RBC Capital Updates Estimates on McDonald's (MCD) Following 2Q; Reiterates Outperform

UBS Reiterates Buy on McDonald's (MCD) Following 2Q

July 27, 2016 9:37 AM EDT

UBS reiterated a Buy rating and $138.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Disappointing U.S. sss highlight the challenge of maintaining momentum against industry headwinds. However, MCD continues to outperform peers and a positive 130 bps sss... More

McDonald's (MCD) PT Bumped to $132 at Credit Suisse Despite U.S. Comp Miss

July 27, 2016 8:55 AM EDT

Credit Suisse analyst J. West reiterated an Outperform rating and bumped his price target on McDonald's (NYSE: MCD) to $132.00 (from $130.00) following Q2, which included a miss on U.S. comps.

West commented, "MCD's miss on US SSS (+1.8% vs. CS/cons. +2.3%/+3.2%) drove a... More

Jefferies Reiterates Hold on McDonald's (MCD) Following 2Q

July 27, 2016 8:47 AM EDT

Jefferies reiterated a Hold rating and $115.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Global SSS of +3.1% decelerated, driven mainly by slower US SSS of +1.8% and negative traffic. Commodity deflation of 4.5% drove lower than expected COGs, which offset... More

U.S. consumer confidence steady; new home sales near eight-and-a-half-year high

July 26, 2016 10:04 AM EDT

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/2 years in June, suggesting sustained momentum in the economy that could allow the Federal Reserve to raise interest rates this year.

Other data on Tuesday showed moderate gains in house prices in May, which should support consumer spending and keep home purchasing affordable, especially for first-time buyers who have started venturing into the housing market.

The reports joined a slew of data, ranging from retail sales to manufacturing and services... More

Pre-Open Stock Movers 07/26: (EXAS) (CRY) (NFLX) Higher; (TKAI) (CRME) (MSTX) (NDLS) (MBLY) Lower (more...)

July 26, 2016 9:32 AM EDT

Today's Pre-Open Stock Movers

Tokai Pharmaceuticals Inc. (Nasdaq: TKAI) 69% LOWER; announced that it plans to discontinue the ARMOR3-SV clinical trial, the companys pivotal Phase 3 study comparing galeterone to enzalutamide in treatment-naïve metastatic castration-resistant prostate cancer (mCRPC) patients whose prostate tumors express AR-V7, following the recommendation made yesterday by the trials independent Data Monitoring... More

McDonald's, U.S. restaurants losing food fight with grocers

July 26, 2016 8:12 AM EDT

By Lisa Baertlein

(Reuters) - McDonald's Corp (NYSE: MCD) said the U.S. restaurant industry will raise prices far more than supermarkets this year, sending a chill through a sector that is searching for ways to protect itself from higher worker wages.

The forecast and weak quarterly sales at domestic McDonald's restaurants sent shares in the world's biggest restaurant company down 4.5 percent to $121.71 and pulled down most of the restaurant sector. The Dow Jones U.S. Restaurants & Bars Index was off 2.2 percent. The world's biggest fast-food chain gets roughly... More

McDonald's (MCD) Tops Q2 EPS by 6c; Comps Growth Shy of Views

July 26, 2016 7:59 AM EDT

McDonald's (NYSE: MCD) reported Q2 EPS of $1.45, $0.06 better than the analyst estimate of $1.39. Revenue for the quarter came in at $6.27 billion versus the consensus estimate of $6.27 billion.

Comps rose 3.1 percent, versus a 3.6 percent gain expectedUS comps rose 1.8 percent, versus an expected... More

Wall St. mixed, Apple impresses and Twitter disappoints

July 26, 2016 7:23 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.

Choppy stock trading followed a recent rally to consecutive record highs on the S&P 500 that has stretched price-to-earnings multiples to levels that some investors say presumes that companies will beat second-quarter estimates.

Five of the 10 major S&P sectors rose, while a 1.49 percent drop in the telecom services index weighed heavily. Verizon Communications (NYSE: VZ) fell 1.9 percent after subscriber... More

McDonald's seeks franchise partners for Singapore, Malaysia stores

July 26, 2016 4:07 AM EDT

HONG KONG/SINGAPORE (Reuters) - McDonald's Corp (NYSE: MCD) said it is seeking franchise partners for its restaurants in Malaysia and Singapore as part of its move to away from direct ownership and operation in Asia.

"McDonald's has taken the decision to adopt a development licensee model for the Malaysia and Singapore... More

Wall St. expects big helping of earnings from restaurants

July 25, 2016 6:32 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Wall Street is expecting a solid helping of earnings from McDonald's (NYSE: MCD) and other restaurant operators that are preparing to serve up quarterly results over the next few days.

Restaurants have been major winners as consumers spend more of their disposable income on going out and less on clothes and other retail products, a trend that could become more apparent following recent improvements in U.S. employment and wages.

They have also benefited from low commodity costs that make it less expensive... More

McDonald's (NYSE: MCD) calls active as shares near record high into Q2 and outlook

July 25, 2016 3:17 PM EDT

McDonald's (NYSE: MCD) July weekly 128 calls and July weekly 125 puts are active on total call volume of 66K contracts to (14K puts) into the expected release of Q2 results on July 26. July weekly call option implied volatility is at 29, August is at 16; compared to its 52-week range of 14 to 33.

... More

Trading Radar for 7/26: Apple (AAPL), McDonald's (MCD), 3M (MMM), Caterpillar (CAT), Verizon (VZ), [Conference Call] Under Armour (UA) Report

July 25, 2016 2:40 PM EDT

AThe Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
9:00am EDT

Case-Shiller 20-city Index - Street sees 5.4%

Earnings:

3M Co. (NYSE: MMM) - consensus EPS $2.07
A.O. Smith (NYSE: AOS) - consensus EPS $0.91
AK Steel (NYSE: AKS) - consensus loss $0.04
Accuride (NYSE: ACW) - consensus EPS $0.04
Allegheny Technologies (NYSE: ATI) - consensus loss... More