Stocks to Watch: JPM, MCD, CBS & More
Senior Producer, CNBC
Take a look at some of Thursday's morning movers:
JPMorgan Chase - The bank says it's received permission from the U.S. Federal Reserve to resume stock buybacks in the first quarter of 2013, under a newly approved capital plan. That plan also allows it to continue paying its dividend.
Qualcomm - Qualcomm reported fiscal fourth quarter profit of $0.89 per share, seven cents above estimates, with revenue also beating consensus. In addition, Qualcomm's current quarter forecasts for both earnings and revenue exceed current Street estimates. Qualcomm CEO Paul Jacobs is also allaying concerns about a shortage of chips for smartphones like Apple's iPhone 5. (Read More: Foxconn Chairman: Hard to Keep Up With iPhone Demand)
McDonald's - The restaurant chain reported October sales that were lower for October, and below estimates for all world regions except for Asia-Pacific/Middle East/Africa.
Activision Blizzard - Activision reported third-quarter profit of $0.15 per share, seven cents above estimates. The videogame maker also boosted its full-year earnings guidance because of strong sales for some of its new offerings. (Read More: The Most Anticipated Videogames of 2013)
Wendy's - The fast food restaurant operated reported quarterly profit of $0.03 per share, excluding certain items, two cents shy of estimates. It also announced it's doubling its quarterly dividend of $0.04 per share because of what it called its strong financial position.
Duke Energy - The power producer earned $1.47 per share for the third quarter, excluding certain items, two cents above estimates. The company's 26 percent rise in net income from the prior year was helped by its buyout of Progress Energy earlier this year.
Dean Foods - The food and beverage company earned $0.33 per share for the third quarter, excluding certain items, seven cents above estimates. It also raised its full-year forecast as prices for raw milk, its biggest expense, stabilized.
Take-Two Interactive - Investor Carl Icahn has once again increased his stake in the videogame maker, this time to 10.68 percent from the prior 9.57 percent. (Read More: 10 Must-Have Videogames This Holiday Season)
Mondelez International - Mondelez earned $0.37 per share for the third quarter, a penny above estimates, but the snack foods company also predicted 2013 earnings that fall below Street consensus. Mondelez was created by the split-up of the old Kraft Foods, with Mondelez comprising the global snacks business and the new Kraft Foods Group running the North American grocery business. Mondelez has already said its first year will see weak chewing gum sales offsetting stronger sales of chocolate and biscuits.
Whole Foods Market - Whole Foods earned $0.60 a share for the fourth quarter, matching analysts' estimates. The natural foods supermarket chain, however, is predicting fiscal year profit of $2.83 to $2.87 per share, below analysts' estimates of $2.90 a share. The company did increase both same-store sales and profit margins during the quarter, and also announced a 43 percent quarterly dividend increases to $0.20 per share from $0.14 a share.
Dish Network - Dish has won a court victory over News Corp.'s Fox unit, with a judge denying the network's request to prevent Dish from marketing its commercial-skipping AutoHop feature with its DVR service. However, the judge did suggest she may consider Fox's argument that AutoHop's use represents a copyright infringement.
Wal-Mart Stores - The company plans to kick off Black Friday on Thursday, opening its doors for holiday sales at 8 p.m. on Thanksgiving night. That's the earliest start ever to the holiday season by the world's largest retailer.
—By CNBC's Peter Schacknow
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