Yum! Must Convince Chinese Diners That KFC Is Safe and 2 Other Heavily Traded Stocks to Follow
Yum! Brands Inc. (NYSE:YUM): Current price $66.52
The chief executive of Yum Brands said on Wednesday that the firm still must fully convince diners in its top market of China that the fare at its KFC restaurants is safe, subsequent to a couple of safety scares, and predicted that next year will be a “strong bounce back year.” Shares in Yum are down about 6.25 percent on the New York Stock exchange Wednesday afternoon. Yum’s sales at restaurants in China have suffered since chemical residues were discovered in chicken from some of its poultry suppliers in China late in 2012. That misfortune was followed by a bird flu outbreak in China back in the spring.
Oracle Corp. (NYSE:ORCL): Current price $32.15
Analysts at Pacific Crest believe that Oracle can become major player in big data, saying that they think that Oracle’s big data opportunity, together with margin improvement and stock buybacks, can move the stock up to at least $35. Beyond that, the firm says the new products could cause Oracle’s growth to step up, and it maintains its Outperform on the shares.
The Men’s Wearhouse Inc. (NYSE: MW): Current price $45
On the same day that Jos. A. Bank issued a press release affirming rumors it had made a formal, nonbinding offer to buy its fellow clothier Men’s Wearhouse for $48 per share in an all-cash deal, the latter’s board released a statement turning down the offer, terming it “highly opportunistic.” The aggregate value of the acquisition offer is roughly $2.3 billion. The board of Men’s Wearhouse said in its Wednesday statement that Jos. A. Bank’s offer “significantly undervalues Men’s Wearhouse and its strong prospects for continued growth and value creation, and is not in the best interests of Men’s Wearhouse or its shareholders.”
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