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Bank of America says these 3 higher-risk stocks are well-positioned to take off as rate cuts spur an economic recovery in 2025

<ul class="summary-list"><li>McDonald's Quarter Pounders have been linked to an <keyword id="22099782" type="General" weightage="100" keywordseo="E-coli-outbreak" source="keywords">E. coli outbreak</keyword> in several states, the CDC said.</li><li>McDonald's said it will temporarily remove the burgers from its menus in affected areas.</li></ul>A deadly E. Coli outbreak has been linked to the <a target="_blank" class="" href="https://www.businessinsider.com/mcdonalds-e-coli-outbreak-tied-quarter-pounders-2024-10">McDonald's Quarter Pounder</a>. So far, one person has died, and 10 others have been hospitalized in connection with the outbreak, which impacted 49 people across 10 states, the Centers for Disease Control and Prevention said Tuesday. McDonald's said it believes the outbreak may be linked to the slivered onions used on its Quarter Pounder. The fast-food chain said it is temporarily taking the burger off the menu in several states. "Negative <keyword id="20000858" type="General" weightage="20" keywordseo="food-safety" source="keywords">food safety</keyword> news is never welcomed by restaurants operators, especially those working to improve the brand image after getting off-sides on consumer affordability in recent years," Jon Tower, an analyst at Citigroup, said in a note to clients, according to <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-22/mcdonald-s-quarter-pounders-linked-to-e-coli-outbreak-cdc-says?srnd=homepage-americas&amp;sref=yaJhKSOh">Bloomberg</a>. Tower said McDonald's outlook depends on the company's response, which should include taking responsibility, controlling the outbreak, and overcorrecting on food safety, the outlet reported. Examining how other fast-food giants have recovered from recent health-related crises might also provide insight into how McDonald's will try to recover from the incident. <h2>How Chipotle and Wendy's came back from health-related problems</h2>Several fast-food brands have bounced back from food-safety incidents before. One of those is Chipotle, the fast-casual Mexican chain that McDonald's had a <a target="_blank" href="https://www.businessinsider.com/the-ridiculous-reason-mcdonalds-sold-chipotle-2015-5">90% stake in</a> until 2006. In 2015 and 2016, hundreds of customers reported becoming ill after eating at Chipotle outlets. Chipotle's stock price plummeted, and the company eventually agreed to pay a $25 million <a target="_blank" href="https://www.fda.gov/inspections-compliance-enforcement-and-criminal-investigations/press-releases/chipotle-mexican-grill-agrees-pay-25-million-fine-resolve-charges-stemming-more-1100-cases-foodborne">fine</a> to settle criminal charges related to outbreaks that impacted 1,100 people between 2015 and 2018. But less than five years later, the company and its stock price had <a target="_blank" class="" href="https://www.nytimes.com/2019/07/23/business/chipotle-stock-earnings.html">recovered</a>. So what did Chipotle do? In 2016, the company <a target="_blank" class="" href="https://ir.chipotle.com/news-releases?item=122453">announced</a> a spate of <a target="_blank" class="" href="https://www.nytimes.com/2016/09/22/business/every-days-a-safety-drill-as-chipotle-woos-customers-back.html?rref=collection%2Fbyline%2Fstephanie-strom">new food-safety protocols</a> — such as rinsing produce multiple times and putting stickers on food storage containers to indicate when they were sanitized — and hired James Marsden,a professor from Kansas State University, to serve as executive director of food safety. In 2017, Chipotle <a target="_blank" class="" href="https://ir.chipotle.com/news-releases?item=122384">announced</a> its founder, Steve Ells, would be stepping down as CEO in favor of someone with "demonstrated turnaround expertise." In 2018, Brian Niccol, currently the CEO of Starbucks, <a target="_blank" class="" href="https://ir.chipotle.com/news-releases?item=122376">took over</a> as the CEO of Chipotle after a successful stint at the helm of Taco Bell. Niccol told <a target="_blank" class="" href="https://www.nytimes.com/2019/07/23/business/chipotle-stock-earnings.html">The New York Times</a> in 2019 that Chipotle had become "an industry leader" in food safety, adding: "We're doing some really progressive things on the food safety front, and we're going to have to, because we're going to stay committed to using real ingredients." Chipotle's recovery may also have hinged on expanding the business in areas unrelated to food safety. "They are exceptional in how well the brand has capitalized on digital ordering," Sara Senatore, a Bernstein analyst who followed Chipotle, told <a target="_blank" class="" href="https://www.nytimes.com/2019/07/23/business/chipotle-stock-earnings.html">the Times</a> in 2019. Wendy's dealt with a similar situation. Between July and August 2022, Wendy's restaurants were linked to an E. coli outbreak in six states, per <a target="_blank" class="" href="https://archive.cdc.gov/www_cdc_gov/ecoli/2022/o157h7-08-22/index.html">the CDC</a>. A total of 109 people were infected, with 52 hospitalized. No deaths were reported. An investigation into the incident was unable to determine the specific food source responsible for the outbreak, but 46 people reported eating romaine lettuce served on the burgers and sandwiches before falling sick, per <a target="_blank" class="" href="https://archive.cdc.gov/www_cdc_gov/ecoli/2022/o157h7-08-22/details.html">the CDC</a>. As a precaution, the fast-food chain removed romaine lettuce from menu items in the affected states. Despite the E. coli outbreak, the company's US sales <a target="_blank" class="" href="https://s1.q4cdn.com/202642389/files/doc_financials/2022/q3/2022-Q3-Press-Release.pdf">jumped 7.7% in the third quarter of 2022</a>, compared with the year prior. In its latest <a target="_blank" href="https://www.wendys.com/csr-what-we-value/reports">corporate responsibility report</a>, published in May, Wendy's said it was committed to continuously improving its food safety standards and operational procedures and has conducted over 12,000 Food Safety Assessments in its restaurants worldwide. <h2>What McDonald's should do</h2>The McDonald's case differs from similar incidents at other <keyword id="20697449" type="General" weightage="20" keywordseo="fast-food-chains" source="keywords">fast-food chains</keyword> primarily due to the iconic status of the Quarter Pounder, Alexandra Leung, the founder of <a target="_blank" class="" href="https://monogic.co/">Monogic</a>, an F&amp;B marketing and PR agency in Singapore and Hong Kong, told Business Insider. "As a classic menu item, any food safety issue involving the Quarter Pounder could significantly impact consumer trust and brand reputation, making it a more sensitive issue for McDonald's," she said. The Quarter Pounder is important to McDonald's menu — and to its brand more broadly. Menu "classics" like the Quarter Pounder <a target="_blank" class="" href="https://www.businessinsider.com/mcdonalds-quarter-pounder-ecoli-outbreak-why-important-sales-2024-10">have made up a bulk of food sales</a> in McDonald's top markets in recent years. The company's stock price tumbled nearly 10% in after-hours trading on Tuesday, following the news. However, Leung said the company's well-established food safety management system and history of rigorous supplier audits may allow for a more effective response. The fast-food chain will also have to conduct thorough audits of its suppliers' practices, she said. In addition to removing any affected items from the menu, McDonald's should also communicate clearly with its customers throughout the process, Leung said. "Clear messaging about the steps being taken to ensure food safety is vital. This proactive approach will help reassure customers that their health is a top priority," Leung said. "Transparency is crucial in rebuilding trust with customers, as it demonstrates accountability and a commitment to their safety." October 24, 2024 — An earlier version of this story mentioned a product recall of the affected items, McDonald's has not confirmed an official recall.

How McDonald's can learn from other fast-food giants in recovering from the deadly E. coli outbreak

<ul class="summary-list"><li>JB Hunt beat earnings estimates for the first time in two years.</li><li>Shares climbed as much as 8% on signs of improving demand.</li></ul>Trucking company <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/jbht-stock">JB Hunt</a> earned the approval of stock investors on Wednesday after a stronger-than-expected earnings report showed demand is coming back.Shares of the company climbed as much as 8% after both third-quarter revenue and earnings-per-share results surpassed estimates after the closing bell on Tuesday. It's welcome news for a company whose earnings have consistently underwhelmed forecasts over the last two years. The last time JB Hunt exceeded the consensus EPS forecast was the third quarter of 2022.It's a promising signal that the prolonged <a target="_blank" href="https://www.businessinsider.com/accuride-default-freight-recession-outlook-trucks-consumer-demand-sp-global-2024-7">US trucking-industry recession</a> is easing and demand in the sector is returning, albeit gradually. JB Hunt specifically mentioned demand in its biggest business — intermodal service — had improved throughout the third quarter.The firm — considered a freight industry bellwether — has been among many suffering from an extensive <a target="_blank" href="https://www.businessinsider.com/jb-hunt-q1-earnings-miss-stock-price-freight-recession-outlook-2024-4">post-pandemic trucking slowdown</a>. With low demand and oversupplied trucking fleets, this so-called recession has <a target="_blank" href="https://www.businessinsider.com/freight-recession-outlook-trucking-bankruptcies-fedex-ups-consumer-demand-downturn-2024-7">bankrupted thousands of carriers and trucking brokers</a>.These struggles have translated into weak market performance for JB Hunt and other freight carriers. Even with Wednesday's sharp move higher, the company's stock is still down roughly 10% year-to-date, badly trailing a 23% return for the benchmark S&amp;P 500."We continue to navigate a challenging freight environment," JB Hunt CEO Shelley Simpson acknowledged in the firm's earnings conference call on Tuesday, but followed up with a positive take: "As discussed last quarter, we have seen a return to more normal seasonal demand patterns as evidenced across our businesses in the third quarter."Chief operating officer Nicholas Hobbs added: "Our sales pipeline remains strong, and our team has worked hard to backfill most of those truck losses we have experienced this year."He added that 258 trucks were sold in new deals over the quarter and cited a significant pickup in customer locations, boosting the firm's trucking margins.Going beyond JB Hunt, there has been other data suggesting better prospects ahead.DAT Freight &amp; Analytics' trucking volume index rose year-over-year for all three different categories of freight equipment for the 12 months ended in September."We're firmly into a new freight cycle after nearly 22 months of rather extreme expansion and 27 months of contraction," Ken Adamo, DAT chief of analytics, said in a <a target="_blank" href="https://www.businesswire.com/news/home/20241015297952/en/DAT-September-%E2%80%98firmly-into-a-new-truckload-freight-cycle%E2%80%99">release</a> on Wednesday."We expect seasonality to provide some tailwinds over the next few months, and hopefully modest improvements in rates coupled with retail freight volumes and stable fuel prices can get the motor carrier base on more solid footing," he added.

The US freight recession is showing early signs of recovery

<ul class="summary-list"><li>Morgan Stanley's Mike Wilson is now bullish on the stock market, setting a 2025 S&amp;P 500 target of 6,500.</li><li>He cites Fed rate cuts and potential deregulation, and says high-quality cyclical stocks will outperform.</li></ul>Closely watched Wall Street strategist Mike Wilson of <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/ms-stock">Morgan Stanley</a> is turning more bullish on the stock market.In a Monday note, the CIO and chief US equity strategist set a 2025 year-end <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> price target of 6,500, representing potential upside of 11% from current levels.The call is notable considering that Wilson has been largely bearish on stocks over the past few years, correctly calling the 2022 bear market but <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-earnings-recession-morgan-stanley-bear-mike-wilson-2023-12">remaining bearish</a> throughout much of the stock market's advance that began in October 2022.Wilson previously had a mid-year 2025 S&amp;P 500 price target of 5,400. The S&amp;P 500 traded at around 5,900 on Monday.According to Wilson, <a target="_blank" class="" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-2025-trump-tariff-inflation-growth-2024-11">interest-rate cuts</a> from the Federal Reserve, combined with improving economic growth and the potential for a wave of deregulation under the incoming Trump administration, means investors should lean bullish on stocks."A potential rise in corporate animal spirits post the election (as we saw following the 2016 election) could catalyze a more balanced earnings profile across the market in 2025," Wilson said.Wilson had previously been skeptical of stock market upside due to elevated valuations. While he admits they're still "rich," they could be justified as long as the economy holds up.And looking under the surface, valuations aren't hitting extremes, according to the note."The S&amp;P 500 median stock multiple is less extended at 19.0x and should stay supported if the earnings recovery broadens out in 2025 as we expect," Wilson said.Wilson recommended investors own high-quality cyclical stocks, with a particular focus on stocks found in the financials sector.On the flipside, Wilson recommended investors take an underweight position on consumer discretionary and consumer staple stocks due to limited pricing power and the potential risk of tariffs.While Wilson shifted to a more bullish tone on stocks, he said investors should "stay nimble" amid changing market leadership and uncertainty around President-elect Donald Trump's policies related to immigration, global trade, and government spending."We are potentially going through another sea change in policy outcomes that could have both short and longer term implications for markets," Wilson said.

Morgan Stanley is finally bullish on stocks: Why the firm now sees 11% upside through 2025

<ul class="summary-list"><li>Airlines are doubling down on high-margin premium cabins and even expanding them on new planes.</li><li>They're counting on them to fill the financial hole caused by a glut of cheap economy seats.</li></ul>Airlines are counting on their premium cabins to help recover from the financial hole created by <a target="_blank" class="" href="https://www.businessinsider.com/airlines-united-delta-scrambling-fix-crisis-too-many-cheap-flights-2024-7">an influx of cheap economy seats that flooded the market</a> earlier this year.American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared to the prior year. That increase, when capacity was only up 3%, suggests customers are <a target="_blank" class="" href="https://www.businessinsider.com/southwest-airlines-route-changes-investor-day-atlanta-nashville-hawaii-2024-9">willing to pay for upgrades</a>, something the industry badly needs to get out of a rut. Rivals Delta Air Lines and <a target="_blank" class="" href="https://www.businessinsider.com/united-airlines-takes-subtle-jab-delta-crowdstrike-outage-meltdown-2024-10">United Airlines</a> reported similar premium revenue growth in the quarter, at 4% and 5%, respectively. Andrew Nocella, United's executive vice president and chief commercial officer, said on the company's earnings call that the premium cabin "performed better than the main cabin in all entities during the quarter."<div type="image" title="American Airlines flagship suite" height="2000" width="3000" msid="114557195" hostid="261" sizebytes="402162"></div>Delta, for its part, said its premium cabins generated $5.3 billion in revenue compared to $6.3 billion for the economy cabin despite being just a fraction of the tickets sold.Not all airline recovery is created equal. While United and Delta's stock prices have risen 81% and 34%, respectively, this year, American's has fallen 5%. American's lag is due, in part, to a failed corporate strategy that pushed away high-paying customers and resulted in the firing of its chief commercial officer, Vasu Raja."We have taken aggressive action to reset our sales and distribution strategy and reengage the business travel community, which we're confident will improve our revenue performance over time," American CEO Robert Isom said in Thursday's earnings release.<h2 id="ee597f84-e92c-4762-a020-fa7292f9eb6a">Premium seats allow airlines to charge a premium</h2>The legacy carriers' renewed attention to their premium offerings is also due, in part, to their acknowledgment of an <a target="_blank" class="" href="https://www.businessinsider.com/business-class-light-ubundled-delta-demand-overseas-2024-10">overall shift in customer expectations</a>. It's a much-welcome change as airlines have scrambled to compensate for the unsustainably cheap economy seats from <a target="_blank" class="" href="https://www.businessinsider.com/southwest-airlines-changes-turnaround-plan-assigned-seats-routes-bags-2024-9">revenue-starved low-cost carriers</a>, which have dragged down their earnings this year.<div type="image" title="A render of a new Delta One suite" height="2250" width="4000" msid="114557200" hostid="261" sizebytes="204862"></div>Leaning more into premium seats could fill that financial void. American has doubled down on bettering its business class. It plans to launch a new Flagship Suite for future Boeing 787s and Airbus A321XLRs, which will also be retrofitted onto the airline's existing Boeing 777-300ERs.<a target="_blank" class="" href="https://www.businessinsider.com/business-class-light-ubundled-delta-demand-overseas-2024-10">Delta has hinted at an unbundled business class </a>to stoke more demand for its highest-dollar cabin. Meanwhile, United is planning to create a new lie-flat business class for its new A321XLRs. Each of the Big 3 have also announced big investments in their <a target="_blank" class="" href="https://www.businessinsider.com/delta-one-new-lounge-new-york-jfk-amenities-skyclub-2024-6">ever-important airport lounges. </a><div type="image" title="United Airlines Polaris Business Overview" height="1125" width="2000" msid="114557201" hostid="261" sizebytes="120896"></div>On the budget side, <a target="_blank" class="" href="https://www.businessinsider.com/airlines-spirit-southwest-jetblue-struggle-profit-scrambling-changes-tickets-seats-2024-8">Frontier Airlines and Spirit Airlines</a> have yet to score a profit since 2019 and are making drastic changes to their historic bare-bones strategy. Frontier in March announced "business-class-like" seats that would leave the middle seat blocked, while <a target="_blank" class="" href="https://www.businessinsider.com/spirit-airlines-debt-ceo-profitable-merger-jetblue-2024-2">Spirit revealed bigger and more spacious</a> seat options in July.JetBlue Airways recently announced lounges would be built for its Mint business class, and Southwest Airlines plans to upsell seats with more legroom — ditching its previous egalitarian model.

Airlines are making a miraculous recovery by doubling down on premium seats

Two years ago, while gearing up for the production of his latest cinematic venture, Blitz, <keyword id="23099016" type="General" weightage="20" keywordseo="Oscar-winning-director" source="keywords">Oscar-winning director</keyword> <keyword id="22615264" type="General" weightage="100" keywordseo="Steve-McQueen" source="keywords">Steve McQueen</keyword> received life-altering news: he had prostate cancer. It was a revelation that came during a routine check-up, weeks before the cameras were set to roll. "I was just doing stuff in bed on the computer — working, emailing, and whatever," McQueen shared in a candid interview with Deadline, reflecting on the moment he learned about the small tumour growing on his prostate. Despite the devastating news, McQueen chose to keep his diagnosis under wraps, focusing instead on managing the Blitz production. "I kept it private at that stage," he explained, determined not to alarm his cast and crew. In true McQueen fashion, he didn’t let the diagnosis derail his plans. Delaying the shoot by just two weeks, he underwent surgery to remove the tumour. Fast forward two years, McQueen is back in the director’s chair, fully recovered, and living life to the fullest. "I really just wanted to get on with the job," he said, summing up his no-nonsense approach. This wasn’t McQueen’s first brush with the harsh reality of prostate cancer. His father tragically passed away from the disease in 2006, a loss that left a profound mark on him. Yet, in hindsight, it was this tragedy that may have saved McQueen’s life. "In some ways, you could say my dad saved my life because, unfortunately, he died of it," McQueen reflected. His father’s battle prompted McQueen to stay vigilant about his own health, which led to the early detection that ultimately spared him a worse fate. Having faced prostate cancer head-on, McQueen is now on a mission to spread awareness, particularly within the Black community, where the risk is higher. "One in 12 Black men will die of prostate cancer," McQueen stated passionately. "For me, it was about preempting it. The fact that I was preempting the situation for years was, again, my saviour in that way. So, just preempt it and get it early." McQueen expressed frustration at the hesitancy among men to seek screenings. "The tragedy of this is no one has to die of it," he emphasised, highlighting the life-saving importance of early detection. McQueen’s advocacy extends to his art. In 2021, he released Embarrassed, a short film tackling the stigma around prostate cancer in the Black community. Featuring stars like Idris Elba and Morgan Freeman, the film opened conversations about a topic too often shrouded in silence. His latest short, Proactive for Your Prostate, stars David Harewood and furthers his campaign to encourage Black men to prioritise regular screenings. "The tragedy of this is no one has to die of it," he reiterated. (With inputs from agencies)

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