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Stock Market & Financial Investment News

News Breaks
February 11, 2014
06:02 EDTMCD, SBUX, KRFTKraft removing artificial preservatives from Singles, AP reports
Kraft Foods (KRFT) is taking out artificial preservatives from its Singles in the full-fat American and White American varieties, which the company says account for most of the brand's sales, the Associated Press reports. Subway recently said it would remove a chemical from its bread called azodicarbonamide, which is also used in a variety of products, including those sold by Starbucks (SBUX) and McDonald's (MCD). Reference Link
News For KRFT;SBUX;MCD From The Last 14 Days
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April 22, 2014
11:30 EDTMCDMcDonald's sees Q2 minimally impacted by currency
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11:19 EDTMCDMcDonald's sees FY14 market dynamics to remain similar to FY13
Says U.S., Germany, Australia, Japan "priorities" for company. Sees "volatile" results in near-term. Says evaluating opportunities to return value to shareholders. Says will continue to build on strength of morning business. Says remains cautious on Europe in the near-term." Sees significant growth potential through Asia Pacific, Middle East & Africa. Says committed to returning all free cash to shareholders via buybacks, dividends. Says priority is to invest in business. Says Q1 commodity costs were up 3% in the U.S., sees similar commodity pressure in Q2.
11:08 EDTMCDMcDonald's says sees April global comparable sales modestly positive
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09:16 EDTMCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Netflix (NFLX), up 8%... Harley-Davidson (HOG), up 7%... PLX Technology (PLXT), up 8%... Illinois Tool (ITW), up 2.3%... Comcast (CMCSA), up 1%... McDonald's (MCD), up 0.6%. ALSO HIGHER: Allergan (AGN), up 17% after Valeant (VRX) confirms proposal to combine with the company for $48.30 and 0.83 shares of stock. Valeant is up 5% following its confirmation of the news that broke last night... GlaxoSmithKline (GSK), up 4.5% after agreeing to sell oncology products for $14.5B to Novartis (NVS) and buy Novartis' Vaccines business, currently excluding its flu business, for $7.1B plus royalties. Novartis shares trading in New York are also up 1% following the deals... Revance Therapeutics (RVNC), up 20% after announcing positive results from RT002 Phase 1/2 study... Facebook (FB), up 2% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Xerox (XRX), down 4%... Lexmark (LXK), down 4.8%. ALSO LOWER: Allison Transmission (ALSN), down 4% after filing to sell 25M shares for holders... FireEye (FEYE), down 2.9% after filing to sell 13.3M shares of common stock for holders... Bebe stores (BEBE), down 16% after reporting preliminary Q3 losses that were steeper than the consensus estimate.
08:08 EDTMCDMcDonald's says Q1 results in U.S. reflect negative comparable guest traffic
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08:06 EDTMCDMcDonald's says it is focused on stabilizing key markets
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08:02 EDTMCD McDonald's reports Q1 global comp sales up 0.5%
Reports Q1 U.S. comp sales down 1.7%; Reports Q1 Europe comp sales up 1.4%; Reports Q1 Asia/Pacific, Mideast, Africa comp sales up 0.8%
08:01 EDTMCDMcDonald's expects April global comparable sales to be 'modestly positive'
07:58 EDTMCDMcDonald's reports Q1 EPS $1.21, consensus $1.24
Reports Q1 revenue $6.70B, consensus $6.73B
April 21, 2014
15:16 EDTMCDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 64c; United Technologies (UTX), consensus $1.27; McDonald's (MCD), consensus $1.24; Simon Property Group (SPG), consensus $2.24; Lockheed Martin (LMT), consensus $2.53; Bank of New York Mellon (BK), consensus 53c; Illinois Tool Works (ITW), consensus 98c; Travelers (TRV), consensus $2.16; Omnicom Group (OMC), consensus 79c; Pentair (PNR), consensus 73c; Harley-Davidson (HOG), consensus $1.08; Regions Financial (RF), consensus 20c; Genuine Parts Company (GPC), consensus $1.02; Xerox (XRX), consensus 24c; Carlisle (CSL), consensus 53c.
12:51 EDTMCDEarnings Preview: McDonald's shares up more than 3% year-to-date
McDonald's (MCD) is scheduled to report first quarter earnings before the open on Tuesday, April 22, with a conference call scheduled for 11:00 am ET. McDonaldís franchises and operates fast food restaurants globally. EXPECTATIONS: Analysts are looking for earnings per share of $1.24 on revenue of $6.73B, according to First Call. The consensus range for EPS is $1.20-$1.29 on revenue of $6.61B-$6.99B. LAST QUARTER: McDonald's reported fourth quarter EPS of $1.40 against estimates of $1.39 and revenue of $7.09B against estimates of $7.11B. McDonald's also reported global comparable sales down 0.1%, with U.S. SSS down 1.4%, Europe SSS up 1% and Asia/Pacific, Mideast, Africa SSS down 2.4%. On its conference call, the company said it expects to return $5B to shareholders in 2014 through dividends and share repurchases. The company gave fiscal year 2014 guidance for capital expenditures of $2.9B-$3.B, and said the investment will provide for 1,500-1,600 new restaurant openings and the reimaging of over 1,000 existing locations. McDonald's also forecast FY14 commodity costs up 1%-2% in the U.S. NEWS: During the quarter, McDonald's announced that Chief Operating Officer Tim Fenton will retire, effective October 1. He will serve as COO during a brief transition period, and then as a special advisor to Chief Executive Officer Don Thompson. The company will not replace the COO role, but will broaden responsibilities for Pete Bensen, Executive Vice President and Chief Financial Officer, and Steve Easterbrook, Executive Vice President and Global Chief Brand Officer. At the RBC Capital Markets Consumer & Retail Conference in March, CFO Bensen said the U.S. has the "most need" for improvement in the short-term and that the company is looking for ways to optimize capital structure while maintaining long-term financial strength. Bensen previously indicated that the company could raise its target of returning $5B to shareholders if the company increased its leverage. McDonald's also faced lawsuits during the quarter around the country claiming the restaurant chain was "systematically" stealing employees' wages, Reuters reported. PRICE ACTION: McDonald's shares are trading up over 5% over the last three months and are up over 3% year-to-date.
06:44 EDTMCD, SBUXCompetitors gaining ground on McDonald's breakfast market, WSJ says
McDonald's (MCD) faces increased competition from Yum Brands' (YUM) new Taco Bell breakfast menu as well as Burger King (BKW), Dunkin' Brands (DD), Starbucks (SBUX), and White Castle's renewed efforts to gain ground in the breakfast market, reports the Wall Street Journal. Reference Link
06:34 EDTMCDMcDonald's planning makeover for China restaurants, WSJ reports
McDonald's is planning to overhaul some restaurants in China's big cities and add commercials featuring basketball star LeBron James, the Wall Street Journal reports. Reference Link
06:04 EDTKRFTKraft Foods recalling Oscar Mayer wieners, AP reports
Nearly 96,000 pounds of Oscar Mayer wieners are being recalled by Kraft Foods as they may contain the company's "Classic Cheese Dogs," the Associated Press reports. Reference Link
April 16, 2014
12:47 EDTSBUXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
10:49 EDTSBUXSodaStream rallies following report of talks to sell stake to American company
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08:49 EDTSBUXSodaStream investment report 'unsubstantiated and unlikely,' says Stifel
Stifel said it views the report in Israel-based Calcalist that SodaStream (SODA) was in talks with a large partner like PepsiCo (PEP), Dr. Pepper (DPS), or Starbucks (SBUX) for a 10%-16% strategic stake as "unsubstantiated and unlikely." Stifel noted that the publication reported falsely in the past that PepsiCo was going to purchase SodaStream and the firm maintained its Sell rating on SodaStream shares. Note that SodaStream shares are up nearly 12% in pre-market trade following Calcalist's report.
06:38 EDTSBUXStarbucks to relocate EU headquarters to Britain, U.K. Times says
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April 15, 2014
06:52 EDTSBUXJuan Valdez profit sparks IPO goal as chain takes on Starbucks, Bloomberg says
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April 14, 2014
07:59 EDTSBUXStarbucks volatility increases from historic low levels into Q2 and outlook
Starbucks April call option implied volatility is at 24, May is at 27, June is at 24, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large June near term price movement into the expected release of Q2 results after the market close on April 24.
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