Posts by Kathy Cherpelis

  • Chipotle delivery service doesn't come cheap

    Kathy Cherpelis at Yahoo Finance 21 hrs ago

    OMG!   CMG   [Chipotle Mexican Grill] now delivers right to your door and you can use your new Apple ( APPL ) Watch to do it.     

    The Mexican fast-casual chain very popular with Millennials is offering delivery service in the 67 U.S. cities where Postmates   [a San Francisco-based start-up company] operates. Chipotle made the announcement in its   earnings call earlier this week.

    For a list of the 67 cities where Chipotle delivery will be available through Postmates click here

    Yahoo Finance Columnist Rick Newman says it’s a great idea but the rub is the price for delivery.

    “If you can get free delivery of Chipotle It would be a no brainer, but $5 dollar and up based how far away from the outlet you are…this will test how much pricing power Chipotle really has,” according to Newman.

  • Amazon hits new high; Google, Microsoft and Starbucks zoom higher

    Kathy Cherpelis at Yahoo Finance 23 hrs ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    Amazon (AMZN) shares are hitting a new high in early trading. The e-commerce giant reporting revenue grew more than expected in the first quarter thanks to its cloud services and rising sales in North America. It was the first time Amazon broke out numbers for it cloud business, which saw a nearly 50% jump in revenue. However, the company's big spending habits did continue to drag down profits. 

    Google (GOOGL)  shares are higher in early trading.  Even though the search giant reported weaker-than-expected earnings and revenue in the first quarter, sales were up 12% from a year earlier thanks to a jump in online ad volume which helped offset the impact of the stronger dollar.  

    Get the Latest Market Data and News with the Yahoo Finance App

  • GM skids lower; Pepsi loses some fizz; Caterpillar climbs

    Kathy Cherpelis at Yahoo Finance 1 day ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    General Motors (GM) shares are lower this morning. The carmaker coming up short on both its top and bottom lines in the first quarter. GM feeling the effects of the strong dollar, a restructuring of its operations in Russia and an adjustment in its estimate of how much it will cost to compensate victims for faulty ignition switches. Those bad switches are blamed for crashes that caused at least 87 deaths. 

    Caterpillar (CAT) shares are soaring in early trading.The heavy machinery maker slightly raised its earnings per share outlook for the year after earnings and revenue came in well above estimates for the first quarter thanks to cost cutting and as it saw sales improve in North America.

    Get the Latest Market Data and News with the Yahoo Finance App

  • McDonald's jumps on turnaround hopes; Coke pops; Facebook near high

    Kathy Cherpelis at Yahoo Finance 3 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    McDonald's (MCD) shares are higher in early trading. CEO Steve Easterbrook saying the world's biggest fast-food chain is working on a turnaround plan and it will announce details May 4th. This after the company reports sales declined for the 6th consecutive quarter with drops in guest traffic across all regions including a 2.6% drop in the U.S.

    Chipotle (CMG) shares are falling before the bell.  The burrito chain reporting earnings per share that topped analysts' estimates and although revenue rose more than 20% percent from a year earlier, it was still shy of estimates.  This as the company saw the slowest same-store sales growth in five quarters. Chipotle  also said supply woes have led to a shortage of carnitas which will hurt sales this year.  

    Get the Latest Market Data and News with the Yahoo Finance App

  • Google's 'mobilegeddon': Who does it benefit?

    Kathy Cherpelis at Yahoo Finance 3 days ago

    Websites are bracing for Google's “mobilegeddon” to shake up search results today.

    Google (GOOGL) is changing its search algorithm to rank mobile friendly sites higher for those browsing on mobile devices. Sites that aren't optimized for cell phones could lose their coveted page rank on mobile search. So what does this mean exactly? People searching for their favorite sites on a smartphone might not find them on the top of the rankings on a Google search. 

    Yahoo Finance’s Aaron Task believes the search algorithm update could have a big impact on small businesses.

    “Well I think it could potentially be a very big change for a lot of small businesses that don't have websites that are optimized for mobile,” he notes. “I think the fact that Google telegraphed this back in February, they announced they were going to make this change to give companies time to adjust, tells you that they think it's going to be a very big deal.”

    Get the Latest Market Data and News with the Yahoo Finance App

     

  • Verizon profit beats; Under Armour fails to impress; Chipotle jumps

    Kathy Cherpelis at Yahoo Finance 4 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today. E

    Verizon (VZ) shares are slightly higher in early trading. The largest U.S. wireless provider reporting better-than-expected earnings in the first quarter. Revenue missed estimates but rose nearly 4% from a year earlier as it added more new monthly subscribers as and users added more devices to data plans.

    United Technologies (UTX) is higher after the maker of Otis elevators and Black Hawk helicopters reported earnings per share beat forecasts, thanks to strength in its aerospace business.  However, the stronger dollar took a toll on revenue, sales fell short of Wall Street views falling more than 1% from a year earlier.

    Get the Latest Market Data and News with the Yahoo Finance App

  • Morgan Stanley's 'strongest quarter in years'; Hasbro's boy power; Raytheon gets into cybersecurity

    Kathy Cherpelis at Yahoo Finance 4 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

    Morgan Stanley (MS) shares are jumping in early trading as the bank reports what it calls one of its strongest quarters in years.  Both Morgan Stanley's first quarter profit and revenue topped expectations, boosted by gains from trading of fixed-income securities, currencies and commodities. Separately, various reports say the company is in talks with the New York Attorney General to pay half a billion dollars in penalties for selling bad mortgage securities that crashed during the financial crisis

    Get the Latest Market Data and News with the Yahoo Finance App

    Hasbro (HAS) shares are soaring after the toymaker reporting earnings and revenue that topped forecasts for the first three months of 2015.  Sales jumped 5% from a year earlier thanks to strength in its boys and preschool brands, which offset weakness in sales of girls' toys  

  • GE revenue miss; Mattel shares rally; Schlumberger jobs cuts pile up

    Kathy Cherpelis at Yahoo Finance 8 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

    Earnings continue to dominate the scene on Wall Street.

    General Electric (GE) shares are on the move.  The company's adjusted earnings per share beat by a penny, but revenue fell short of estimates in the first quarter as the stronger dollar and weakness in its oil and gas businesses weighed on sales. This comes after GE unveiled it was selling most of its banking and real estate assets last week in a major restructuring.

    American Express (AXP) shares are lower in early trading. The world's largest credit card issuer posting earnings per share that beat forecasts as customers increased spending and borrowing. However, revenue missed Wall Street views, falling 3% from a year earlier as the stronger dollar hurt sales and it announced it was ending its partnership with Costco (COST). 

    Get the Latest Market Data and News with the Yahoo Finance App

     

  • Etsy hip on Wall Street today

    Kathy Cherpelis at Yahoo Finance 8 days ago

    Etsy (ETSY) is certainly hip on Wall Street this morning.  Shares of the Brooklyn based online craft marketplace more than doubling from its IPO price of $16 dollars a pop.  Not too shabby for a company that warned in its filing that it may not be profitable.

    Yahoo Finance Senior Columnist Michael Santoli is not surprised by Etsy’s disclosure.

    “This is not about results…it’s not about really a powerful profit franchise at all,” Santoli notes.  “I think it’ll be an interesting test, this kind of economics that are being valued so highly in the private market right now. None of these private companies that have these huge valuations are necessarily turning out big profits or any profits at all.”

    Etsy‘s net loss widened to $15.24 million in 2014 from $796,000 a year earlier.  However, sales jumped 56% to $195.6 million last year.

    Get the Latest Market Data and News with the Yahoo Finance App

    Etsy shares started trading on the Nasdaq today under the ticker “ETSY.” 

  • Netflix soars to new high; Etsy sketches Wall St debut; Citi profit jumps

    Kathy Cherpelis at Yahoo Finance 8 days ago

    Here's a look at some of the stocks the Yahoo Finance team will be tracking for you today. 

    Netflix (NFLX) soaring to a new high in early trading. The video-steaming service home to the "House of Cards" and "The Unbreakable Kimmy Schmidt," reporting stronger-than-expected subscriber growth in the first quarter thanks to its aggressive expansion overseas. The company adding nearly five million users in the first three months of the year sending the total number of global subscribers past 60 million for the first time.

    Citigroup (C) shares are higher in early trading. The banking giant reporting a first quarter profit of $1.52 a share, well above forecasts.  Revenue was basically in line with estimates.  Citi points to gains in loans and deposits in its core businesses along with controls on expenses for the 17% jump in earnings from last year.  The company also says it's pleased to have passed the Federal Reserve's stress test, allowing it to move forward with its capital plan.