The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
McDonald's digital app for deals and promotions is gaining traction with consumers, according to Jefferies.
The firm reiterated its buy rating on McDonald's shares, citing optimism over the restaurant chain's remodeling efforts.
Same-store sales should benefit from the app as well as the fast food company's efforts to revamp its restaurants. The mobile app is driving customers to promotions like $1 drinks, $1 sandwiches and free fries with a $1 purchase. "We also see deeper penetration as customers take advantage of value offers," analyst Andy Barish said in a note to clients Tuesday, estimating gains in same-store sales of 3 percent.
There are also more mentions of special McDonald's menu items on social media, something that is also seen driving sales and average check size. "Mentions of Big Macs (in association with the 50th Anniversary promotion) and fresh beef (quarter-pounders and Signature Crafted) are up noticeably," Barish said.
McDonald's shares closed up less than 1 percent on Tuesday.
Barish reaffirmed his $190 price target for McDonald's shares, representing 18 percent upside to Monday's closing price.
The analyst cited SimilarWeb data, which revealed that average daily active users on McDonald's Android app rose by 20 percent to 40 percent in recent months.
"MCD app downloads and install penetration data suggest digital strategy working," he said in the note.
McDonald's shares are underperforming the market this year. The stock is down 7 percent year to date through Monday versus the S&P 500's 8 percent gain.