Food
McDonald'sMCD is fending off the barbarians at its golden arches with the success of its breakfast menu and its new Snack Wrap. The fast-food giant said Thursday that its same-store sales, or sales at stores open at least a year, rose at a 7.7% clip in September. On the basis of the results, the company forecast third-quarter earnings above Wall Street's expectations. The burger empire estimated preliminary third-quarter earnings of 68 cents a share, including one penny a share for impairment and other charges. Analysts, on average, were expecting earnings of 63 cents a share, according to Thomson First Call. McDonald's said its systemwide sales for its namesake restaurants worldwide increased 9.8% in September, or 8.7% in constant currencies. For the quarter, systemwide sales rose 8.4%, or 6.9% in constant currencies. The performance may pose an obstacle for the plans of shareholder activist Bill Ackman, a hedge fund manager with Pershing Square Capital who is reportedly buying up shares of McDonald's and planning to wage a proxy fight against the company's management. In the U.S., McDonald's same-store sales, or comps, rose 7.1% for September and 4.1% for the quarter. In Europe, its comps gained 9% for the month and 7.6% for the quarter, thanks to particularly strong sales in the U.K., Germany and France. In Asia, the Middle East and Africa, comps were up 6.6% for September and 6.1% for the quarter, primarily driven by Japan's performance.
The KFC and Pizza Hut owner raises guidance for the year.
Today's active names in the options market include McDonald's and Micron.
People are turning to its options to help avoid some indigestion.
The Dow Jones Industrial Average moved nearer to setting a record high Wednesday, but the index ended about 30 points shy of its best-ever close.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:

ACCESS REALMONEY

