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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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April 22, 2015
10:15 EDTMCDMcDonald's rises on turnaround plan hopes, levels to watch
The shares are up over 4% at time of writing at $98.76. At that price next resistance is at the $100 area. Support is at $97, the opening price for the session.
09:54 EDTMCDMcDonald's volatility elevated into turnaround plan on May 4
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08:43 EDTMCDMcDonald's reports Q1 EPS ex-charges $1.01, consensus $1.06
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08:00 EDTMCDMcDonald's reports Q1 US comparable sales down 2.6%
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07:59 EDTMCDMcDonald's plans to share initial details of turnaround plan on May 4, 2015
07:58 EDTMCDMcDonald's reports Q1 global comparable sales down 2.3%
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07:58 EDTMCDMcDonald's reports Q1 EPS 84c, consensus $1.06
Reports Q1 revenue $5.96B, consensus $5.96B
April 21, 2015
16:00 EDTMCDOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
15:28 EDTMCDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.
13:14 EDTMCDEarnings Watch: McDonald's reporting first results since naming new CEO
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April 20, 2015
09:36 EDTMCDActive equity options trading on open
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April 17, 2015
13:58 EDTMCDMcDonald's April weekly volatility elevated into Q1 and outlook
McDonald's April weekly call option implied volatility is at 24, May is at 20, June is at 18, September is at 16; compared to 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 22.
April 16, 2015
10:00 EDTSONC, MCD, JACKOn The Fly: Analyst Initiation Summary
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09:36 EDTMCDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
April 15, 2015
17:26 EDTSONCSonic initiated with a Buy at Guggenheim
Target $37.
17:25 EDTMCDMcDonald's initiated with a Buy at Guggenheim
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17:24 EDTJACKJack in the Box initiated with a Neutral at Guggenheim
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11:30 EDTSONCSonic management to meet with William Blair
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10:00 EDTMCDOn The Fly: Analyst Initiation Summary
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06:04 EDTMCDMcDonald's initiated with a Market Perform at Cowen
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