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Stock Market & Financial Investment News

News Breaks
January 23, 2014
08:06 EDTMCDMcDonald's says 2013 was a 'challenging year'
News For MCD From The Last 14 Days
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April 23, 2014
07:44 EDTMCDMcDonald's turnaround appears to be taking hold, says Susquehanna
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06:02 EDTMCDMcDonald's price target raised to $110 from $105 at Deutsche Bank
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April 22, 2014
12:02 EDTMCDMcDonald's says hasn't felt impact from Taco Bell's breakfast
McDonald's says it will optimize capital structure. Says has had no safety issues in Russia, Crimea.
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. McDonald’s 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 EDTMCDCompetitors 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

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