Monthly Sales Crush Estimates
McDonalds reported that November comparable-restaurant sales rose by 2.4 percent, much better than the 0.2 percent gain expected by analysts. MCD is up more than 2 percent before the bell on my tradeMONSTER platform.
Ingersoll-Rand Announces Spinoff, Buyback
Ingersoll-Rand announced it would spin off its security division. Management also plans to buy back $2 billion of stock and raised the quarterly dividend by 31 percent. IR, which saw bullish call buying on Friday, rose by more than 3 percent in the premarket.
Celldex Higher on Phase II Data
Celldex Therapeutics reported that its CDX-011 compound showed progress treating some forms of breast cancer in a Phase 2 study. CLDX rallies 11 percent in early trading.
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