RECENT NOTES
7/24/15 SBUX | BEAST MODE
7/24/15 MCD | Right on Track
7/23/15 DFRG | HOPE IS NOT A PROCESS
7/22/15 CMG | Is a Friend to Investors not a Faux
7/21/15 FUNDAMENTAL WALK THROUGH | SBUX
7/20/15 MCD | FRANCHISEE NUMBERS SPEAK LOUDER THAN WORDS
RECENT NEWS FLOW
Friday, July 24
BWLD | Downgraded to neutral from buy at Dougherty & Co.
Thursday, July 23
DNKN | In case you missed DNKN CEO blasting the NY wage board during their earnings call, here is a good summary (click here for article)
BWLD | Increases their credit facility from $100 million to $200 million (click here for 8-K)
SBUX | SBUX and PEP sign agreement to bring Starbucks ready-to-drink beverages to Latin America (click here for article)
Wednesday, July 22
DRI | Bondholders protest plan to spin off real estate (click here for article)
NY Board recommends phasing in $15 hourly wage (click here for article)
Tuesday, July 21
MCD | Might take all-day breakfast national (click here for article)
Lawmakers, White House explore tax revamp for U.S. firms with large overseas presence (click here for article)
Monday, July 20
DNKN | Announces plans for 26 new restaurants in Fresno and San Francisco (click here for article)
SECTOR PERFORMANCE
Casual dining and quick service stocks, in aggregate, underperformed the XLY last week. The XLY was down -0.4%, top performer from casual dining was RT posting an increase of 10.8%, while CMG led the quick service pack up 10.5%.
QUANTITATIVE SETUP
From a quantitative perspective, the XLY remains bullish on a TRADE and TREND duration.
CASUAL DINING RESTAURANTS
QUICK SERVICE RESTAURANTS
