• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

News/price action callouts from restaurant space over the past 24 hours:

  • MCD declined on accelerating volume in an up tape
  • DPZ's strong outperformance continues
  • CAKE raised to Buy from Neutral at BofA/ML
  • PNRA opens pay what you wish location in Oregon
  • SBUX signs an agreement with Tata Coffee for sourcing coffee beans and to explore future entry of  SBUX into the Indian market
  • Arabica coffee process climbed to a 13 year high on speculation that crop diseases will disrupt global supplies
  • Cattle futures jumped to a record and hogs climbed to an eight-month high on concern rising feed costs will prompt farmers to curb supplies

TALES OF THE TAPE: MCD, DPZ, CAKE, PNRA, SBUX - stocks 113

Howard Penney

Managing Director