Four hot stocks The Yahoo Finance team will be watching for you today. Influential proxy-advisory firm Institutional Shareholder Services is telling Apple (AAPL) shareholders not to agree to Carl Icahn's $50 billion share buyback proposal at its annual meeting later this month. ISS said the proposal would micromanage the company's capital allocation process.
Hasbro (HAS) reported a poor holiday season. The toy maker missed earnings estimates by $0.10 a share. Revenue remained relatively flat and missed estimates. Hasbro saw sales for its boys' products such as G.I. Joe and Transformers fall 16%, which offset its 19% sales growth in its girls’ products like Furby and My Little Pony. The company also saw sales in the U.S. and Canada fall 11% while international sales rose 9%.
McDonald's (MCD) today reported that global comparable sales grew 1.2% in January. Sales in the U.S. fell, but sales in Europe, Asia/Pacific, the Middle East and Africa were up. McDonald's also announced that it will be opening its first restaurant in Vietnam which will also mark the first drive-thru restaurant ever in Vietnam.
And finally Toyota (TM) will be another stock to watch today. The Japanese automaker announced that it will end production in Australia by the end of 2017. The announcement from Toyota followed the recently announced plans by Ford and GM to exit Australia as well. The company blamed high production costs and tough competition for the widely anticipated move. The exodus by the three companies is a big blow to Australia's economy and could leave about 6,600 manufacturing workers unemployed.
- Consumer Discretionary
- Carl Icahn