McDonald’s Plans China Expansion and 3 Dow Movers Not to Miss
Johnson & Johnson (NYSE:JNJ): Current price $72.65
Johnson & Johnson said that it will present its Medical Devices & Diagnostics division strategy for accelerating growth during its yearly Business Review. MD&D comprised around 41 percent of the company’s total sales last year. In addition, the firm announced that it is starting an exploratory process through which to examine strategic options for its Ortho Clinical Diagnostics unit. All options will be explored to choose the best opportunity to push future growth and maximize shareholder value. The available options include a possible divestiture if it is determined that OCD could have greater potential as part of another organization whose concentration is more closely aligned with its core strengths, or by being run as a stand-alone entity.
McDonald’s Corporation (NYSE:MCD): Current price $93.16
Monday night, McDonald’s said that it would like to add new franchises in seven cities in southwest China, says China Daily.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Caterpillar (NYSE:CAT): Current price $97.42
The company is writing off $580 million of the roughly $700 million it paid for the Chinese mine-safety equipment manufacturer ERAMining Machinery. This is one more alert for Western firms to look for potential accounting problems in China and yet another example of why investors are growing more skeptical towards China’s machinery sector, according the Wall Street Journal.
Chevron Corporation (NYSE:CVX): Current price $115.83
Morocco Exploration signed petroleum agreements with the Office National Des Hydrocarbures Et Des Mines in that country for three offshore areas. Once awarded, Chevron will purchase seismic data and conduct studies in the deepwater areas known as Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, which lie between 60 and 120 miles west and northwest of Agadir. The areas cover about 11,300 square miles with average water depths ranging between 330 feet to 14,700 feet. Chevron Morocco Exploration has a 75 percent working interest in the three areas, with the Office National Des Hydrocarbures Et Des Mines holding the remaining 25 percent.