NOTE: Trending Tickers is an index compiled exclusively by Yahoo Finance every day. It’s a list of companies whose stocks are seeing the biggest bump in interest as measured by your Yahoo Finance Ticker searches.
Making the list today are:
- Joseph A Bank (JOSB) and Men's Wearhouse (MW) are both trending today after word of the $1.8 billion deal for the latter to buy the former.
- Freeport McMoRan (FCX) is buzzing as copper prices are getting hammered
- Starbucks (SBUX) is getting some market interest after it was announced they would begin experimenting with mobile ordering
- And our trending ticker today, McDonald’s (MCD).
The fast food giant is down marginally in trading today but quietly crept up to three month highs yesterday.
It seems nothing can kill this company. Lower sales and the ongoing debate over minimum wage should be just the type of headwind that drives the share price lower, but here we have it flirting with $100.
Speaking at an investment conference yesterday McDonald’s CFO Pete Benson said the company is looking to cut expenses and return more money to shareholders. As Benson put it the company could “probably get more aggressive” with its borrowing and still maintain it’s sterling credit rating. Such a move could enable McDonald's to up its target of returning more than $5 billion to shareholders through buybacks and dividends.
Though plagued by shrinking growth at existing stores and criticism over employee wages McDonald's shares have a dividend yield of over 3.5% and the company is in no danger of disappearing any time soon. Watch that $100 mark as important resistance. It may take more than buybacks and balance sheet maneuvering to keep the company rolling.
That’s your trending ticker for today. We’ll see you back here tomorrow.
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- Consumer Discretionary
- Investment & Company Information
- Joseph A Bank