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Bob Lang reacts to McDonald’s (MCD) mixed earnings. He says the value proposition is still there even as prices have risen, because competitors are “a little more overpriced.” He thinks the McRib promotion late last year was a “disaster,” and they need “fresh items.” He also looks at Tower Semiconductor (TSEM) earnings, noting their streak of earnings beats, but says historically their next quarter is the worst of the year.

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MCD Needs ‘Fresh Items’, TSEM on Winning Earnings Streak

Schwab Network

MCD Needs ‘Fresh Items’, TSEM on Winning Earnings Streak