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McDonald's reports fourth quarter earnings January 23rd
What's happening with MCD: After a steep selloff in October, shares of the fast food giant have risen steadily over the last two months. McDonald's (MCD) shares sold off so much in October due to weaker-than-expected third quarter results, so Wall Street will be paying close attention on the 23rd when McDonald's looks to redeem itself with its fourth quarter results. Analysts have forecast earnings of $1.33 per share, which would fall in-line with the same period last year.
Starbucks reports fiscal first quarter results January 24th
What's happening with SBUX: Starbucks (SBUX) stock has been in a strong upward trend since the company last reported earnings on November 1. Over the past year the company has reported mixed results, with big moves coming after each earnings report. Based on the volatility that we witnessed immediately following the company's last two reports we can expect to see more of the same when Starbucks reports its fiscal first quarter numbers. Analysts expect the company to report first quarter earnings of $0.57 per share, up from $0.50 during the same period last year.
New home sales report due January 25
What's happening with LEN: Lennar (LEN) stock has been in a solid bullish trend over the past year. The housing market is improving and all of the major homebuilders have benefitted from the improving housing market. While the housing market continues to rebound, it is being held back by tight lending standards that are preventing some potential homebuyers from entering the market. As a result, there is increased demand for rental properties and Lennar has expanded its business into the rental market in order to take advantage. Rental properties are becoming a new asset class and Lennar is the first homebuilder use rental properties as a profit center. On January 25, the Commerce Department will announce new home sales figures for December.
Defense industry takes center stage for earnings
What's happening with NOC: Despite budget cuts that are scheduled to hit the defense industry, most defense stocks have held strong in recent months, including Northrop Grumman (NOC). The stock sold off a bit in early November, but other than that has been strong and has earned back most of its November losses. There are going to be several defense stocks reporting earnings during the coming week including General Dynamics (GD), Raytheon (RTN) and Lockheed Martin (LMT). And their results will impact NOC sympathetically. NOC is scheduled to report its own fourth quarter earnings on January 30.
Chipotle Mexican Grill reacts to weak preliminary Q4 results
What's happening with CMG: Chipotle Mexican Grill (CMG) was in a steady upward trend until it disappointed analysts with weak preliminary fourth quarter results on January 15. The company will not report full earnings results until the first week of February, but they forecast fourth quarter earnings in a range of $1.92 to $1.97, well below the $2.08 analysts had been expecting. CMG fell as much as 10% on the next day of trading before finally closing the session down 5.5%. The weaker than expected preliminary results raised fears that increased competition combined with rising food costs were starting to weigh on the restaurant chain.
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