The Buzz
Earnings kick-off: Alcoa and KFC-owner Yum Brands
October 9, 2012: 11:55 AM ET
Tuesday brings the unofficial start to third-quarter earnings season, with aluminum producer Alcoa (AA) and KFC-owner Yum Brands (YUM) reporting after the closing bell.
Alcoa is typically considered the kick-off to earnings since it's the first major Dow (INDU) component to report. It's also considered a bellwether of the economy because of its global reach.
But Yum may actually grab the spotlight because of its large presence in China, where report after report have been showing slowing growth.
StockTwits traders are keeping an eye on both.
AffluenzaVirus: Happy Earnings Season. $AA Starts it off tonight.
douglas_blake: $AA an onside kickoff to earnings season. Great indication of global demand. Bulls/Bears will have good field position. $$
The last few months have been good to Alcoa, whose stock is up just over 9%. Even year-to-date doesn't look too shabby, with the stock up almost 6%.
Still, not everyone is enamored with the aluminum producer's prospects.
ddp2049: $AA i think it going to be a good qtr. we need to listen for the outlook
dschorrnyc: Alcoa would unlock 63% in added value by splitting up, Bloomberg reports $AA
Yum Brands could wind up being the more interesting of the two. China accounts for nearly half of all Yum Brands' sales. And it's why the company's stock has been on a tear.
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Chipotle: A spicy stock downgraded to mild
Shares of Chipotle Mexican Grill plunged more than 20% Friday after the company reported weaker-than-expected sales growth, even as profits rose in the second quarter.
Chipotle (CMG) stock fell $92.28, or 23%, to $311.98 a share. Shares of McDonald's (MCD), Wendys (WEN) and Taco Bell-owner Yum brands (YUM) were down between 1% and 2%.
The sell-off came after Chipotle said late Thursday that same-store sales, a key measure of demand, grew only MORE
Ben Rooney - Jul 20, 2012 12:55 PM ET -
Bad news for Yum? McDonald's China sales fall
Shares of McDonald's and KFC-owner Yum! Brands declined Friday amid growing fears about slowing economic growth in China.
McDonald's announced that its sales at stores open at least a year in the Asia, the Middle East and Africa region declined 1.7% in May, with particular weakness in Japan and China.
In fact, sales in China declined for the first time since November 2009, said Lynne Collier, analyst at Sterne Agee. Collier said that her conversations MORE
Hibah Yousuf - Jun 8, 2012 12:36 PM ETPosted in: China, economy, fast food, global, interest rates, kfc, mcdonald's, rate cut, slowdown, yum brands
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