Expectations are high for new Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol, and the Chipotle management team got a vote of confidence from Wall Street on Wednesday. Morgan Stanley analyst John Glass has upgraded CMG stock from “equal-weight” to “overweight,” but not all analysts are as optimistic about Chipotle’s outlook.
Macy’s Inc (NYSE: M) once again reported better-than-expected earnings and raised its full-year outlook on Wednesday, but the retailer’s second quarter wasn’t enough to keep investors from taking profits on M stock. Shares were down 14 percent by midday Wednesday as some investors see Macy’s ballooning costs as a potential red flag.
The Coca-Cola Co (ticker: KO) is taking a minority ownership stake in sports drink BodyArmor. Analysts say the BodyArmor deal is Coca-Cola’s latest attack on rival PepsiCo (PEP) and its Gatorade subsidiary, which has been eating away at Coca-Cola’s sports drink market share.
Nvidia Corporation (Nasdaq: NVDA) investors got some long-awaited good news on Monday when the company unveiled its next-generation Turing graphics chips and said the technology will be available starting in the fourth quarter.
Home Depot Inc (NYSE: HD) reported another impressive quarter on Tuesday, beating earnings and revenue expectations and raising its full-year guidance.
Now that the Walt Disney Co (ticker: DIS) buyout of Twenty-First Century Fox (FOX, FOXA) is nearing completion, attention has shifted to which company could buy Fox’s 22 regional sports networks. Experts say Disney could land roughly $20 billion for Fox’s sports assets, and the cash infusion will be much-needed as DIS invests heavily in its new streaming service.
President Donald Trump once again lashed out at Harley-Davidson Inc (NYSE: HOG) over the weekend, taking to Twitter to encourage a boycott of the company’s motorcycles if it follows through with its plan to move manufacturing overseas.
U.S. President Donald Trump lashed out at Turkey on Friday, doubling import tariffs on steel and aluminum in protest of the detention of American pastor Andrew Brunson. Trump’s decision tanked the Turkish lira and disrupted equity markets around the world, but analysts say it’s more good news for United States Steel Corporation (NYSE: X) stock.
Papa John’s (ticker: PZZA) stock has taken a beating in 2018 amid slumping sales and management drama related to the resignation of former CEO John Schnatter. But while Papa John’s struggles to right the ship, analysts say Domino’s Pizza, Inc. (DPZ) is well-positioned to siphon off more of Papa John’s business.
Analysts say Advanced Micro Devices, Inc. (Nasdaq: AMD) is well-positioned to take market share away from data center and PC processor market leader Intel Corporation (INTC), now that Intel delayed the launch of its 10 nanometer processors until 2019.