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Stock Market & Financial Investment News

News Breaks
June 8, 2012
12:12 EDTATPG, MCD, CNC, CHKM, PRGS, MOH, CHKOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday ahead of a number of potentially market moving events expected over this weekend. Stock futures began the day indicating a sharply lower open, putting the Dow's three day winning streak in jeopardy. The weakness was attributed to continuing worries about the EU's ability to support Spanish banks. The market opened lower, but found a level where it sat and began to build. An hour into the trading session the market had recouped more than half of its losses and a short time later moved back into positive territory. What looked like a day that would end in a sell off has now climbed a wall of worry into positive territory and the averages are once again positive for the year... ECONOMIC EVENTS: In the U.S., April's trade balance report was generally in line and wholesale inventories in the month increased 0.6%, versus an expected increase of 0.4%. In Europe, Spain is set to become the fourth, and largest, country to seek assistance since Europe's debt crisis began, according to Reuters. The news service cited officials in Brussels and Berlin, saying a conference call is planned for Saturday morning to discuss a Spanish request for aid... COMPANY NEWS: Chesapeake Energy (CHK) was in focus as it held its annual shareholder meeting, where two current directors resigned after shareholder voting and a proposal to amend the company's long term incentive plan passed. Also, the company announced three separate transactions to sell its midstream assets for total proceeds of more than $4B, including the sale of its general partner interests in Chesapeake Midstream Partners (CHKM) to Global Infrastructure Partners for $2B... McDonald's (MCD) reported disappointing worldwide same store sales growth of 3.3% in May, as results were dragged down by the company's performance in Asia, the Middle East and Africa. The fast food giant also warned that its Q2 results could be pressured by austerity measures in Europe, foreign currency effects and macro headwinds, sending shares down a bit more than 0.75%... MAJOR MOVERS: Among the notable gainers was Molina Healthcare (MOH), which rebounded from a slide yesterday to gain more than 27% today, after the company announced last night that it will continue as a Medicaid managed care provider in Ohio. Centene (CNC), up 10%, also benefited from Ohio reversing its earlier decision and recommending the company for a Medicaid contract. Noteworthy losers included ATP Oil & Gas (ATPG), down more than 13%, after the company said it was unable to come to an employment agreement with recently hired CEO Matt McCarroll, resulting in his resignation, and Progress Software (PRGS), down 13%, following its warning that its Q2 earnings and revenue will fall short of consensus estimates... INDICES: Near noon, the Dow was up 11.58, or 0.09%, to 12,472.54; the Nasdaq was up 8.32, or 0.29%, to 2,839.34; and the S&P 500 was up 1.04, or 0.08%, to 1,316.03.
News For CHK;CHKM;MCD;MOH;CNC;ATPG;PRGS From The Last 14 Days
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September 4, 2015
07:49 EDTMOHMolina Healthcare PHS/PCS deal a 'nicely accretive' transaction, says UBS
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September 3, 2015
09:06 EDTMOHMolina Healthcare to acquire PHS, PCS units from Providence Service
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04:46 EDTCHKStocks with implied volatility movement; YHOO CHK
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September 2, 2015
14:36 EDTMCDMcDonald's all-day breakfast may further crimp egg supplies, Bloomberg says
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07:41 EDTMCDMcDonald's risk/reward favorable under new management, says Deutsche Bank
Deutsche Bank analyst Karen Short views the risk/reward for shares of McDonald's as favorable given new management's sense of urgency and willingness to challenge the previous strategies. After hosting a group of investors to discuss the bull and bear points of view on the stock, Short sees a greater interest in being long McDonald's. She has a Buy rating on the stock with a $120 price target.
September 1, 2015
15:09 EDTMCDMcDonald's to offer all-day breakfast starting October 6, WSJ says
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August 31, 2015
19:52 EDTMCDMcDonald's begins cooking breakfast items with real butter, CNBC says
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August 30, 2015
12:33 EDTMCDDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 28, 2015
12:01 EDTCHKStocks with call strike movement; CHK SWN
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August 27, 2015
19:53 EDTMCDMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
18:16 EDTMCDLabor Relations Board revises joint employer policy
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August 26, 2015
06:18 EDTMCDMcDonald's customization kiosks fail to reach drive-thru customers, QSR reports
McDonald's' new "Create Your Taste" kiosks in all its franchises, allowing for customers to customize their orders, may present a problem since they can only be accessed from inside the restaurants, and McDonald's allegedly receives as much as 70% of its sales from the drive-thru, QSR Magazine reports. The expensive new kiosks are expected to cost franchises between $100,000-$150,000 to install, the report says. "At a cost of $100,000-$150,000 per restaurant to implement, it has a limited upside," Richard Adams, a former McDonald's franchisee, told QSR. "I think this is more a stunt to appeal to Wall Street investors instead of being practical for the restaurant operator." Reference Link
August 21, 2015
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
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06:45 EDTMCDMcDonald's accused of mistreating employees in Brazil, Reuters says
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06:11 EDTMCDMcDonald's signs franchise deal with Russia's GiD, Reuters reports
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