McDonald’s Edges Past Estimates, Comcast Wins Space Flight Rights, and 3 More Hot Stocks
McDonald’s Corp. (NYSE:MCD): Though its growth was certainly minimal, it was enough for McDonald’s to beat projections, as global comparable-store sales rose 0.5 percent in October to beat the consensus estimate of 0.2 percent. The U.S. added 0.2 percent, Europe saw gains of 0.8 percent, and Asia-Pacific, Middle East and Africa saw a 2.8 percent slide. The company noted that a tough comparable in the U.S. hurt results, as a Monopoly promotion did very well last year; further, poor results in Germany brought its performance in Europe down.
Comcast Corp. (NASDAQ:CMCSA): Comcast’s NBC has inked an agreement with Virgin Galactic to broadcast the latter’s first commercial space flight. Virgin chief and founder Richard Branson will travel into space early next year, accompanied with two of his children (now adults, it’s worth mentioning) for what will become one of the first private space flights.
Royal Dutch Shell (NYSE:RDSA): Shell – which signed a $10 billion shale gas deal with the Ukrainian government this year — is expecting to commence the drilling at the Yuzivska field next year and may need to drill as many as 15 wells in order to fulfill the initial exploration appraisal of the Yuzivska property, which covers 3,100 square miles.
Cablevision Systems Corp. (NYSE:CVC): Though earnings per share of 22 cents beat estimates by 10 cents and revenue of $1.57 billion fell in-line, shares are down as the company reveals that it lost about 29,000 customers in the third quarter compared to a year ago; video, high-speed data, and voice all saw reductions. However, the average monthly revenue per video customer increased 5.4 percent, to $8.38.
Amarin Corp. PLC (NASDAQ:AMRN): Amarin shares are soaring as the company picks up an upgrade to Buy with a price target of $2.50 from Citigroup. Analyst Jonathan Eckard thinks that although the company is facing “an uphill battle” with the Food and Drug Administration, the stock’s current valuation “doesn’t reflect opportunity in smaller Marine population.” Eckard also sees further upside from greater cost-cutting.