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This prompted us to investigate the group further, which revealed that various stocks are sporting constructive technical formations. Restaurant stocks charts showing strength McDonalds (MCD) has had a wild ride over the last 10 months and now sits at the same price level that it was trading at last April — eleven months ago. MCD isn't the only restaurant stock that's sporting an attractive technical pattern. On the weekly chart, Restaurant Brands International (QSR) looks very similar to MCD, having formed its own inverse-head-and-shoulders formation over the last year. While this is no indication of what could happen now to MCD, YUM and QSR, it shows how breaking through multi-year resistance can attract momentum.
Persons: that's, , Frank Cappelleri Organizations: Brands, Texas
Read previewThe year of the chicken nugget (2017) and the chicken sandwich wars (2019) might have paved the way for fried chicken's latest role: star of a Netflix show. Next month, the streaming giant is releasing a bizarrely fun-looking comedy based on a Korean web cartoon called, fittingly, "Chicken Nugget." 🐣 Premiering March 15 pic.twitter.com/syGYVrzZS7 — Netflix (@netflix) February 15, 2024The premise of "Chicken Nugget" is silly, of course — but the show underscores the bird's soaring global popularity. And in the early 1960s, a renowned Cornell University professor engineered one of the Ivy League's greatest contributions to humanity: the frozen chicken nugget. It's unclear if the young woman in the forthcoming Netflix series turns into a particular flavor of chicken nugget.
Persons: , ike, ince, ounger,, oung Organizations: Service, Netflix, Business, ust, EO Locations: oman
Ares CapitalThis week we will first look at a high-dividend yield stock Ares Capital (ARCC). ARCC offers a dividend yield of 9.8%. Citi's dividend yield stands at 5%. The company pays a dividend yield of 2.5%. On Oct. 26, Tigress Financial Partners analyst Ivan Feinseth reiterated a buy rating on AT&T stock with a price target of $28.
Persons: Justin Sullivan, Wall, Kenneth Lee, Lee, TipRanks, James Fotheringham, Fotheringham, Peter Saleh, Saleh, Ivan Feinseth, Feinseth Organizations: Citibank, ARCC, RBC Capital, Ares, Citigroup, Citi, BMO Capital, Tigress Financial, Edge, T Locations: California
Good Luck, an Ikea copycat, joins the ranks of rebranded dupes of many western chains in Russia. And now, a store called Good Luck has opened in Moscow as an Ikea copycat. "The departure of Ikea is not a reason to abandon the usual interior design," Good Luck writes on its website. There are no suppliers for bathroom and kitchen items yet, employees at the store told the Moscow Times. Vlad Karkov/SOPA Images/LightRocket via Getty ImagesConvincing Ikea dupe or not, Good Luck already has ambitious plans for expansion, it says.
Persons: Vladimir Putin's, McD's, Alexander Zemlianichenko Jr, , it's, Good Luck, couldn't, McDonald's, ALEXANDER NEMENOV, Luck, Vlad Karkov Organizations: Ikea, Moscow Times, Service, McDonalds, Kentucky Fried, McDonald's, KFC, Starbucks, Getty, Swed, IKEA Locations: Russia, Wall, Silicon, Kentucky, Moscow, McDonalds, Zara, Ukraine, Swedish, Russian, Belarusian, AFP, Soviet
Investors may get one share in the spun-out entity for every share of the parent company they owned. What's left of J & J will be focused on pharmaceuticals and medical technologies, which were responsible for over 84% of the company's total 2022 revenue of $94.94 billion. It underscores that once free of the parent company tethers a divested company can chart its own destiny. Those priorities may not have necessarily been wrong when considering J & J as the overall enterprise. We believe J & J and Danaher are poised to deliver two more examples.
Here are Monday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said more price cuts are coming for Tesla. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey shows Walmart+ membership is at a record. UBS reiterates McDonald's as buy UBS said the fast food giant is extremely well positioned. UBS upgrades Regions Financial to buy from neutral UBS said in its upgrade of the regional bank that it likes the company's balance sheet. Northcoast upgrades McDonald's to buy from neutral Northcoast said it sees improved profitability for McDonald's .
Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.
Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.
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