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Stock Market & Financial Investment News

News Breaks
August 8, 2014
16:28 EDTIRG, TKMR, POST, MCD, NVDAOn The Fly: Closing Wrap
Stocks began the session in positive territory despite President Obama authorizing air strikes against the Islamic State militant group in northern Iraq in conjunction with a humanitarian effort. The early move higher stalled but the market then moved higher as reports confirmed that Russian military aircraft exercises near the Ukraine border had ended, as planned. ECONOMIC EVENTS: In the U.S., productivity growth rose 2.5% in the second quarter, beating expectations for a rise of 1.6%. Second quarter unit labor costs, however, only increased 0.6%, which was below the 1% consensus forecast. Wholesale inventories increased 0.3% in June, and sales were up 0.2%, which were both below expectations. COMPANY NEWS: Shares of McDonald's (MCD) were fractionally higher despite the company reporting that its comparable store sales fell 2.5% in July, which was significantly worse than expected. The fast food giant stated that its U.S. comparable sales were down 3.2% in the month compared to the same month of last year and that comp sales in Asia/Pacific, Middle East and Africa dropped 7.3%. The APMEA region's comparable sales decline reflects the impact of food quality and safety issues at a supplier to McDonald's and other food companies in China which caused a "significant negative impact" to results in China, Japan and certain other markets, the company noted. As a result of the China supplier issue, the company's previously issued global comparable sales forecast for 2014 is now at risk, McDonald's added. MAJOR MOVERS: Among the notable gainers was chip maker NVIDIA (NVDA), which rose $1.54, or 8.82%, to $19.00 after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. Also higher was small-cap Tekmira Pharmaceuticals (TKMR), which jumped $6.43, or 45.06%, to $20.70 after announcing that the FDA has verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola Investigational New Drug Application to a partial clinical hold. Among the noteworthy losers was cereal maker Post Holdings (POST), which fell $7.08, or 15.91%, to $37.43 and was downgraded to Neutral from Buy at SunTrust after the company reported an adjusted net loss for its third quarter and agreed to acquire American Blanching Company for $128M. Also lower were shares of Ignite Restaurant (IRG), the owner of the Joe’s Crab Shack and Macaroni Grill brands, which fell $4.33, or 34.98%, to $8.05 after reporting second quarter results that missed analysts' expectations and having its shares downgraded at Raymond James and CL King. INDEXES: The Dow advanced 185.66, or 1.13%, to 16,553.93, the Nasdaq gained 35.93, or 0.83%, to 4,370.90, and the S&P 500 rose 22.02, or 1.15%, to 1,931.59.
News For MCD;TKMR;NVDA;POST;IRG From The Last 14 Days
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July 23, 2015
11:04 EDTMCDMcDonald's sees positive global comparable sales in Q3
McDonald's President and CEO Steve Easterbrook said earlier that the company has made "meaningful progress" since announcing the initial steps of its turnaround plan in early May. "To position the business for long-term growth, we've undergone significant organizational change and are streamlining our global resources to improve our efficiency and effectiveness. While our second quarter results were disappointing, we are seeing early signs of momentum. Looking ahead to third quarter, we expect positive global comparable sales led by growth in our newly-created International Lead Market segment and China's continuing recovery from the 2014 APMEA supplier issue," Easterbrook added.
08:00 EDTMCDMcDonald's reports Q2 global comparable sales down 0.7%
Reports Q2 global comparable sales down 0.7%, reflecting negative guest traffic in all major segments. Reports Q2 US comparable sales down 2%, reflecting negative guest traffic as the featured products and promotions did not achieve expected consumer response amid ongoing competitive activity. Reports Q2 Europe comparable sales up 1.2% driven by solid performance in the U.K. and Germany, partly offset by negative results in France. Reports Q2 APMEA comparable sales down 4.5%, primarily due to the impact of prolonged, broad-based consumer perception issues in Japan along with negative performance in China and other Asian markets, partly offset by strong performance in Australia.
07:59 EDTMCDMcDonald's reports Q2 EPS $1.26, consensus $1.24
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06:56 EDTPOSTBarber Foods possible $2B sale delayed due to chicken recall, NY Post says
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July 22, 2015
15:26 EDTMCDNotable companies reporting before tomorrow's open
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13:51 EDTMCDMcDonald's technical comments before results
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13:19 EDTMCDEarnings Watch: McDonald's to report Q2 earnings as company seeks revival
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08:25 EDTMCDMcDonald's July weekly volatility elevated into Q2 and outlook
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July 21, 2015
18:29 EDTMCDMcDonald's may offer all-day breakfast nationwide in October, WSJ reports
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July 20, 2015
08:41 EDTTKMRTekmira to change corporate name to Arbutus Biopharma
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08:24 EDTMCDMcDonald's U.S. outlook improving, says RBC Capital
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July 16, 2015
19:32 EDTMCDMcDonald's franchisees indicate lowest 6-month outlook in 12 years, WSJ says
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10:00 EDTMCDOn The Fly: Analyst Initiation Summary
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08:18 EDTNVDASeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
July 15, 2015
19:03 EDTNVDAOn The Fly: After Hours Movers
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18:05 EDTNVDAIntel pulls semiconductor peers higher after reporting Q2 results
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16:20 EDTMCDMcDonald's initiated with a Neutral at BTIG
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09:07 EDTMCDMcDonald's turnaround to take years, Peltz says on CNBC
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09:06 EDTMCDPeltz says if didn't own Wendy's, McDonald's may be investment
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08:03 EDTNVDAJuniper names Bob Worrall as SVP, Chief Information Officer
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