McDonald's (MCD +0.3%) continues to ride into a "perfect storm" of negatives in the U.S., Europe, and Asia - warns Valuentum Securities equity chief Brian Nelson.
He sees the same pressure which drove global comps lower in Q3 leading to another slide in Q4 and into 2015 as any re-imaging efforts take time to implement.
The fast-food chain is losing U.S. customers to fast-casual superstars on the premium end of its menu, while feeling promotional pressure from burger peers on the lower end.
What to watch: Some retail analysts have suggested the company should follow the lead of Buffalo Wild Wings and attempt to be a brand incubator for new concepts. It's an idea that worked very well for shareholders who held on to Chipotle (+1354.3%) since it spun off from McDonald's.
NBCU top exec Steve Burke says the company is considering doling out some of its sports programming to USA Network. Presumably, the move would help in carriage fee negotiations.
There's some candid talk on the pressure NBCU will have to maintain the same level of cable ratings due to time-shifted viewing trends.
Burke sounded unconcerned with plans by CBS and HBO to launch a streaming service. In the case of HBO, he sees a delicate balancing act for HBO in preventing cannibalization. There are no announced plans for a competing service from NBC at the moment.
Comcast (CMCSA +3.4%) had more success selling two-product bundles (no voice) than the triple-play option during the quarter.
The merger with Time Warner Cable is expected to close in the early part of 2015.
Nike (NKE +1%) CEO Mark Parker hinted at a continued partnership with Apple in the wearable technology market during an interview with Bloomberg TV. The tight relationship between the two companies in the fitness category goes back to 2006.
A fashion show in NYC yesterday highlighted the company's deepening commitment to women's activewear. One big takeaway from the affair was the number of well-known designers coming over to work for the Swoosh.
Nike is still hoping it's a Lebron 12 Christmas, despite the delayed global launch of the basketball shoe. James has been wearing the shoes in NBA exhibition action, and unlike last year with the 11s, he's not replacing them at halftime. The product will be available for customization in youth and adult size on Nike's website.