McDonald’s Hit by Worker Protests in NYC Monday and 2 Other Dow Movers to Watch
McDonald’s Corp. (NYSE:MCD): Current price $97.91
On Monday, the numbers of workers who want a minimum of $15 an hour, along with the right to organize without punishment, will protest outside of McDonald’s and Wendy’s locations all over New York City. Later in the week, the rallies will move to Detroit, Chicago, St. Louis, Milwaukee, Kansas City, and Flint. The movement was organized last autumn by a coalition of labor, community, and clergy groups named Fast Food Forward, and has been gaining traction since the protests first appeared in the national media. Last week, National Economic Council director Gene Sperling and Chairman Alan Krueger of the Council of Economic Advisers mentioned the “low-wage worker” protests in a blog, where they said that raising the minimum wage is part of President Obama’s economic vision.
Procter & Gamble Co. (NYSE: PG): Current price $80.17
According to ETF Channel, research into analyst recommendations at the major brokerages indicate that Proctor & Gamble is the number-seven broker pick, on average, out of the 30 stocks that comprise the Dow Jones Industrial Average. The historic retailer also ranks above the median of analyst picks among the broader S&P 500 index components, taking the number 122 spot out of 500.
General Electric Co. (NYSE:GE): Current price $24.54
GE Capital’s Franchise Finance arm said Monday that it has provided a $6.8 million credit facility to Guerrieri Management Inc., which is based in Cape Coral, Florida. The company presently operates 12 Taco Bell restaurants in the Tampa-Clearwater area. President Gordon Guerrieri initially engaged franchise financial advisors MarshallMorgan, LLC, who recommended GE Capital, and later worked with GE Capital to identify the optimal financial structure for the borrower’s future growth and goals. GMI is using the bulk of the funds to refinance current debt, among which includes debt linked to one newly-opened Taco Bell location.