McDonalds Corp (MCD)
You've probably heard of this one - hamburgers? Golden arches? Yummy fries? The Chicago-area - based McD's owns more than 31,000 fast-food restaurants world-wide, including one pretty near where you are right now, we're guessing.
Sector Update: Consumer
11:18 AM Eastern Standard Time, 02/04/2010 (MidnightTrader) -- Consumer shares slumped as new jobless numbers showed a dent in the fragile employment recovery. Stocks are still reeling from disappointing weekly jobless claims this morning. The Labor Department said initial claims for jobless benefits rose by 8,000 last week. Economists had expected a decrease of 10,000. The weekly jobs data comes a day ahead of the key monthly report, due Friday. Macy's Inc. (M) is on the rise Thursday morning after the department store raised its earnings forecast for the fourth quarter. Another retailer Ross Stores (ROST) says January same-store sales rose 8%. Q4 EPS are seen between $1.15 to $1.16, versus forecasts for $1.16. Joe's Jeans (JOEZ) is up after the company said late Wednesday it earned $0.33 per share in Q4, topping the sole analyst estimate for a penny. Sales of $25.2 million also topped the sole estimate.
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Current price per share
Today's gain: $-0.23 (-0.34%)
