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☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Burger King’s secret weapon against McDonald’s is the Whopper
▼ + stars: | 2023-04-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

The plan is still in early stages: Burger King has invested $40 million as of the end of last year. At US Burger King locations open at least 13 months, sales jumped 5% in the quarter, thanks in part to the burger. “I don’t know what his place might be in the future.”The fast food war heats upFor Burger King, the Whopper is more than just a burger. But even if the Whopper isn’t all that different from other fast food burgers, it’s the one Burger King has got. For Burger King, “the challenge is you’re competing against McDonald’s, and McDonald’s is really good,” said Senatore.

☆ Final Trades: MRK, MCD, XOM & GOOGL
▼ + stars: | 2023-04-21 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: MRK, MCD, XOM & GOOGLThe final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

☆ Here are Friday's biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & more
▼ + stars: | 2023-04-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Alphabet as buy Bank of America says it's bullish heading into Alphabet earnings next week. JPMorgan reiterates Amazon as a best idea JPMorgan says it's bullish heading into the e-commerce giant's earnings report next week. "We continue to see streaming music & audio as an attractive growth market and remain OW WMG and SPOT." Stephens initiates SentinelOne as overweight Stephens initiated the cyber security company with an overweight and says it has "best-in-class growth." JPMorgan reiterates Charles Schwab as overweight JPMorgan says Charles Schwab could be worth more if it were to "de-bank."

☆ Carlyle eyes fresh backers for McDonald's China arm - Bloomberg News
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Carlyle Group Inc (CG.O) is considering bringing in fresh backers for its investment in McDonald's Corp's (MCD.N) China operations, seeking a valuation of $8-$10 billion for the business, Bloomberg News reported on Friday. Carlyle, which controls McDonald's China along with Trustar Capital, could sell down part of their stakes in the fast-food giant in the deal while still retaining control, the report added, citing people familiar with the matter. In 2017, the U.S fast-food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion. Trustar Capital is a private equity affiliate of CITIC Capital Holdings. Carlyle, McDonald's and Trustar did not immediately respond to a Reuters request for comment.

☆ Final Calls: AMZN & MCD
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Calls: AMZN & MCDThe final trades this week. With CNBC's Melissa Lee and the Options Action traders.

NEW YORK, April 18 (Reuters) - Burger King is banking on its viral "Whopper Whopper" jingle to lift sales as part of the flagging fast-food chain's turnaround plan, as broader economic uncertainty pushed two big franchisees into bankruptcy. "I'm optimistic about the trajectory of sales in 2023," said U.S. and Canada Burger King president Tom Curtis in an interview, adding that the jingle's fervent success was "unanticipated." Unlike other fast-food chains like Subway that are consolidating restaurant ownership among fewer franchisees, Burger King is expanding the number of owners in its system. This year, two large U.S. Burger King franchisees that run more than 200 locations across at least 10 states have filed for bankruptcy, citing poor sales atop surging costs for labor and goods. "We don't want to diminish the importance of this crisis, but we also will leverage it to bring in new operators," Curtis said.

☆ McDonald’s is upgrading its burgers
▼ + stars: | 2023-04-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s, which has been focusing on upgrading its core items to boost sales, is rolling out a series of changes designed to improve its signature burgers. The Big Mac will come with more Big Mac sauce. “In an environment where our customers are looking for the simple and familiar, our core menu items have never been more relevant,” he said. McDonald's USAFocusing on promoting its core menu items, rather than introducing new products, is a way to keep processes simpler and reduce friction in the kitchen. “Throughout 2022, some of our most successful campaign platforms brought our customers closer to the core menu items,” Kempczinski said during the January call.

☆ The most overbought S&P 500 stocks include one fast food giant
▼ + stars: | 2023-04-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 rose about 0.8% this week, notching its fourth weekly advance in five weeks. However, the S & P 500's steady run of late made several stocks overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Too oversold CNBC Pro also searched for oversold S & P 500 stocks that could be due for a bounce. Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Wynn, Costco, Netflix, First Solar & more
▼ + stars: | 2023-04-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Netflix as sell Goldman said it's standing by its sell rating heading into earnings next week. Deutsche Bank adds a catalyst call buy on Enphase Energy Deutsche said it's bullish on the solar company's opportunities in Europe. Citi upgrades Merck to buy from neutral Citi said in its upgrade of the pharmaceutical company that it has an underappreciated pipeline of products. Deutsche Bank names a catalyst buy on Sherwin-Williams Deutsche said the paint company's earnings scheduled for later this month should "alleviate" investor concerns. Citi upgrades Steven Madden to buy from neutral Citi said in its upgrade of the shoe company that it sees "better wholesale trends" for Steven Madden.

☆ Here are Monday's biggest analyst calls: Tesla, Walmart, First Republic, Nikola, McDonald's & more
▼ + stars: | 2023-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

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 .

☆ McDonald's cuts pay packages for some employees - WSJ
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

April 7 (Reuters) - McDonald's Corp (MCD.N) is cutting pay packages for some employees as part of a restructuring that includes layoffs and the shutting down of some offices, the Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters on Monday reported that the number of corporate employees the company was planning to lay off this week will tally in the "hundreds." The fast-food chain has offered some employees a chance to remain at the company with reductions in their compensation packages, including changes to titles and benefits such as bonuses and equity grants, the WSJ report said. Job cuts and changes at McDonald's are affecting employees in the United States and abroad, at the company's Chicago headquarters and in its field offices, and across departments including marketing and operations, the report added. Reporting by Raghav Mahobe in Bengaluru; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Report: McDonald's tells corporate employees to work from home for layoffs
▼ + stars: | 2023-04-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to a report from the Wall Street Journal. McDonald’s has 150,000 employees in its company-owned locations and offices globally, with 70% of those positions outside of the United States, according to the Journal. McDonald's CEO said in January that job cuts were coming. Zbigniew Bzdak/Chicago Tribune/Tribune News Service/Getty ImagesIn January, McDonald’s CEO Chris Kempczinski said in a memo to staff that job cuts are coming. Meta (META), owner of Facebook, Instagram and WhatsApp, said in March that it would make a second round of job cuts.

☆ Morning Bid: Crude cut complicates Q2
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

Brent crude surged on Monday in response, settling about 5% higher than Friday's close. The mild reaction in the rates and bond markets to the OPEC move reflects some of that. Asia and Europe's main stock indices were steady to higher, with S&P500 futures only marginally in the red ahead of Monday's open. The VIX (.VIX) volatility index was a touch higher, though still below 20, and the dollar (.DXY) was up smartly. The Caixin/S&P Global manufacturing purchasing managers' index teetered back on the 50 dividing line between expansion and contraction again in March.

NEW YORK, April 3 (Reuters) - The number of corporate employees McDonald's Corp(MCD.N) plans to lay off this week will tally in the "hundreds," a source familiar with the burger chain's thinking said on Monday, as the company moves forward with a previously announced restructuring. McDonald's will have more employees going into new roles this week or receiving promotions then being laid off, the source added. The chain known for its Golden Arches has more than 150,000 employees globally, with about 70% based outside of the United States, including in company-owned restaurants. The layoffs do not include the more than 2 million worker in franchised McDonald's restaurants around the world. As part of updating its strategy, McDonald's also plans to build new restaurants.

☆ McDonald's temporarily shuts US offices, prepares layoff notices, Wall Street Journal reports
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File PhotoApril 2 (Reuters) - Burger chain McDonald's Corp (MCD.N) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday. "During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization," the Chicago-based company said in the message viewed by the Journal. McDonald's also asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters, the report added. McDonald's is expected to begin announcing key decisions by Monday.

☆ UBS says it's 'time for quality' with recession near. 10 stocks to buy
▼ + stars: | 2023-03-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Investors should turn their attention toward quality stocks as market volatility persists and a recession becomes more likely, UBS said in a note this week. Because of this, UBS thinks stocks are likely to remain volatile, and investors should turn to quality names to ride out the storm. UBS highlighted four stock baskets that investors should turn their attention to, including one titled "Time for quality." Bank of America is another "time for quality" stock on the UBS list, which highlights earnings per share growth and profitability. Other stocks that made UBS' list include Merck , American Express, Oracle and Lockheed Martin.

☆ Wendy’s is selling a former McDonald’s fan-favorite item
▼ + stars: | 2023-03-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Fans who are missing McDonald’s “Snack Wraps” can soon get their fix at a rival. Beginning Tuesday, in a move that could attract customers clamoring for the return of the fan-favorite food, Wendy’s is adding a new grilled chicken ranch wrap to its menu. Wendy’s wrap is slightly different from McDonald’s version, because the chain “didn’t want to mess around with a McBland snack wrap dupe,” said Carl Loredo, Wendy’s global chief marketing officer. He told CNN that grilled chicken is used in place of crispy chicken that was in McDonald’s wrap, because he said Wendy’s fans are looking for “lighter and more portable menu items.”Wendy's is selling a McDonald's Snack Wrap of their own. So, selling a beloved menu item could prove to be an advantage for Wendy’s against its much larger competitor.

☆ We have a buyer's mentality heading into Friday's highly anticipated jobs report
▼ + stars: | 2023-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stocks accelerated to the downside late in the session as worries resurfaced about how Friday's employment report might influence Fed policy. Depend on the data Powell's testimony Tuesday before a Senate panel and Wednesday before a House panel was lengthy and covered a broad range of issues, including rates, inflation, the debt ceiling and cryptocurrency regulation. That includes the government's February nonfarm payrolls report on Friday and the latest readings on consumer inflation and wholesale inflation next week. Economists estimate that 207,500 nonfarm jobs were created in February — less than half of January's much stronger-than-expected 517,000 additions . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Domino's Pizza misses sales estimates as demand wavers amid driver shortage
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

Feb 23 (Reuters) - Domino's Pizza Inc (DPZ.N) missed quarterly sales estimates on Thursday, in a sign that price hikes were eating into demand for its pizzas and chicken wings amidst decades-high inflation, sending its shares down nearly 10% in premarket trade. The Michigan-based company has also been facing acute staffing shortages, especially of delivery drivers at its U.S. stores, which has lengthened delivery times and further dented sales. Still, hiking menu prices by about 7%, as estimated by the company in October, helped Domino's adjusted earnings of $3.97 per share top estimates of $3.94 per share. BTIG analyst Peter Saleh has estimated Domino's currently has the highest level of menu pricing in more than a decade. Reporting by Mehr Bedi and Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Russia’s economy is hurting despite Putin’s bluster
▼ + stars: | 2023-02-22 | by ( Julia Horowitz | ) edition.cnn.com time to read: +9 min

Russia’s economy did weaken as a result. “The Russian economy and system of government have turned out to be much stronger than the West believed,” Putin said in a speech to Russia’s parliament Tuesday. The bloc, which dramatically reduced its dependence on Russian natural gas last year, officially banned most imports of Russian crude oil by sea in December. Russia’s oil problemIn fact, Russia’s export revenue from oil rose last year. On the declineThe International Monetary Fund still expects Russia’s economy to expand by 0.3% this year and 2.1% the next.

☆ Buy these 12 stocks to profit from higher-than-expected price growth, according to an inflation fund manager who beat 96% of his competitors last year
▼ + stars: | 2023-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Top fund manager Simon Lack shared 12 top stocks to buy while inflation remains hot. The news confirmed what Simon Lack, a 37-year market veteran who runs a leading inflation fund, has long suspected: that price growth will remain an issue for investors throughout 2023 — and possibly beyond. If high inflation is the new normal, the Fed will struggle to achieve its goal of stabilizing prices, Lack said — at least not without causing a recession. His Rational Inflation Growth Fund (IGOAX) finished in the top 4% of its category in 2022 after beating its index by 14 percentage points, according to Morningstar. By contrast, his fund goes on offense by owning stocks in sectors that benefit from high prices.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Amazon, SoFi, Target, Goldman Sachs & more
▼ + stars: | 2023-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Evercore ISI downgrades Marriott to in line from outperform Evercore downgraded the hotel giant mainly on valuation. UBS reiterates Apple as buy UBS said that a foldable iPhone remains possible for Apple after the tech giant filed a recent patent. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's standing by its bullish thesis on shares of the e-commerce giant. Wells Fargo reiterates Goldman Sachs as overweight Wells said it's standing by its overweight rating on the stock but that it's cautious heading into the company's investor day later this month. " Evercore ISI reiterates Salesforce as outperform Evercore raised its price target on the stock to $200 per share from $175 and said it's sticking with its outperform rating.

☆ Coffee trumps economic crisis as Tim Hortons opens in Pakistan
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

LAHORE, Pakistan Feb 14 (Reuters) - Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just as its economic crisis took a turn for the worse. Tim Hortons is owned by Restaurant Brands International Inc (RBI) (QSR.TO), , a Toronto-based company that also owns other fast food brands including Burger King and Popeyes. McDonald's (MCD.N), Retail Food Group (RFG.AX)-owned Gloria Jean's Coffee and Yum Brands Inc (YUM.N)-owned Pizza Hut are among the international brands with outlets in Pakistan. Tim Hortons is set to open another two outlets in Lahore, RBI said in a statement. For students such as Pareeshay Khan, the brand's social media traction trumps the cost of the coffee.

☆ Coca-Cola partners with Rosalia on new drink
▼ + stars: | 2023-02-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer Rosalía. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Coca-Cola partners with Rosalía on a new drink, "Coca-Cola Move". The Coca-Cola CompanyFor Coca-Cola, the limited-edition items are a way to build buzz around its core product, Coke. In June, it co-created a Coke drink with Marshmello, a masked celebrity DJ and electronic music producer.

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