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The Zacks Stocks in the News Blog Highlights: Apple, Popeyes, General Motors, Retail Earnings
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For Immediate Release
Chicago, IL—February 24, 2017—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Known as ‘Apple Park,’ iPhone maker Apple’s (AAPL - Free Report) brand new headquarters is almost ready to go, and will be open to employees starting in April. Th tech giant said it will take over six months to move its 12,000 employees from its old campus in Cupertino, California, and construction of Apple Park’s buildings and parklands will continue through the summer.
Restaurant Brands International (QSR - Free Report) , owner of Burger King and Tim Hortons, has reached a deal with Popeyes Louisiana Kitchen to acquire the fried chicken chain for $1.8 billion. Restaurant Brands will pay Popeyes shareholders $79 per share, a 19% premium to Friday’s price at market close.
Shares of General Motors (GM - Free Report) were up on Tuesday on reports that the largest American automaker is looking to sell its European operations to French-based PSA Group, the maker of car brands like Peugeot and Citroen. The deal has already experienced some union pushback, but German officials have voiced support for the GM and PSA deal as fear of plant closures have been curbed.
After a spree of disappointing holiday sales announcements, investors have been less-than-excited about a tepid retail industry that has continued to struggle in the face of changing consumer behavior. However, solid fourth-quarter reports from Walmart (WMT - Free Report) , Macy’s (M - Free Report) , and Home Depot (HD - Free Report) had investors in a frenzy on Tuesday.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: Apple, Popeyes, General Motors, Retail Earnings
For Immediate Release
Chicago, IL—February 24, 2017—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
7 Insane Facts About Apple’s New $5 Billion Campus
Known as ‘Apple Park,’ iPhone maker Apple’s (AAPL - Free Report) brand new headquarters is almost ready to go, and will be open to employees starting in April. Th tech giant said it will take over six months to move its 12,000 employees from its old campus in Cupertino, California, and construction of Apple Park’s buildings and parklands will continue through the summer.
Popeyes Spikes 12% After $1.8 Billion Acquisition Deal with Burger King Owner
Restaurant Brands International (QSR - Free Report) , owner of Burger King and Tim Hortons, has reached a deal with Popeyes Louisiana Kitchen to acquire the fried chicken chain for $1.8 billion. Restaurant Brands will pay Popeyes shareholders $79 per share, a 19% premium to Friday’s price at market close.
GM Keeps Gaining on Driverless Cars and Possible European Merger
Shares of General Motors (GM - Free Report) were up on Tuesday on reports that the largest American automaker is looking to sell its European operations to French-based PSA Group, the maker of car brands like Peugeot and Citroen. The deal has already experienced some union pushback, but German officials have voiced support for the GM and PSA deal as fear of plant closures have been curbed.
Retail Earnings Roundup: WMT, M, HD Soar After Impressive Reports
After a spree of disappointing holiday sales announcements, investors have been less-than-excited about a tepid retail industry that has continued to struggle in the face of changing consumer behavior. However, solid fourth-quarter reports from Walmart (WMT - Free Report) , Macy’s (M - Free Report) , and Home Depot (HD - Free Report) had investors in a frenzy on Tuesday.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.