Market News

McDonald's (MCD)

CNN.com is reporting that McDonald's will start offering breakfast for a buck with the launch of a national dollar menu in January. The breakfast dollar menu will be backed with advertising across the U.S., and will feature five items: two sausage sandwiches, a sausage burrito, a 12-ounce coffee and a hash brown. The menu may feature some variations based on markets.
The concern here is that McDonald's margins are going to get squeezed. Their strategy seems to be to try to maintain market share and traffic in this tough environment.

Dec 11 · 1:05:00 PM · Source: CNN.com
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by Rich Pike

The Men's Wearhouse (MW)

Men's Wearhouse, Inc. (the) reported for the 3rd-quarter 2009 earnings of $19.7 million, or $.37 per share, on sales of $462 million. That compares to the prior year earnings of $15.7 million, or $.28 per share, on sales of $459.7 million.
For the fourth quarter the company guidance is that the Company expects a GAAP loss per share to be in a range of $0.15 to $0.19. Ouch.

Dec 10 · 8:41:00 PM · Source: Company Press Release
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by Rich Pike

The Men's Wearhouse (MW)

The Men's Wearhouse, Inc. reported for the 3rd-quarter 2009 earnings of $19.7 million, or $.37 per share, on sales of $462 million. That compares to the prior year earnings of $15.7 million, or $.28 per share, on sales of $459.7 million.
For the fourth quarter the company guidance is that the Company expects a GAAP loss per share to be in a range of $0.15 to $0.19. Ouch.

Dec 10 · 1:58:00 PM · Source: Company Press Release
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by Rich Pike

Garmin (GRMN)

Smarttrend.com is reporting that Barclays Capital equity research issued a note to clients Wednesday following a meeting with Garmin's management. The note concluded with this statement, "Coupled with expectations of growth in its other business lines driven largely by new product introductions, share gains, and a broader cyclical recovery, management is planning for growth on a top and bottom line basis (compared to consensus expectations of a decline)."
Garmin's stock is currently up 4% in today's trading to $31.24.

Dec 9 · 3:41:00 PM · Source: Smarttrend.com
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by Rich Pike

McDonald's (MCD)

McDonald's reported that sales at restaurants open at least a year fell 0.6 percent in the U.S. It was the second consecutive monthly decline for the measure, an important indicator of a restaurant chain's health, and a steeper fall than October's 0.1 percent. This is only the fourth U.S. decrease in 6 1/2 years.
Many analysts believe the high unemployment rate is negatively impacting sales for McDonald's, as well as other fast food chains. Expect continued weak results until unemployment recedes.

Dec 8 · 8:39:00 PM · Source: Yahoo Finance
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by Rich Pike

Ford (F)

Ford Motor Credit, the finance arm of Ford Motor Company, is planning to sell a new issue of bonds due 2020.
Net proceeds of the bond sale will go toward Ford Motor Credit's general funds, according to the filing, and will be available for the purchase of receivables, for loans and for use in connection with the retirement of debt. Price guidance for the new offer, which is estimated to be $1 billion in size, has the notes yielding in the area of 8.25%-8.375%.

Dec 8 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto

Ford (F)

Ford, after decades of developing vehicle platforms with Japanese affiliate Mazda Motor Corp., intends to go it alone for future models.
"For a lot of designing and engineering, we're going to be focused on Ford," Mark Fields, Ford's president for the Americas, said on the sidelines of the Los Angeles Auto Show. "Our efforts will be focused on the Ford system, as opposed to relying on others such as Mazda."

Dec 8 · 2:40:00 PM · Source: Korea Herald
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by Michael Oliveto

Amazon (AMZN)

Amazon has officially denied reports that it has plans to open "physical" stores anywhere in the world.
The response comes after rumors that the company was planning on opening high street shops in Britain.

Dec 7 · 4:10:00 PM · Source: Investors.com
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by Michael Oliveto

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