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TWM Today: Wall Street

|Includes: AABA, AAPL, IAC, McDonald's Corporation (MCD), NFLX
McDonald's Sales Rose in May, Helped by McCafe Drinks ~ McDonald's Corp (NYSE:MCD) says sales in U.S. restaurants open at least a year rose for the fourth month in a row because of an improving economy and successful products such as iced coffee drinks. Around the globe, sales in locations open at least a year rose 4.8 percent. That's considered a key measurement because it excludes stores that open or close during the year. McDonald's also said it will take a hit to its full-year profit because of the weak euro, which accounts for about 25 percent of its operating income. (NYSE:AP)

CollegeHumor Partners with PepsiCo's SoBe to Launch SoBe Studios ~ CollegeHumor, an operating business of IAC (IACI), today announced a new premium partnership with SoBe to launch SoBe Studios, a content factory that will produce a steady stream of brand-relevant videos for distribution across multiple media platforms, including TV and the Web. With more than 5 videos already launched and more in production, CollegeHumor and SoBe today also announced the upcoming premiere of a new three-part web series, "Mr. Vicarious," as a part of this collaboration. The latest campaign between the partners is "Mr. Vicarious," which will premiere on June 9, 2010. Featuring comedians Paul Scheer and Nick Kroll, the new series coincides with SoBe's redesign or "re-skin" of the SoBe Elixir and Tea bottles. Filmed at the South by Southwest festival in Austin, Texas, the comedians "re-skin" themselves and live vicariously through three actors dressed up as different characters, including a karate sensei, a massage therapist and a caricature. (NASDAQ:CBOE)

Bernanke Says Unemployment Unlikely to Fall Quickly ~ Federal Reserve Chairman Ben Bernanke said the U.S. recovery probably won’t quickly bring down the unemployment rate, which is likely to stay "high for a while.” Given the depth of the recession, the recovery is “moderate paced,” Bernanke said last night in a question-and- answer session with Sam Donaldson, the ABC News journalist, in Washington. In Europe, policy makers “are committed to avoiding default in Greece” and elsewhere, he said. While the Fed will raise interest rates from a record low before the economy returns to “full employment,” Bernanke said officials don’t know when that process will start. The banking system isn't fully healthy and lenders are “cautious” in providing credit, he said.  (Bloomberg)

Netflix Target Raised to $130 at Caris Following iPhone App Announcement  ~ Caris raises its Netflix (NASDAQ:NFLX) tgt to $130 from $120. Yesterday, at the AAPL developers conference, AAPL made official what it and many other NFLX bulls had been naturally anticipating ever since the launch of the Ipad 2 months ago - that a free NFLX app will be available for the Apple I-phone "this summer." With some 20mm I-phone units now circulating in the United States, firm is boosting numbers once again. (Briefing)

Yahoo, Facebook Getting Social Together Yahoo (YHOO) is becoming more social in its quest to attract more and longer site visits, and more revenue. The Web portal is stepping up its integration with Facebook, the No. 1 social networking site. It's making it easier for users to post or link items to Facebook from Yahoo sites, while also improving privacy controls. Over the next two weeks, Yahoo says it will give users the ability to access their Facebook accounts on 15 Yahoo sites, including its news, sports and e-mail sites. Users can share stories and other information from those pages with friends and other members of Facebook. Yahoo had limited integration with Facebook, but the new pact expands that relationship. "This is a very smart strategy," said Augie Ray, a Forrester Research analyst. Interlocking Facebook into Yahoo is a fast way for the portal to tap into the social media landscape, says Jim Stoneham, Yahoo's vice president of product management. He's in charge of the integration. "We think this is huge because it gets Yahoo in the middle of this whole social discovery phenomenon that is going on," he said. "It allows people to equally share what they are doing on Yahoo with the people who they care about on Facebook." (NYSEARCA:IBD)


Disclosure: Long NFLX