Notable news items from the past few days and price action from yesterday.


  • MCD's Amit Jatia of McDonald’s India describes how the company adjusted the menu and the marketing strategy for expansion in the country.  Full story on nrn.com
  • MCD independent franchise operator, Arcos Dorados Holdings Inc., is seeking to sell shares at almost twice the valuation of the parent at 28x EPS.  A Brazil bubble?
  • Burger King has unveiled the Meat Monster – a modified Whopper that includes a chicken breast and bacon; the Meat Monster is only available in Japan.  The American versions of the ingredients, would have 1,160 calories, 24 grams of saturated fat, 240 milligrams of cholesterol, 13 grams of sugar, 54 grams of carbohydrates, 69 grams of fat, 1.5 grams of trans fat and 2,290 milligrams sodium.
  • DIN's largest concept, Applebee's, said Monday it was immediately retraining its workers nationwide after a server at a suburban Detroit location accidentally served alcohol to a toddler.
  • EAT appoints three new board members: Dave Dino (former CFO of YUM brands), Jon Luther (Chairman Dunkin Brands) and Michael Dixon (former CFO of CAKE).
  • RT continued to suffer from the fallout of its disappointing quarter yesterday with EAT, BWLD TXRH and DIN all down on accelerating volume.
  • WEN declined accelerating volume for the 2nd day in a row.





Howard Penney

Managing Director

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

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McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

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Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

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Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

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Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

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6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

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Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

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Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

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A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

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Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

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Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

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An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

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