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Here's why we sold off Apple and McDonald's
Thursday, April 12, 2012 - 9:29pm | 1192Author: Bob Freedland Covestor model: Buy and Hold Value The month of March was reasonably kind to me as I managed to once again keep my performance in this Buy and Hold Model close to the S&P 500's performance. Wasn't quite as good as February but considering everything I was...
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Goldman upgrades Starbucks
Wednesday, April 4, 2012 - 6:33pm | 83The coffee shop chain was upgraded from neutral to conviction buy with a price target of 66, up from 49. Goldman says Starbucks (SBUX) could double EPS to $3.50-$3.60 by 2015 vs. analysts' views for $3.22, due to expansion in emerging markets, its single-serve coffee maker and falling coffee bean...
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S&P Likes 2 Discretionary ETFs (XLY, RTH)
Wednesday, April 4, 2012 - 6:24pm | 574It might be hard to remember after the savage sell-off experienced by equities and other riskier assets, but consumer has been, for the most part, positive in 2012 as the U.S. consumer has show considerable resilience in the face of macroeconomic headwinds. From Brussels to Beijing, ex-U.S....
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Starbucks Gets Jolt, McDonald's Off Goldman's List
Wednesday, April 4, 2012 - 12:46pm | 83Starbucks (SBUX) got a jolt from Goldman Sachs while McDonald's (MCD) fell off the investment bank's conviction buy list. The coffee shop operator was upgraded from neutral to conviction buy with a new price target of $66, up from previous estimates of $49. The bank believes Starbucks could double...
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Burger King Plans to Offer Stock, not Just More Food Choices
Wednesday, April 4, 2012 - 10:10am | 411Soon lovers of Burger King will be able to buy more than a whopper, they'll be able to buy stock. Burger King Worldwide Holdings was acquired by New York-based 3G Capital in September 2010 for $3.3 billion, the largest restaurant acquisition deal in more than a decade, and was taken off the public...
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UPDATE: Goldman Sachs Lowers McDonald's PT
Wednesday, April 4, 2012 - 8:15am | 125According to a research report published earlier today, Goldman Sachs has lowered McDonald's (NYSE: MCD) PT from $114 to $110. In the report, Goldman Sachs commented, “We remove shares of MCD from the Americas Conviction List as we see more attractive opportunities elsewhere. Furthermore, there is...
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Financial Breakfast: Morning News Summary for April 4, 2012
Wednesday, April 4, 2012 - 7:24am | 972Wednesday, April 4, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Futures Tumble as Demand Falls for Spanish Bonds 07:45 a.m. ET - ECB Interest Rate Decision 08:15 - ADP Nonfarm Employment...
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Burger King Looks To McDonald's Menu To Drive Sales
Monday, April 2, 2012 - 4:46pm | 78Burger King is taking cues from arched rival McDonald's (MCD) as it tries to lure in moms, families and boomers with new smoothies, frappes and specialty salads. The fast food giant, which has relied almost exclusively on young men buying its burgers and fries, is adding 10 items to the menu,...
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Burger King Goes Casual Dining
Monday, April 2, 2012 - 7:35am | 442Following the recent news that Burger King (NYSE: BKC) had slipped to third place behind Wendy's (NYSE: WEN) and, obviously, McDonald's (NYSE: MCD), the fast food chain announced on Sunday that it would be spending millions updating its image and menu in an attempt to claw its way back. According...
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Pink Slime Or Not, Livestock ETNs Disappoint (COW, LSTK, UBC)
Wednesday, March 28, 2012 - 3:01pm | 549Earlier this year, we compiled a list of commodities ETFs and ETNs that had the potential to be duds in 2012 and those forecasts have been accurate throw the first three months of the year. One of the ETNs on that list was the iPath DJ-UBS Livestock TR Sub-Index ETN (NYSE: COW), which was down 1....
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Ratio Writes: Evaluating the Risks
Tuesday, March 27, 2012 - 8:22pm | 1127One of the amazing points about options is the flexibility they bring to trading. But is it possible to develop a strategy that holds risk down to a nice low level, while increasing profits? Yes. In fact, there are many conservative trades possible with options. A definition of “conservative”...
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Starbucks Now Charging by the Ounce
Tuesday, March 27, 2012 - 8:36am | 727Starbucks is implementing a new policy for its thirstiest customers. I still remember the week the Trenta – Starbucks' (NASDAQ: SBUX) largest size for iced drinks – was announced. The 31-ounce cup drew a lot of criticism from bloggers who were quick to point out that Starbucks customers could now...
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McDonald's Skinner: Don Thompson "Has Ketchup in his Veins"
Friday, March 23, 2012 - 10:28am | 255McDonald's (NYSE: MCD) outgoing CEO and Vice Chairman Jim Skinner is convinces he is leaving the company in safe hands and that its best days are still ahead. Responsible for tripling the company's stock over his tenure, Skinner says Don Thompson has played a significant role in the company's...
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McDonald's New CEO Has Big Clown Shoes to Fill
Thursday, March 22, 2012 - 10:05am | 438It was revealed on Thursday that McDonald's (NYSE: MCD) CEO Jim Skinner would be retiring later in 2012, and the company's president Don Thompson would be taking over. While Thompson undoubtedly deserves his chance, he faces a tall task replacing Skinner, a man who has guided the biggest fast food...
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Financial Breakfast: Morning News Summary for March 22, 2012
Thursday, March 22, 2012 - 7:25am | 1023Thursday, March 22, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Dollar General (NYSE: DG) Reports Q4 EPS $0.87 vs $0.82 Est; Revenues $4.19B vs $4.11B Est lululemon athletica (NASDAQ: LULU)...