TALES OF THE TAPE: MCD, DPZ, CAKE, PNRA, SBUX

01/13/11 08:26AM EST

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

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