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Stock Market & Financial Investment News

News Breaks
October 11, 2012
07:50 EDTCMG, PNRA, YUM, BKW, MCDFast food chains want to be "fast casual," WSJ reports
Looking to draw more sophisticated consumers, fast food chains are adding fancier ingredients such as portabella mushrooms, citrus-herb marinated chicken and pepper bacon, reports the Wall Street Journal. Behind the move is a growing foodie culture as well as the success of chains like Chipotle Mexican Grill (CMG) and Panera Bread (PNRA), a category called "fast casual." Customers order at the counter but pay for food above a hamburger, fries and a shake. Reference Link
News For CMG;PNRA;YUM;BKW;MCD From The Last 14 Days
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July 21, 2014
17:33 EDTCMGChipotle says 'doing better' with teen market
Says has not seen a huge increase in frequency from core audience. Expects to improve throughput for a "long, long time." Says targeting 30% restaurant operating margin in late 2014, early 2015. Comments from Q2 earnings conference call.
17:02 EDTCMGChipotle says throughput improved significantly during Q2
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16:22 EDTMCD, YUMOn The Fly: Closing Wrap
Stocks on Wall Street began the trading day in negative territory and remained there through nearly the whole session. The market action was influenced more by the geopolitical events in Russia and Israel than by the upcoming avalanche of earnings scheduled for release throughout the week. Despite the weak open and subsequent drop during the first hour of trading, the market drifted off its lows and managed to pare its losses, even turning mixed for a short time. The averages dipped again heading into the bell, though they closed well of their worst levels. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity Index dipped to 0.12 in June from a reading of 0.16 in May. COMPANY NEWS: Allergan (AGN) rose $3.74, or 2.23%, to $171.14 after the company's Q2 results and its FY14 outlook beat expectations. The company, which is working to fend off a proposed acquisition by Valeant Pharmaceuticals (VRX), also announced plans to cut its workforce by 13%, or about 1,500 employees, as part of a broader restructuring effort. In related news, Valeant announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business." Later in the day, Bill Ackman of Pershing Square, who is partnering with Valeant in its attempt to buy Allergan, called the restructuring a "Valeant light" effort and said Valeant does not need to raise its bid for Allergan. Ackman explained that he believes that shares of Valeant will rise around $10 should the Allergan board engage in takeover talks with the company and that a $10 share rise would boost Valeant's bid for Allergan by $8 per share. MAJOR MOVERS: Among the notable gainers was Extreme Networks (EXTR), which rose 69c, or 15.79%, to $5.06 after the company raised its Q4 earnings per share outlook and narrowed its Q4 revenue view. Also higher were shares of EMC (EMC), which advanced $1.35, or 5.0%, to $28.33 after the Wall Street Journal reported, citing sources, that activist investor Elliott Management has taken a stake of over $1B in the data-storage company and plans to push it to break itself up and spin off VMware (VMW), which is 80% owned by EMC. Shares of VMware fell $2.36, or 2.48%, to $92.95 following the Journal's report. Among the other noteworthy losers was Monster Beverage (MNST), which fell $3.07, or 4.53%, to $64.74 after Morgan Stanley downgraded the stock, citing slowing U.S. trends and balanced valuation. Also lower were shares of Yum! Brands (YUM), which fell $3.29, or 4.25%, to $74.13 after Associated Press reported that the company's KFC brand and McDonald's (MCD) were sold expired beef and chicken in China from food supplier Husi Food. Shares of McDonald's, which is scheduled to report on its quarter before tomorrow's market open, slid $1.44, or 1.45%, to $97.55. INDEXES: The Dow fell 48.45, or 0.28%, to 17,051.73, the Nasdaq dropped 7.44, or 0.17%, to 4,424.70, and the S&P 500 declined 4.59, or 0.23%, to 1,973.63.
16:09 EDTCMGChipotle up over 7% after better than expected Q2 results
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16:05 EDTCMGChipotle co-CEO says Q2 one of strongest sales comps as a public company
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16:04 EDTCMGChipotle opened 45 new restaurants in Q2
Total restaurant count now 1,681. Restaurant level operating margin was 27.3% in the quarter, a decrease of 30 basis points from the second quarter of 2013. The decrease was primarily driven by higher food and marketing costs, partially offset by favorable sales leverage in labor and occupancy costs. G & A costs were 7.1% of revenue, an increase of 90 basis points due to higher stock compensation and bonus expenses, partially offset by favorable sales leverage.
16:03 EDTCMGChipotle sees FY14 mid-teens comparable restaurant sales increases
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16:02 EDTCMGChipotle reports Q2 EPS $3.50, consensus $3.08
Reports Q2 revenue $1.05B, consensus $988.94M. Comparable restaurant sales increased 17.3%.
15:30 EDTMCDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
15:30 EDTCMGNotable companies reporting after market close
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15:22 EDTMCDMcDonald's technical comments before results
In the last three months the shares have traded essentially flat, off of the life high set at $103.78 earlier in the period. On a longer term basis the shares have had difficulty maintaining price above the $100 level. Going back to January 2012 there have been three distinct times this level has been attempted which have all failed. We could be seeing major topping action in the stock. How shares behave now will be critical for the next move. On stronger fundamental news, there could be a test to the old high that holds and gets built upon. That would require the shares take out at least the $105 area on the upside without retracing below $100 thereafter. On weaker news than expected the stock could enter a major decline given these three tops above $100. Triple tops often see deeper corrections follow. Support below the current price of $97.70 is at the $94.40 area. This level has held as support in the last few months. A break below would see the 52-week low at $92.22 as next support, followed by $89.85.
15:11 EDTCMGChipotle July weekly 590 straddle priced for 7.3% move into Q2
14:05 EDTMCDEarnings Preview: McDonald's to return up to $20B to investors from 2014-2016
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11:43 EDTYUMYum! Brands trades lower, levels to watch
The shares are trading close to session lows at $74.60 following news of a tainted meat scandal for KFC operations in China. Dragon TV of Shanghai reported that Husi Food Co. sold the company expired chicken repackaged with altered expiration dates. The $74 area is an important one technically for the shares. A breakdown below $74 would be bearish for future price. Holding price at $74 would put the stock back at the lows of the range since mid-February of this year.
11:37 EDTCMGChipotle technical view ahead of earnings
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11:00 EDTMCD, YUMStarbucks China says one of its suppliers got meat from Husi, Bloomberg reports
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09:10 EDTYUM, MCDOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
07:42 EDTYUMYum! Brands weakness a buying opportunity, says UBS
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06:22 EDTMCDMcDonald's July weekly volatility elevated into Q2
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05:59 EDTMCD, YUMMcDonald's, KFC face expired food scandal in China, AP reports
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