Cowen believes McDonald’s digital ordering upgrades will drive the fast-food chain’s sales higher.
McDonald’s shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants.
Cowen raised its rating on McDonald’s shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain’s restaurants this year.
McDonald’s shares rallied 26 percent this year through Monday compared to the S&P 500’s 10 percent return.
Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald’s calls “Experience of the Future,” includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery.
“MCD is cultivating a digital platform through mobile ordering and Experience of the Future (EOTF), an in-store technological overhaul most conspicuous through kiosk ordering and table delivery,” Charles wrote in a note to clients Tuesday. “Our analysis suggests efforts should bear fruit in 2018 with a combined 130 bps [basis points] contribution to U.S. comps [comparable sales].” Read the rest of this entry »
Stacy Dash writes:
I love to see strong American women with guns. Way to go, Team USA!
American teenager Virginia Thrasher won the first gold medal of the Rio 2016 Olympic Games on Saturday, holding her nerve against two Chinese Olympic champions to clinch the women’s 10m air rifle event.
The 19-year-old American edged out China’s Du Li, gold in Athens in 2004, with an Olympic-record score of 208. Defending Olympic champion Yi Siling, also of China, took the bronze medal… Read the rest of this entry »
Not Such Good American Friends.
Every foreign business or nonprofit in China has to balance its principles with the realities of operating in a dictatorship. But what’s the point of claiming to promote the rule of law in China if your presence and silence serve as political cover for the worst legal abuses?
China’s recent arrests of human-rights lawyers have drawn protests from around the world, but there’s a notable, mumbling exception: the American Bar Association.
“ABA leaders acknowledge that the development of a just rule of law is a continuing struggle in every nation, including the United States.”
— ABA President William Hubbard
State security agents rounded up some 235 lawyers and other legal activists around the country last month, some of them grabbed, hooded and not heard from since. Beijing officials have railed against a “major criminal gang” of lawyers “plotting to stir up sensitive cases.”
Some brave voices inside China have spoken up for these political prisoners, as have legal groups in Hong Kong and Taiwan. The New York City Bar Association expressed “grave concern” and called on Beijing to “immediately release” those lawlessly detained, more than 20 of whom it cited by name. Read the rest of this entry »
Though controversial, the addition of ‘White House Fence Jumping’ and ‘Freestyle White House Barricade Jumping‘ events to Beijing’s 2022 Olympics is seen as an important effort to bring creativity and excitement to Olympic competition in the 21st century.
A full-scale model of the White House’s newly-erected barricades and pointy fences is being constructed in a top-secret location near Beijing. Government sources declined to comment.
— Financial Times (@FT) July 12, 2014
China Digital Times reports: As recent territorial tensions have led the relationship between China and Japan into a stalemate, how are the Chinese reacting to Tokyo’s successful bid to host the 2020 Olympics? A Global Times editorial sees the win as a “fresh chance” for Japan to undertake an overdue reflection on crimes committed during World War II: Read the rest of this entry »
The International Olympic Committee has selected Tokyo to host the 2020 Summer Games.
The Japanese city, considered a favorite to be chosen as host, prevailed over Istanbul in a second-round vote Saturday among IOC members gathered in Buenos Aires. Read the rest of this entry »