Yum Brands surges as sales improve
Jon "DRJ" Najarian | [email protected]
Chains Recovering From Chicken Scare
The fast-food chain operator is up sharply in pre-market trading after same-store sales in China came in better than expected. Quarterly figures reported after yesterday's close showed a drop of 20 percent in its Chinese division, less than the 25 percent decline that analysts had forecast. The company, whose brands include KFC and Pizza Hut, plunged in late November after a health scare involving tainted chicken. YUM is up about 6 percent this morning.
VeriFone Higher as CEO Steps Down
The maker of credit-card readers is trading higher after announcing late yesterday that CEO Doug Bergeron would be replaced effective today. The company has faced increasing competition from new technologies and saw its stock plummet more than 40 percent after issuing weak preliminary results on Feb. 21. Chairman Richard McGinn will take the helm until a new chief executive is appointed. PAY is up nearly 7 percent in the pre-market.
BlackBerry Up on Buyout Speculation
The handset maker is up this morning as the company takes pre-orders for its new Z10 line. The stock also got a boost after Lenovo's CEO was quoted in a French financial newspaper as saying that a takeover might be possible at some point in the future. BBRY is up about 3 percent on my tradeMONSTER extended-hours platform.