S&P 500 Weekly Recap: McDonald’s and Apple Shakeup the Charts

The S&P 500 (NYSEARCA:SPY) was up 0.88% at 1,255. These stocks were some of the best and worst performers of the week.

MetroPCS Communications Inc. (NYSE:PCS), the pay-as-you-go wireless carrier, has experienced a “very significant” decrease in churn, or the rate at which it loses customers, said Chief Financial Officer Braxton Carter. The company’s churn climbed to 4.5% in the third quarter, up from 3.8% a year earlier and 3.9% in the second quarter. PCS shares have traded in a 52-week range of $7.51 to $18.79. Volume today was 4,799,060 shares versus a 3-month average volume of 5,489,520 shares. The company’s trailing P/E is 14.61, while trailing earnings are $0.61 per share.

Investing Insights: Pfizer and 2 Blue Chips Keeping the DJIA Above Water.

Eli Lilly & Co. (NYSE:LLY) increased to a one-month high following an analyst’s comment that the impressive performance of the company’s experimental Alzheimer’s drug could cause share prices to double. LLY shares have traded in a 52-week range of $33.46 to $39.78. Volume today was 10,903,368 shares versus a 3-month average volume of 8,224,120 shares. The company’s trailing P/E is 9.30, while trailing earnings are $4.18 per share.

Novellus (NASDAQ:NVLS) estimates and price targets were raised at Credit Suisse. Credit Suisse says share targets for NVLS are up to $42. Estimates also jumped in accord with the company’s new guidance with an Outperform rating. NVLS shares have traded in a 52-week range of $25.95 to $41.82. Volume today was 1,647,649 shares versus a 3-month average volume of 1,831,500 shares. The company’s trailing P/E is 10.44, while trailing earnings are $3.50 per share.

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McDonald’s (NYSE:MCD) reports an increase of 7.4% in worldwide comparable sales in November, including a 6.5% rise in the U.S. besting analysts’ unanimous estimate for 4.5% gain. According to the company, the addition of the seasonal Peppermint Mocha and a Chicken McNuggets promotion helped lift sales for the month.

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Apple (NASDAQ:AAPL): Samsung’s bid in the French courts for an injunction banning iPhone 4S sales within France was rejected. A second hearing will be held next week in an Italian court on a similar ban attempt.  Apple and Samsung are now “embroiled in more than 30 lawsuits in a minimum of 12 courts in at least 9 countries on 4 continents,” according to Florian Mueller.

Halliburton (NYSE:HAL): Goldman Sachs resumes coverage of oil service stocks (NYSE:OIH) with an Attractive rating, and placing Halliburton, down 35% from its recent peak and priced near its historical cyclical-low multiples, on its Conviction Buy List.

Investing Insights: These 12 High Dividend Stocks Are Approaching Their Ex-Date.

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