Markets Up on Oil Rise to $56
Oil At $56, Marking YTD High.
Shake Shack Up 15% On Expansion Plans. It looks like investors are excited to see Shake Shack (SHAK) opening more locations, because their share prices have been shooting up all week. Although things steadied today, with a -2.40 point decline, the stock price is up over 15% in the past 5 days. Share prices have risen from just below $50 to $57.45 at the close of the market today. Shake Shack is the exception to the fast food retail market segment, though. Its competition has not been growing as fast as shareholders have wanted, and that's lead to flat share prices if not outright declines.
But What About The Rest Of Fast Food? Not every fast food retailer is having the same boom as Shake Shack (SHAK), and share prices among the major brands have been mixed. Yum! Brands (YUM) -- which holds KFC, Taco Bell, and others -- has had some limited success but is struggling in general. Yum was flat today, losing -0.03 points to close at $79.59. Darden Restaurants (DRI) has had some success with Olive Garden after making changes, but was down -0.85 points to close at $67.05 today. McDonald's (MCD) lost -1.14 points today, and closed at $96.44. Wendy's (WEN) was flat today and has been having a down week, losing 2.50% over 5 days to close at $10.54. Domino's Pizza (DPZ) is much the same as Wendy's, having lost 2% over 5 days to close at $98.36.
A Rare Down Day For Health Care Providers. Health care providers have been a reliable earner in the market, even when the economy was struggling much more than it is now. Today was a bad day for the sector, though, as investors sold their shares and prices fell. UnitedHealth Group (UNH) lost -2.60 points and closed at $117.32. Cigna (CI), another managed care provider, lost -2.68 points per share and closed the day's trading at $130.22. Anthem (ANTM), one of the largest providers of managed health care, was down -2.95 points to $151.30.
Published on Apr 15, 2015By Aaron Phillips