Business & Tech
The SJC 25 Stock Report, April 22, '12
Beetle juice in Starbucks offerings, a French fry tasting and all sorts of other treats this week from Wall Street.
Editor's Note – In this feature, we check on the health of the Fortune 500 Companies that have a presence in San Juan Capistrano.
Stocks were up a bit this week despite shares in Apple plunging 4.5 percent two weeks ago and another 5.3 percent this week.
The Dow Jones Industrial Average was up 1.4 percent on the week, while the S&P 500 was up .60 percent
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Yum Brands Inc. (Taco Bell, KFC), closed Friday hitting a 52-week high. TJX Cos. Inc. (Marshall's) and Ross Stores Inc., also hit a 52-week highs this week, according to Fox Business.
Earnings reports: Yum Brands, yeah them again, announced its first-quarter results, and they were, well, yummy. Earnings grew 73 percent because of strong overseas and a rebounding Taco Bell business in the U.S., according to Businessweek. That explains the 52-week high.
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Marriott International Inc. also beat the street by a penny and set a new 52-week high before retreating a bit. See a trend here?
Big winners for the week were Radio Shack Corp. and Marriott International Inc. Losers this week for the SJC Patch 25, Starbucks Corp. and Rite Aid Corp.
Some News Briefs for You
Starbucks announced it would no longer use bug extract to tint food red. You read that .
State regulators approved a $66 million budget for San Diego Gas & Electric, a Sempra Energy company, to spend on convincing customers on the ways of conservation. The money covers two years, from 2012-14, according to the Wall Street Journal.
Closer to home, SDG&E revealed this week that will replace a 1918 structure at the utility's substation in San Juan Capistrano.
PetSmart Inc. is helping one town in Arizona convert dog poop to energy for park lighting. That's interesting!
And if you've got time for a Sunday read, this article from Bloomberg makes a great one. It's all about McDonald's Corp. and a French fry-tasting, and yes, I mean it's like a wine-tasting event.
CompanyTicker
Close Friday% Change
on the Week
Bank of America BAC 8.36-3.69
Big Lots BIG 45.87 +0.79 Chevron CVX 102.52 +1.73 Citigroup C 33.89 +1.44 ConocoPhillips COP 72.88 -1.02 Costco COST 87.58 +1.46 Dollar Tree DLTR 99.55 +3.68 FedEx FDX 89.67 +1.64 JP Morgan Chase JPM 42.72 -1.13 The Kroger Co. (Ralphs) KR 23.25 -1.11 Marriott MAR 38.90 +4.26 McDonald's MCD 95.94 -1.06 PetSmart PETM 56.76 +0.48 Quest Diagnostics DGX 58.54 +0.97 RadioShack RSH 6.23 +4.71 Rite Aid RAD 1.55 -6.63 Ross Stores ROST 60.03 +1.64 Safeway (Vons) SWY 22.09 +4.25 Sempra Energy (SDG&E) SRE 64.51 +3.40 Staples SPLS 15.65 +0.80 Starbucks SBUX 59.16 -4.07 The TJX Cos. (Marshalls) TJX 41.02 +3.01 United Parcel Service UPS 80.27 +0.89 Wells Fargo WFC 33.00 +0.49 Yum! Brands (KFC, Taco Bell) YUM 73.93 +1.47– Financial data provided by Google Finance
Full Disclosure: My husband works for Marriott International.
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