Chinese stocks – Chinese stocks Friday as the Hang Seng Index sold off after President Xi Jinping was given a third term as the country’s leader. JD.com shed more than 4%. Baidu slid more than 3%, while Alibaba dropped 4.7%. Pinduoduo fell about 1%.
McDonald’s – The fast-food giant saw shares rise 3% after Morgan Stanley reiterated its overweight rating on them. The firm called McDonald’s a must-own “in these times” after its earnings report on Thursday showed growing traffic to its U.S. restaurants.
Deckers – The footwear and apparel maker fell 3%, despite reporting strong quarterly earnings that led UBS to reiterate its buy rating on the shares. Deckers also reaffirmed its conservative full-year financial outlook.
Resmed — Shares dropped 5.9% after Citi downgraded shares of Resmed to neutral from buy, according to StreetAccount. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount.
