Posts by Kathy Cherpelis
Kathy Cherpelis at Yahoo Finance 3 days ago
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Yum! Brands (YUM) are taking a big hit in early trading. The owner of KFC, Taco Bell and Pizza Hut slashed its outlook for the year following weaker-than-expected same-store sales from China ...its biggest market. Yum is still struggling to revive sales in China after a series of food safety issues. The fast-food giant's third quarter earnings and revenue also missed forecasts.
Constellation Brands (STZ), the maker of Corona beer and other drinks reported an earnings per share beat while revenue was roughly in line with estimates. Sales rose 8% from a year earlier driven largely by strength in its beer business.
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Kathy Cherpelis at Yahoo Finance 4 days ago
Here are some of the stocks the Yahoo Finance team will be tracking for you today
PepsiCo (PEP) reported a beat on both its top and bottom lines even though profit and sales fell from a year ago because of the economic turmoil in Venezuela. The company saw sales improve in North America and it raised its earnings growth target for the year.
The Container Store (TCS) posted earnings and revenue misses in its fiscal second quarter. The company blamed promotional spending and the stronger dollar for a 62% drop in profits.
Anheuser-Busch InBev (BUD) may be seeing its potential bid for rival SABMiller put on ice. Bloombergsays SABMiller has rejected an informal takeover bid from the maker of Budweiser stating the $100 billion offer was too low.
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Job growth cooled down a bit last month. The Labor Department reported the U.S. economy created 223,000 jobs in June, slightly below the 230,000 economists were expecting. Meantime, revisions for May and April showed 60,000 fewer jobs were created in those two months.
The overall unemployment rate edged lower to 5.3%, still holding on to that seven-year low and not too far from the 5.0%-5.2% range most Fed policymakers consider consistent with full employment.
Joe Brusuelas, chief economist at McGladrey, says some seasonal factors in the report likely understates the true pace of job growth in the economy.
"What you are seeing is just a bit of a payback for over the last several months... We've seen some really strong growth--even that decline in the unemployment rate. What happened was over the past two months, 500,000 people entered the workforce because wages actually are going up, we just saw a little break in June. You'll see that reaccelerate," he says. "I would fully expect that the United States labor force would be in full employment roughly around 5.2% by the end of the year."
U.S. employment has increased for 57 straight months as of June.
New Balance, known mostly for its running shoes, has been expanding its reach to other sports, such as soccer, baseball, tennis and even cricket.
"At New Balance, we know the meaning of always pushing forward because we are always working to innovate our products and initiatives that serve and inspire our global athletes,” says Hilary Keates, Director, Global Marketing and Brand Management. “This is the mindset we share with our athletes and that is reflected in our Always in Beta platform.”
McDonald’s (MCD) is bringing back one of its seafood specials.
The fast food giant is serving Lobster Rolls at some New England locations. This comes more than two decades after the fast food giant first introduced a Lobster Roll, which it stopped offering in 2005 due to disappointing sales.
Y ahoo Finance Senior Columnist Michael Santoli thinks that Mickey D’s is trying to tap into the regional summer crowd with this new menu item.
“I think if you go to New England, the lobster shack street food kind of status of lobster rolls is what you come away with. It's kind of an interesting regional offering. I do think versus the first time they offered this, the lobster roll has actually come into its own as a more pervasive food,” he points out. There are restaurants dedicated only to it, and you see food trucks dedicated to it. So once again, another one of these new product, new menu items around the edges, that's not going to really change the whole McDonald's story. Just mixing it up a little bit it might make some sense.”
The McLobster will cost you $7.99, but it's only 290 calories.
Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
Sony ( SNE ) shares are lower in early trading. The Japanese electronics giant announced plans to raise $3.6 billion in capital through stock and convertible bonds. Sony said the sale will help finance increased production in its image sensor business.
Apple ( AAPL ) shares are in focus this morning. The tech giant is launching its music service today, which will be available as part of an update for its iOS software. The update will allow users to register for its streaming music service, as well as access its new 24-hour Internet radio station.
The sharing economy startup market is getting even hotter.
Airbnb just completed one of the largest funding rounds ever according to various reports. The online home-rental service company reportedly raised $1.5 billion, giving them a $25.5 billion valuation.
Yahoo Finance’s Aaron Task thinks that the new round of funding makes the possibility of an IPO less likely for the company right now.
“Airbnb would be going public in a different era. If this was fifteen or twenty years ago, Airbnb would have already been public. Now you have all this private money out there,” he notes. “The bankers are getting involved and helping to put the Airbnbs of the world in touch with private equity funds and pension funds and mutual funds as well, who are investing in these private offerings, and so they can continue to be private for the foreseeable future. They don't need to go public now because they're able to raise a tremendous amount of money at a very healthy valuation.”
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Here’s a look at some at some of the stocks the Yahoo Finance team will be tracking for you today.
The Greek ETF -- Global X FTSE Greece 20 ETF (GREK) which tracks the performance of the 20 largest securities listed on the Athens Stock Exchange (SAGD.AT) is plunging in early trading after Greece failed to strike a deal with its creditors over the weekend. Athens has closed banks and the stock market, and imposed capital controls.
Macy's (M) shares are lower this morning. Deutsche Bank downgraded the department store chain to "sell" from "buy". The firm says it does not have confidence the retailer could break out of its same-store sales rut.
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Nike (NKE) is putting its best foot forward, shares are higher in early trading, hitting a fresh 52-week high after the sportswear giant's earnings and revenue sprinted past analysts' estimates in its fiscal fourth quarter. Sales rose nearly 5% percent from a year earlier as the company benefited from new product releases. Nike also said it expects future revenue growth from its exclusive NBA partnership and its 2015 FIFA Women's World Cup sponsorship.
Micron Technology (MU) shares are falling to a 52-week low this morning. The memory chip maker issued a weaker-than-expected outlook for is current quarter after it reported an earnings and revenue missed estimates in its latest quarter. The company said sluggish demand for PCs contributed to the 39% decline in profits.