resisted conventional market wisdom. At the Crossroads Summit in Miami, FL, on Nov. 21-22, attendees will have the chance to gain insight into her unique investment strategies and learn how to navigate rapidly evolving markets.

FIVE ZINGERS

The Next Leg Higher?: Bitcoin has been on a tear, nearing all-time highs. But some strategists expect demand to continue surging, thanks to this factor.

Cramer’s Chip Pick: Jim Cramer tells his viewers to avoid this consumer cyclical stock, and says to look at a stock in the chip space instead.

Disaster Of The Day: Homebuilder DR Horton is the disaster of the day, getting absolutely clobbered after the company reported earnings this morning.

More Fun, More Gains?: Here’s why one analyst covering Six Flags is starting to get bullish on the theme park giant.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

McDonald's Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact

What Happened: McDonald’s shares are trading lower after the company reported third-quarter adjusted earnings per share of $3.23, beating the analyst consensus estimate of $3.20.

So: Quarterly sales of $6.90 billion beat the analyst consensus view of $6.82 billion. Revenues increased 3% (2% in constant currencies) over the prior year. Will traders come in and buy the dip?

A MESSAGE FROM BENZINGA

Election Day Is Breathing Down Your Neck—Is Your Portfolio Ready?

This ‘2024 Election Investor’s Cheat Sheet’ ensures you are - discover sectors to avoid, a little-known “Trump Trade”, and the precious metal ready to soar—no matter who takes the White House.

 Access the full cheat sheet here

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