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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:06 EDTMCD, YUM, CMG, JACK, DPZYum! Brands rises after reaffirming profit growth outlook
Shares of Yum! Brands (YUM), which owns the KFC, Taco Bell and Pizza Hut restaurant concepts, are rising after the company reported mixed fourth quarter results, but reaffirmed its fiscal 2014 profit growth view of at least 20%. WHAT'S NEW: Last night, Yum! Brands reported fourth quarter adjusted earnings per share of 86c and revenue of $4.18B, compared to expectations of 80c and $4.26B, respectively. The company reported same store sales in its China division fell 4%, while U.S. SSS fell 2%. Despite the mixed results, the company's CEO David Novak said, "We are confident we have the people and resources to deliver at least 20% EPS growth in 2014 and re-establish our track record of double-digit EPS growth. ANALYST REACTION: In a note to investors this morning, research firm Stifel said Yum! Brands should be bought into strength. Stifel thought that fears about the company's China business were overblown. The firm kept a $95 price target and Buy rating on the stock. Another firm, Oppenheimer, said the company's 2014 EPS could beat expectations due to margin expansion. The firm kept an $80 price target and Outperform rating on the stock. PRICE ACTION: In early afternoon trading, Yum! Brands soared $5.47, or 8.3%, to $71.63 on more than twice its average daily trading volume. The stock is up over 11% in the past twelve months. OTHERS TO WATCH: Yum Brands' competitors include McDonald's (MCD), Chipotle Mexican Grill (CMG), Domino's Pizza (DPZ), Jack in the Box (JACK).
News For YUM;DPZ;CMG;MCD;JACK From The Last 14 Days
Check below for free stories on YUM;DPZ;CMG;MCD;JACK the last two weeks.
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April 15, 2014
08:01 EDTCMGChipotle Mexican Grill volatility increases into Q1 and outlook
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April 14, 2014
07:23 EDTYUMJapan sees first bird flu outbreak since 2011, Mainichi reports
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April 10, 2014
11:14 EDTDPZDomino's Pizza signs 15-year master license agreement for South Africa
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08:46 EDTCMGChipotle well positioned to sustain operating momentum, says RW Baird
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April 8, 2014
07:54 EDTYUMYum! Brands testing new Super Chix concept, AdAge reports
Yum Brands will start testing Super Chix, a new concept restaurant, AdAge reports. This week, Super Chix will launch in Arlington, Texas, with a limited menu including chicken sandwiches, chicken tenders, fries, salads and custards. A spokesperson for Yum says the concept "may in the future be considered for international purposes." Reference Link
April 7, 2014
10:13 EDTCMGChipotle Mexican Grill volatility elevated into Q1 and outlook
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April 4, 2014
06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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06:44 EDTJACKMost senators resisting compromise on minimum wage increase, Politico reports
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April 3, 2014
06:34 EDTMCD, JACKStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
April 2, 2014
07:26 EDTYUMYum! Brands price target raised to $89 from $80 at Oppenheimer
Oppenheimer increased its price target on Yum! as the firm thinks the company's multiple could expand, while its earnings could surpass expectations going forward. The firm adds that Taco Bell's breakfast initiative has not been built into estimates and is thus "a free option" for investors. Oppenheimer recommends owning the stock now and keeps an Outperform rating on the shares.
07:10 EDTMCDEx-McDonald's store managers admit to withholding wages, Bloomberg says
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06:54 EDTCMGChipotle Mexican Grill volatility elevated at 52 into Q1 and outlook
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