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Stock Market & Financial Investment News

News Breaks
February 13, 2013
11:52 EDTPZZA, DPZ, JACK, DRI, EAT, SONC, BJRI, MCDFast food stocks fall after Obama proposes raising minimum wage
Stocks of many fast food and casual dining companies are retreating significantly after President Obama proposed increasing the national minimum wage to $9 per hour from the current $7.25 per hour during his state of the Union speech last night. In late morning trading, McDonald's (MCD) dropped 1.7% to $93.50, Brinker (EAT) slid 3% to $32, Domino's Pizza (DPZ) dropped 2% to $45.50, BJ's Restaurant (BJRI) tumbled 3.5% to $33, and Darden Restaurant (DRI) retreated 2.5% to $45.50.
News For MCD;EAT;DPZ;BJRI;DRI;PZZA;SONC;JACK From The Last 14 Days
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March 20, 2015
09:24 EDTDRIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
09:07 EDTDRIDarden says $90M-$100M cost saving target a 'starting' point
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08:52 EDTDRIDarden says had identified potential for $90M-$100M in annualized cost savings
Sees realizing $30M of target saving in this fiscal year recognizing $40M-$50M more in FY16 and sees recognizing full target of annualized savings by FY17. Comments made on Q3 earnings conference call.
08:51 EDTDRIDarden says search for new CFO 'well underway'
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08:49 EDTDRIDarden sees issuing FY16 outlook in June with earnings call
08:45 EDTDRIDarden says has listed 31 properties for triple-net sale leaseback
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08:40 EDTDRIDarden price target raised to $70 from $62 at KeyBanc
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07:04 EDTDRIDarden reports Q3 Olive Garden sales up 3% to $957M
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07:04 EDTDRIDarden sees FY15 adjusted EPS $2.45-$2.48, consensus $2.30
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07:03 EDTDRIDarden sees Q4 adjusted EPS 91c-94c, consensus 89c
07:02 EDTDRIDarden reports Q3 comparable same-restaurant sales up 3.6%
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07:01 EDTDRIDarden reports Q3 adjusted EPS 99c, consensus 84c
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March 19, 2015
15:19 EDTDRINotable companies reporting before tomorrow's open
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14:31 EDTDRIDarden March 62 straddle priced for 3.3% movement into Q3
March 18, 2015
09:28 EDTSONCSonic March volatility elevated into Q2 and outlook
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08:47 EDTDRIDarden March volatility elevated into Q3 and outlook
Darden March call option implied volatility is at 64, April is at 28, July is at 22; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on March 20.
March 17, 2015
10:00 EDTBJRIOn The Fly: Analyst Upgrade Summary
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07:24 EDTBJRIBJ's Restaurants upgraded to Outperform from Neutral at Wedbush
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06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link
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