TRADIN' GOOD IN THE NEIGHBORHOOD:
The headline: IHOP (IHP) Soars On Deal To Buy Applebee's(APPB) For $2.1B; IHOP -- Half the Size of Applebee's -- Plans to Sell Most Company-Owned Restaurants to Franchisees
Karen Finerman likes this deal because she feels IHP management has done a phenomenal job of getting their house in order. She calls it an exciting story however she counsels the panel to wait for a pull back before buying IHP.
THEY'RE LOVIN' IT:
The headline:McDonald's (MCD) Reports 8.4% Surge In June Same-Store Sales; McDonald's Expects 2nd-Quarter Earnings To Top Estimates, Excluding Items; McDonald's To Report 2nd-Quarter Earnings Next Tuesday
Jeff Macke says MCD is experiencing a nice tail wind from the weak dollar as well as strong growth. All the traders agree – they like this stock.