While much of the focus in business news on Tuesday is on Netflix (NFLX - Get Report) missing its subscriber guidance and President Trump planning to sign a "Made in America" pledge at a Snap-On (SNA - Get Report) facility, there is more going out there in the world.
Here are some interesting stories TheStreet stumbled upon.
Harley-Davidson beats earnings, but that isn't the entire story: Harley-Davidson (HOG - Get Report) handily beat Wall Street earnings estimates and reaffirmed its shipment outlook on Tuesday. But, as TheStreet reports, the legendary bike maker plans to unveil 100 new bikes by 2027. Huge goal, but not surprising based on our talk with Harley-Davidson CEO Matt Levatich back in February. Big innovation push (started with the release of the more powerful Milwaukee 8 engine below) at the company is well underway.
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The U.S. restaurant industry has collapsed: No good news here for sit-down restaurants such as Brinker International (EAT - Get Report) and DineEquity (DIN - Get Report) . Same-store sales for the restaurant industry fell 1.6% in the first quarter, marking the fifth consecutive quarter of negative results, according to industry research firm Black Box Intelligence. The last time the industry experienced a similar ugly period was in 2009 and the first half of 2019 as the economy was in the grips of the Great Recession.
Sorry Disney, it's all about Ferrari Land: With all due respect to Disney's (DIS - Get Report) Magic Kingdom, the new Ferrari Land that just opened in Spain looks way more fun. Ferrari Land is the second theme park built as a homage to the supercar brand, with the first one opening back in 2010 in Abu Dhabi, points out Motor Authority.
Relax, Ferrari (RACE - Get Report) shareholders, the company isn't footing the bill for these parks -- each is operated by an investment firm that licenses all the Ferrari graphics and logos. Yes, the park's main rollercoaster goes from 0 to 112 mph in a mere five seconds (see below)
The real thrill, nonetheless: shares of Ferrari have raced 60% higher over the past year.
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Aren't any other stocks driving the stock market: The 10 largest stocks in the S&P 500 have powered roughly 53% of the S&P 500's 4.7% increase this year, reports The Wall Street Journal. Tech stocks have led the charge, with Apple (AAPL - Get Report) up more than 22% this year, Facebook (FB - Get Report) up about 23% and Amazon (AMZN - Get Report) rocketing 20%. Combined, shares of these three tech giants represent one-third of the S&P 500's year to date advance, notes WSJ.
Go figure, Chipotle shares are rocking: Couldn't agree more with research firm Bespoke on being surprised Chipotle's (CMG - Get Report) stock is now at a 52-week high. A couple of things powering the move: (1) latest round of price increases spurring hope for a second quarter profit boost; (2) with Panera Bread (PNRA) being swallowed up by JAB Holdings, Chipotle could be next, given its clean food message, growth characteristics and how far the stock has plunged post E.coli crisis; and (3) the brand staged a traffic rebound in the first quarter amid aggressive marketing.
If you believe all of those things, I have a bridge to sell you in China. Zero confidence in the leadership capabilities of founder and CEO Steve Ells.
FedEx falls to new lows for the year: Here's something to fuel your growing suspicion the U.S. economy will falter in the second half of the year thanks to rising interest rates. Shares of transport company FedEx (FDX - Get Report) fell to new lows for the year last Thursday, TheStreet reports. This may not be a company-specific issue, either.
The Dow Jones Transportation Index has dropped nearly 1% this year, lagging the 4.4% gain the Dow Jones Industrial Average. Most of the selling has come since the transports hit a high for the year on March 1 (when questions on Trump's effectiveness this year began to appear).
Here's why Kentucky Fried Chicken is cooking up strong sales: Yum! Brands (YUM - Get Report) owned KFC has been the rare standout in the sluggish fast food space of late, but there is more behind the brand's surprisingly strong performance than endless catchy TV commercials of founder Colonel Sanders.
"The reality is that our operations have never been stronger, our taste scores and overall satisfaction scores are at the highest levels they have been in a long, long time," KFC U.S. president and Chief Concept Officer Kevin Hochman told TheStreet in an interview. Hochman explained KFC has spent 100,000 hours re-training store cooks and other employees in the "Colonel's values", such as how to better use the pressure fryer to make juicier chicken.
Says Hochman, "A lot of people think they can get the secret recipe and they can make KFC, but that is not true." Judging by these sales numbers, KFC is doing something very right.