Range, between 2. 85 and 2. 9. Europe seeing red this morning as well. Year over year core inflation fell in the eurozone to. 9. The last fed meeting of the year kicks off today. Stocks look to stay in the green and continue the rally. Boeing authorizing an additional 10 billion in share buybacks over the next two to three years. Facebook is getting into the video ad game. They plan to start selling video ads that will automatically may in users feeds. And jim cramer will talk to the coceos of whole foods this hour. The s p snapping a foursession losing streak. The feds twoday meeting gets back today. A lot of tea leaf reading, jim being looking at the calendar, looking at yellens history. Some say shes slightly more committed to the program than bernanke but well have to wait until tomorrow. A lot of people are saying wait a second, we sold down very badly last week. What happens if they stay the course . This could be a giant short squeeze. Buyers came in saying i dont like the outco
Right after the open. As for the action in europe, taking its cues from the United States. Well see a big rally in china extending one of its biggest rallies in three years. We have a mixed bag in europe with italy up by about. 2 of 1 . Well do our best to keep focused on the business day. Well be following the tragic shooting in connecticut, of course. The New York Stock Exchange will hold a moment of silence to honor the victims in the next few moments, and well be looking at the president s call for meaningful action and the politics of gun control. Lets get to a road map for this morning. It starts with apple. Under pressure once again. Even dipping below 500 a share at some point this morning. Shares will remain range bound near term. Iphone 5 sales and cannibalization among the region. Other concessions from the gop, the speaker proposing tax hikes for millionaires. Could this be the tipping point. Moving the talks beyond deadlock. A big week for earnings. Yes, earnings. Fedex, r
He calls it, they pulled a congress. Waiting for goodow, and a lot of others said sticking their heads somewhere else. Its trough. Jim, thanks for coming on. Well see you on the set in pebble. Thank you for having me here. I appreciate it. Thank you for coming. Join us tomorrow. Squawk on the street is next. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber here at the new york Stock Exchange. Take a look at u. S. Futures. We should note the dow is posting its bst january in 17 years. We are looking to go higher on the dow here. Investors are awaiting the house vote this afternoon on postponing the debt ceiling. News in europe, David Cameron vowing a referendum on whether britain remains in the eu. In japan, longest losing streak in two months. China awaits data, thats out tonight. The road map in the u. S. Starts off at the golden arches. U. S. Samestore sales up 9 for mcdonalds, helped by the dollar menu and mcr
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Wingstop Flies on Analysts Response to First-Quarter Sales
Wingstop s preliminary first-quarter results impress analysts. The stock is higher.
Author:
Wingstop (
WING) - Get Report was flying high Thursday after analysts saw good news in the chicken-wing-chain operator s first-quarter preliminary results.
Shares of the Dallas company at last check were rising 5.4% to $134.
Wingstop s first-quarter systemwide sales increased 30% from a year earlier to about $558.9 million. Digital sales soared 64%, compared with 43% a year ago.
Many restaurants saw a boost in digital sales as the COVID-19 pandemic forced businesses to close or severely limited seating and people ordered from home.
Domestic same-store sales increased 20.7%, while company-owned restaurant same-store sales increased 13.4%.