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A McDonald's located on Route 66 in Azusa, California, on April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald's Quarter Pounder burgers has led to 10 hospitalizations and one death.The agency said 49 cases have been reported in 10 states between Sept. 27 and Oct. 11, with most of the illnesses in Colorado and Nebraska. "Most" sick people reported eating a McDonald's Quarter Pounder, the CDC added.One of the patients developed hemolytic uremic syndrome, which is a serious condition that can cause kidney failure. An older adult in Colorado died. McDonald's shares dropped about 7% in after-hours trading Tuesday.In a statement Tuesda...

Check out the companies making headlines in extended trading: Texas Instruments — The semiconductor company added 2%. Third-quarter results topped analysts' estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts sought earnings of $1.38 per share and revenue of $4.12 billion, per LSEG. Seagate Technology — The data storage company slipped 3.6%. Seagate's guidance for $2.3 billion in revenue for the fiscal second quarter was about in line with the Street's estimate for $2.29 billion, per LSEG. The company topped analysts' estimates on the top and bottom lines in the first quarter, however. Manhattan Associates — The supply chain software company declined nearly 7%. Manhattan Associates forecast full-year revenue in the range of $1.039 bill...

Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Tuesday posted preliminary quarterly results, which showed its sales fell again.The company's preliminary net sales fell 3% to $9.1 billion. It reported preliminary adjusted earnings per share of 80 cents.Analysts surveyed by LSEG were expecting the company to report fiscal-fourth quarter earnings per share of $1.03 and revenue of $9.38 billion.Starbucks' same-store sales fell for its third consecutive quarter. Worldwide, its same-store sales slid 7%.Nearly two months ago, CEO Brian Niccol took the helm of the coffee giant after two quarters of same-store sales declines.He aims to reverse slowing demand for Starbucks' drinks, particularly in its two largest markets: the Uni...

Spotify (SPOT) has been unofficially crowned the winner of the streaming music wars, besting much bigger brother mega-caps Apple Music and Amazon, as well as Sirius XM, and others. The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think SPOT should punch through to new all-time highs. I hold SPOT in the Tactical Alpha Growth (TAG) portfolio as well as the Active Opportunities portfolio. If we see strong third-quarter earnings on November 12, I will look to increase my holdings. I first wrote about SPOT in July as the stock was trading at $343. We're currently trading at $386, just below the all-time highs of $387 set back in 2021. Looking at the weekly chart of SPOT on the approach of all-time highs looking at the trend channel (...