Dow jumped 121, advancers over decliners almost 3-1 & NAZ added 73 (good enough for a new record close). The MLP index was up pennies in the 439s & the REIT index added 3 to the 322s. Junk bond funds rose & Treasuries backed off from yesterday's gains. Oil dropped on talk of increased supply from Iraq & gold was about even.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.6870111066145032)
McDonald’s, a Dow stock & Dividend Aristocrat, will stop reporting monthly same-store sales
results as new CEO Steve Easterbrook works to revive
growth. The company will provide same-store sales for Jun with its
Q2 earnings report, then cease providing the data monthly. Results for May will be
reported on Jun 8. The company will continue providing
quarterly comparable-store sales. It is struggling to turn around its business after 11
straight months of declining global comparable-store sales. Easterbrook announced a turnaround plan earlier this month that includes reorganizing the company’s leadership,
cutting costs & returning cash to shareholders. The change in sales
reporting is meant to help MCD focus on its longer-term
performance. MCD, which has about 36K restaurants worldwide, said sales
at stores open at least 13 months fell 0.6% in Apr &
dropped 2.3% in the US. The stock advanced 20¢. If you would like to learn more about MCD, click on this link:
club.ino.com/trend/analysis/stock/MCD?a_aid=CD3289&a_bid=6ae5b6f7
A US judge ordered Yahoo to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, & using the information to boost advertising revenue. US District Judge Lucy Koh said people who sent emails to or received emails from Yahoo Mail subscribers since Oct 2, 2011 may sue as a group under the federal Stored Communications Act for alleged privacy violations. She also said a class of non-Yahoo Mail subscribers in California may sue as a group under that state's Invasion of Privacy Act. Holders of non-Yahoo Mail accounts accused YHOO of copying & then analyzing their emails, including keywords & attachments, with a goal of creating "targeted advertising" for its subscribers, in addition to detecting spam & malware. They sought an injunction barring the alleged interceptions, as well as damages. The company in 2014 generated 79% of its revenue from search & display advertising. The stock rose 53¢. If you would like to learn more about YHOO, click on this link:
club.ino.com/trend/analysis/stock/YHOO?a_aid=CD3289&a_bid=6ae5b6f7
Tech stocks had another winner day, bringing the NAZ to a new record. However it is only up 100 since it first closed above 5K at the start of Mar. There was no dramatic news today, other than disappointing earnings at KORS. The latest word from the euro region is very negative about extending the Greece bailout. There are no shortage of problems but the stock market is not worried, yet.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CL.NYM | ....Crude Oil Jul 15 | ....57.57 |  ...0.46 | (0.8%) |
McDonald’s to Stop Reporting Monthly Same-Store Sales Data
McDonald's (MCD)
A US judge ordered Yahoo to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, & using the information to boost advertising revenue. US District Judge Lucy Koh said people who sent emails to or received emails from Yahoo Mail subscribers since Oct 2, 2011 may sue as a group under the federal Stored Communications Act for alleged privacy violations. She also said a class of non-Yahoo Mail subscribers in California may sue as a group under that state's Invasion of Privacy Act. Holders of non-Yahoo Mail accounts accused YHOO of copying & then analyzing their emails, including keywords & attachments, with a goal of creating "targeted advertising" for its subscribers, in addition to detecting spam & malware. They sought an injunction barring the alleged interceptions, as well as damages. The company in 2014 generated 79% of its revenue from search & display advertising. The stock rose 53¢. If you would like to learn more about YHOO, click on this link:
club.ino.com/trend/analysis/stock/YHOO?a_aid=CD3289&a_bid=6ae5b6f7
Judge: Yahoo Must Face Email Spying Class Action
Yahoo! (YHOO)
Michael Kors reported its slowest quarterly revenue growth since its IPO in Dec 2011 as demand for its handbags & accessories
weakened in North America. Revenue rose 17.8% in Q4, slowing sharply from the growth of 30-74% it
posted for the past 13 quarters. Same-store sales in North America fell 6.7%. Analysts had expected a rise of 4.4%. Margins fell to 58.4% from 59.9% a year earlier as the company aggressively
offered discounts to attract shoppers. The stock sank 14.66 (24%). If you would like to learn more about KORS, click on this link:
club.ino.com/trend/analysis/stock/KORS?a_aid=CD3289&a_bid=6ae5b6f7
club.ino.com/trend/analysis/stock/KORS?a_aid=CD3289&a_bid=6ae5b6f7
Kors plunges 23% as revenue growth slows
Michael Kors (KORS)
Tech stocks had another winner day, bringing the NAZ to a new record. However it is only up 100 since it first closed above 5K at the start of Mar. There was no dramatic news today, other than disappointing earnings at KORS. The latest word from the euro region is very negative about extending the Greece bailout. There are no shortage of problems but the stock market is not worried, yet.
Dow Jones Industrials
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