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Stock Market & Financial Investment News

News Breaks
August 11, 2014
11:33 EDTWDAY, MCDWorkday rises after reportedly winning record deal with McDonald's
Shares of cloud-based human capital management solution provider Workday (WDAY) are rising after the company is said to have won a deal with global fast food giant McDonald's (MCD) that would be the biggest in its history. WHAT'S NEW: JMP Securities analysts Patrick Walravens and Peter Lowry wrote in a note to investors this morning that the firm's checks indicate that Workday was awarded the human capital management business at McDonald’s, which the analysts said could be the biggest deal in the company’s history. The firm increased its estimate for Workday's Q2 billings to $185M from $182M, noting that both are above the company's guidance of $180M in billing for Q2. JMP maintains its Market Outperform rating and $126 price target on Workday, but the analysts noted that they like the stock over the longer-term, citing its market leading position in the Software-as-a-Service Enterprise Resource Planning space, which is set to triple from 2013 to 2020. PRICE ACTION: In late morning trading, shares of Workday gained $2.43, or 2.9%, to $86.34.
News For WDAY;MCD From The Last 14 Days
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October 21, 2014
08:08 EDTMCDMcDonald's reports Q3 AMPEA comparable sales down 9.9%
Cites the impact of the supplier issue on sales and profitability in China, Japan and certain other markets.
08:07 EDTMCDMcDonald's reports Q3 Europe comparable sales down 1.4%
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08:07 EDTMCDMcDonald's to implement revamped marketing approach, simplified menu
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08:04 EDTMCDMcDonald's reports Q3 global comparable sales down 3.3%
The decrease reflects negative guest traffic in all major segments and impact of previously-disclosed supplier issue in certain markets in APMEA. Reports Q3 consolidated operating income down 14%, half due to impact of supplier issue and remainder due to soft operating performance in US and certain markets in Europe.
08:03 EDTMCDMcDonald's to implement in global approach to increase relevance, drive traffic
The company has announced "Mcdonald's Experience of the Future", a comprehensive restaurant execution concept that elevates the menu and customer experience elements that are hallmarks of the McDonald's brand, and capitalizes on investments in reimaging, service and technology enhancements to improve the look, feel and convenience of the McDonald's experience in ways that are in-tune with today's consumer needs. It also announced a new digital strategy and a review of the organization's structure and use of resources in order to redirect spending toward those initiatives, such as the digital strategy and the McDonald's Experience of the Future, that will support the Company's key long-term growth initiatives.
08:00 EDTMCDMcDonald's: Q3 results pressred by tax rate, unusual events, US underperformance
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07:59 EDTMCDMcDonald's reports Q3 EPS $1.09, consensus $1.37
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06:33 EDTMCDMcDonald's turning off some diners due to increased prices, Bloomberg says
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October 20, 2014
15:36 EDTMCDNotable companies reporting before tomorrow's open
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13:57 EDTMCDMcDonald's October weekly volatility elevated into Q3 and outlook
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13:46 EDTMCDEarnings Preview: McDonald's sees 15c-20c hit to EPS from China supplier issues
McDonald's (MCD) is scheduled to report third quarter earnings before the open on Tuesday, October 21, 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 $1.38 on revenue of $7.19B, according to First Call. The consensus range for EPS is $1.31-$1.51 on revenue of $7.03B-$7.35B. LAST QUARTER: McDonald's reported second quarter EPS of $1.40 against estimates of $1.44 and revenue of $7.18B against estimates of $7.29B. McDonald's also reported global comparable sales relatively flat, with U.S. SSS down 1.5%, Europe SSS down 1% and Asia/Pacific, Mideast, Africa SSS up 1.1%. On its earnings conference call, the company forecast a 4c-5c negative impact on EPS from currency in 2014. The company said it did not anticipate any material changes to the operating environment in the second half of 2014, but said near-term results would likely remain "muted." NEWS: During the quarter, the company said it expected to return $18B-$20B to shareholders between 2014-2016 and that $3.2B year-to-date August had been returned. McDonald's also raised its quarterly dividend 5% to 85c per share. McDonald's said China supplier issues would negatively impact the quarter by 15c-20c largely due to a combination of lost sales, expenses associated with its recovery efforts and the impact of these items on the Q3 tax rate, which is expected to be above the company's outlook for the full-year tax rate of 31%-33%. McDonald's recently announced that Russia temporarily suspended nine of its restaurants in the country. STREET RESEARCH: UBS said its recent survey indicates McDonald's does not have a brand image issue, but rather an execution problem, which will need to be fixed to increase traffic. The firm has a Buy rating and $110 price target on shares. Morgan Stanley downgraded McDonald's to Equal Weight from Overweight due to weakening fundamentals combined with U.S. market share loss, and international pressures. Wells Fargo said McDonald's 5% dividend increase was below the Street's 7%-9% outlook and portends badly for the company's operating cash flow, willingness to increase leverage ratios and its capital intensity plans heading into 2015. PRICE ACTION: McDonald's shares are trading down almost 8% over the last three months and are near flat today ahead of the Q3 earnings report.
12:52 EDTMCDMcDonald's technical comments before results
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October 19, 2014
18:11 EDTMCDRussia temporarily suspends nine McDonald's restaurants in the country
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October 16, 2014
06:21 EDTMCDMcDonald's rehires former U.S. executive, WSJ reports
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October 13, 2014
14:06 EDTMCDMcDonald's to answer questions about food, AP reports
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10:08 EDTWDAYOn The Fly: Analyst Upgrade Summary
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09:23 EDTWDAYHP could buy lower valuation company, says Bernstein
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09:03 EDTWDAYWorkday upgraded to Outperform from Market Perform at Northland
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08:27 EDTWDAYWorkday upgraded to Outperform from Market Perform at Northland
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06:50 EDTWDAYWorkday upgraded to Outperform from Market Perform at Northland
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