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Stock Market & Financial Investment News

News Breaks
November 30, 2012
11:42 EDTCAKE, DNKN, CMG, YUM, CBRL, DPZ, PNRA, EAT, MCD, WEN, PZZA, BKW, DRINRA Restaurant Performance Index falls to lowest level in 14 months
The National Restaurant Association said its Restaurant Performance Index, a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry, fell sharply in October. The RPI stood at 99.5 in October, down 0.9% from September, with the move lower attributed in large part to restaurant operators’ dampened outlook for sales growth and the economy. Reference Link
News For MCD;YUM;DRI;EAT;CMG;BKW;PNRA;DNKN;PZZA;DPZ;CAKE;WEN;CBRL From The Last 14 Days
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July 22, 2015
12:32 EDTCMGOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
11:10 EDTCMGChipotle hits 52-week high despite lower than expected comp sales
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10:15 EDTCMGOptions with decreasing implied volatility
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08:43 EDTCMGChipotle price target raised to $850 from $800 at Baird
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08:26 EDTCMGChipotle July comp guidance likely to be viewed as encouraging, says Bernstein
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08:25 EDTMCDMcDonald's July weekly volatility elevated into Q2 and outlook
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08:05 EDTCMGChipotle has several positive catalysts, says Oppenheimer
After Chipotle reported lower than expected Q2 comps, Oppenheimer notes that the company said that its traffic had accelerated so far in Q3. The firm says that this data point should reduce worries about the company's difficult Q3 comparison. Oppenheimer says that the company's margin outlook is improving, while its comp growth is set to accelerate next quarter and analysts may raise their 2016 EPS estimates. The firm keeps a $775 price target and Outperform rating.
07:33 EDTCMGChipotle long-term growth story remains intact, says JPMorgan
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06:45 EDTCMGChipotle price target raised to $740 from $700 at Piper Jaffray
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July 21, 2015
18:42 EDTCMGChipotle sees 'significant progress' on pork shortage
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18:29 EDTMCDMcDonald's may offer all-day breakfast nationwide in October, WSJ reports
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16:04 EDTCMGChipotle sees FY15 SSS increases in low-to-mid single digit
Sees new restaurant openings at or above the high end of the previously announced range of 190-205 in FY15. Sees an effective full year tax rate of approximately 38.7% in FY15.
16:01 EDTCMGChipotle reports Q2 EPS $4.45, consensus $4.44
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16:00 EDTCMGChipotle July weekly 677.5 straddle priced for 8.3% movement into Q2
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15:02 EDTCMGNotable companies reporting after market close
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11:57 EDTCMGChipotle technical view ahead of earnings
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10:24 EDTYUMOptions with decreasing implied volatility
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06:44 EDTCMGChipotle volatility elevated into Q2 and outlook
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05:57 EDTCMGStocks with implied volatility above IV index mean; CMG GMCR
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July 20, 2015
17:34 EDTWENWendy's completes purchase of 18.42M shares from Trian Group
As previously reported, on June 2, Wendy's and the Trian Group entered into a purchase agreement. At Wendy's request, the Trian Group agreed not to tender or sell any of their shares in the offer and instead agreed, pursuant to the purchase agreement, to sell a pro rata amount of their shares of common stock to the company at a purchase price per share equal to the purchase price determined and paid in the offer, following the completion of the offer. Pursuant to the purchase agreement, on July 17, the company acquired 18.42M shares of common stock, in the aggregate, from the Trian Group at a price of $11.45 per share, for an aggregate purchase price of approximately $210.9M. Trian Group currently holds approximately 19.56% of the outstanding shares of common stock. As such, the Trian Group has completed its previously announced plan to sell a sufficient number of shares to reduce its holdings in the company by at least 20% in order to avoid adverse federal income tax consequences in connection with the transaction. Following completion of the transaction, the Trian Group remains the company’s largest stockholder based on current share ownership information on file with the SEC. In addition, Nelson Peltz continues to serve as the chairman of the board of the company, Peter May continues to serve as vice chairman of the board of the company and Edward Garden continues to serve as a director of the company.
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