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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:45 EDTWEN, JACK, MCD, SONC, BKWSonic soars to 52-week high after quarterly profit tops estimates
Shares of Sonic (SONC), which operates and franchises a chain of drive-in restaurants, are soaring after the company's second quarter profit topped expectations. It also predicted fiscal 2014 earnings growth of 14%-15%. WHAT'S NEW: Last night, Sonic reported second quarter earnings per share of 7c and revenue of $109.7M, compared to expectations of 6c and $110.94M, respectively. The company reported system-wide same-store sales increased 1.4%, consisting of an increase of 1.5% at franchise drive-ins and an increase of 1.3% at company drive-ins. WHAT'S NOTABLE: Sonic forecast FY14 EPS growth of 14%-15%, compared to consensus of 82c. It also predicted FY14 positive same-store sales in the low single digit range. Company drive-ins are expected to perform above the system average in the latter half of the fiscal year as new digital point-of-purchase technology and a new point-of-sale system are implemented. Sonic estimates it will repurchase $80M of stock across the fiscal year utilizing existing cash on hand and free cash flow. ANALYST REACTION: This morning, research firm Stephens repeated its Overweight rating and $25 price target on Sonic shares. Stephens sees the company expanding margins in the coming years and expects Sonic's improving menu and product pipeline to increase potential upside for the stock for the remainder of the year. PRICE ACTION: In late morning trading, Sonic soared $2.13, or 10.2%, to $23.05 on more than three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $23.51. The stock is up over 96% over the past twelve months. OTHERS TO WATCH: Other companies in the quick service dining space include Jack in the Box (JACK), Burger King (BKW), McDonald's (MCD) and Wendy's (WEN).
News For SONC;JACK;BKW;MCD;WEN From The Last 14 Days
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March 4, 2015
05:46 EDTMCDMcDonald's upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital upgraded McDonald's to Outperform saying it believes the stock's risk/reward profile has an upward bias. RBC sees McDonald's U.S. division turning around and international trouble areas stabilizing with new strategic thinkers on the management team. The firm expects the fast food giant's same-store-sales and return on invested capital to turn positive by the end of this year. It upped its price target for shares to $115 from $93. McDonald's closed Tuesday down 26c to $99.74.
March 3, 2015
16:44 EDTMCDMcDonald's CEO Easterbrook to receive $1.1M annual salary
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12:01 EDTMCDOptions with increasing implied volatility
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10:32 EDTMCDMcDonald's volatility increases on sharp one-week rally
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07:59 EDTMCDMcDonald's price target raised to $112 from $101 at BofA/Merrill
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07:39 EDTMCDExecutives' Club of Chicago to hold a breakfast meeting
Maria Green, SVP, General Counsel and Secretary, at Illinois Tool Works, Julia Howe, U.S. Franchising & former General Counsel at McDonald's China participate in a a Breakfast Discussion entitled, "Understanding Top Legal Challenges for Today’s Executive" is being held in Chicago on March 3 at 8:15 am.
March 2, 2015
16:02 EDTMCDOptions Update; March 2, 2015
iPath S&P 500 VIX Short-Term Futures down 91c to 26.70. Option volume leaders: AAPL TSLA TWTR MBI MCD NFLX AMZN GOOG BAC C according to Track Data.
09:34 EDTMCDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MNTA CELG TSLA MCD ARUN GILD KO TWTR NFLX
08:11 EDTSONCSonic reports Q2 SSS up approximately 11.5%
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06:51 EDTMCDMcDonald's CEO to discuss tournaround plans this week, WSJ says
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February 27, 2015
09:35 EDTMCDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
February 26, 2015
16:00 EDTMCDOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
09:35 EDTMCDActive equity options trading on open
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February 25, 2015
16:00 EDTMCDOptions Update; February 25, 2015
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11:41 EDTMCDTrade unions say McDonald's avoided over $1B of taxes in Europe
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10:26 EDTWENWendy's management to meet with Wedbush
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February 22, 2015
15:31 EDTMCDMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
16:03 EDTMCDOptions Update; February 20, 2015
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09:38 EDTMCDActive equity options trading on open
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February 19, 2015
09:35 EDTMCDOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
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