Notable news items and price action over the past twenty-four hours, along with our fundamental views on select names.

  • MCD Japan has cut its full year profit estimate by 28% in the aftermath of the earthquake/tsunami disaster.
  • SBUX Coffee Japan LTD cut its full year earnings forecast for the period ending 3/31/2011 by 28%.
  • CAKE was reiterated “Neutral” at Piper Jaffray.
  • CMG gained 2.6% on accelerating volume.
  • PNRA gained 2.4% on strong volume.
  • KONA declined 3.8% on accelerating volume.

TALES OF THE TAPE: MCD, SBUX, CBRL, CAKE, CMG, PNRA, KONA - stocks 414

Howard Penney

Managing Director