Yum, McDonald's Fall; MasterCard, eBay Rise

Mayank Mehta
09 Sep, 2009
New York City

YUM! Brands, Inc led the decliners in the S&P 500 index with a loss of 3.1%. Pep Boys second quarter profit rises 40% but sales disappoint. Casey

[R]11:00 AM New York – YUM! Brands, Inc led the decliners in the S&P 500 index with a loss of 3.1%. Pep Boys second quarter profit rises 40% but sales disappoint. Casey’s General Stores, Inc profit jumps. McDonald’s global sales in August increase 2.2%.[/R]

Of the stocks in S&P 500 index, 183 increased, 305 declined and 12 were unchanged.

YUM! Brands, Inc led the decliners in the S&P 500 index with a loss of 3.1% followed by losses in Allegheny Technologies Incorporated of 3.0%, in Advanced Micro Devices, Inc of 2.8%, in Coca-Cola Enterprises Inc of 2.7% and in E. I. du Pont de Nemours and Company of 2.6%.

Millipore Corporation led gainers in the S&P 500 index with a rise of 3.9% followed by gains in SanDisk Corporation 3.9%, in Stryker Corporation of 3.1% and in Illinois Tool Works Inc of 2.7%.

Ratings revisions lifted several companies. Citigroup made positive comments on MasterCard and Capital One and JP Morgan Chase lifted rating on Morgan Stanley. eBay increased after Sanford C. Bernstein analysts made positive comments.

Lazard Ltd ((LAZ)) declined more than 5% after certain shareholders decided to sell 5.22 million shares in an underwritten offering according to the company.

Other Movers

Advanced Micro Devices, Inc ((AMD)) the global semiconductor company plunged 2.3% or 12 cents to $5.08.

AeroVironment, Inc ((AVAV)) fell 5.9% or $1.81 to $28.61 after the maker of unmanned aircraft said first quarter sales fell 29.2% to $37.9 million from $53.6 million a year ago. Net loss in the quarter was $3.6 million or 17 cents per diluted share compared to net income of $4.8 million or 22 cents per share a year ago.

Casey’s General Stores, Inc ((CASY)) added 8.6% or $2.45 to $30.64 after the operator of convenience stores said first quarter sales fell 24% to $1.19 billion from $1.57 billion a year ago. Net income in the quarter rose 54% to $44.2 million or 87 cents per diluted share compared to net income of $28.8 million or 57 cents per share a year ago.

Coca-Cola Enterprises Inc ((CCE)) fell 2.1% or 44 cents to $19.98 said third quarter business trends are better than expected and the company guided full year earnings per diluted share at the higher end of the previous estimate between $1.44 and $1.49.

FuelCell Energy, Inc ((FCEL)) advanced 4.8% or 17 cents to $3.65 after manufacturer of high efficiency, ultra-clean power plants said third quarter sales fell 17.6% to $23.0 million from $27.9 million a year ago. Net loss in the quarter was $15.7 million or 21 cents per diluted share compared to net loss of $26.8 million or 39 cents per share a year ago.

Hi-Tech Pharmacal Co., Inc ((HITK)) surged 16.7% or $2.89 to $20.15 after the specialty pharmaceutical company reported first quarter revenues rose 175% to $43.5 million from $15.8 million a year ago. Net income for the quarter rose 480% to $8.7 million or 73 cents per diluted share compared to net income of $1.5 million or 13 cents per share a year ago.

McDonald’s Corp ((MCD)) decreased 1.8% to $55.19 after the fast-food restaurant operator said global sales in August increased 2.2%.

Millipore Corporation ((MIL)) the life science company increased 4.2% or $2.79 to $68.94.

The Pep Boys-Manny, Moe & Jack ((PBY)) decreased 5.8% or 59 cents to $9.50 an automotive parts retailer said second quarter sales fell 2% to $488.9 million from $500 million a year ago. Net income in the quarter rose 40% to $7.7 million or 15 cents per diluted share compared to net income of $5.5 million or 10 cents per share a year ago.

SanDisk Corporation ((SNDK)) added 4.5% or 82 cents to $19.03.

Stryker Corporation ((SYK)) the medical technology company increased 4.3% or $1.85 to $45.20.

The Talbots, Inc ((TLB)) climbed 11.1% or 79 cents to $7.90 after the women''s clothing retailer reported second quarter revenues fell 23% to $304.6 million from $395.2 million a year ago. Net loss for the quarter was $24.5 million or 45 cents per diluted share compared to net loss of $25 million or 47 cents per share a year ago.

Titan Machinery Inc ((TITN)) jumped 10.4% or $1.31 to $13.90 after the network of full-service agricultural and construction equipment stores reported second quarter revenues rose 43.2% to $193.2 million from $134.9 million a year ago. Net income for the quarter rose 48.5% to $4.9 million or 27 cents per diluted share compared to net income of $3.3 million or 19 cents per share a year ago.

United Natural Foods, Inc ((UNFI)) fell 4.4% or $1.23 to $26.71 after the organic foods wholesaler reported fourth quarter revenues fell 6.4% to $853.5 million from $911.9 million a year ago. Net income for the quarter rose 21% to $15.5 million or 36 cents per diluted share compared to net income of $12.8 million or 30 cents per share a year ago.

YUM! Brands, Inc ((YUM)) the quick service restaurant fell 2.7% or 92 cents to $33.28.