Midday movers: McDonald's, Yahoo, DreamWorks

Stocks are higher at despite disappointing home sales data and worse than expected results from the world's largest fast food chain.

By MSN Money Partner Jul 22, 2013 1:39PM
Corbis, SuperStockInformation provided by Theflyonthewall.com

McDonald's (MCD) shares slid over 2% after the company reported slightly weaker-than-expected second- quarter results. McDonald's did not provide a very upbeat outlook, either, as the company stated that it expects to see "relatively flat" global comparable sales for July and its sales for the rest of the year are likely to remain challenged. 

Activist investor Dan Loeb of Third Point and two other directors nominated by his hedge fund are leaving Yahoo's (YHOO) board after the fund agreed to sell 40M shares back to the company, cutting its stake to below 2%. Yahoo shares fell over 3% following the announcement. 

Among the notable gainers following their earnings reports were Federal-Mogul (FDML), up 23%, PetMed Express (PETS), up 11%, and Lennox (LII), up 3%. 

Among the noteworthy losers was DreamWorks Animation (DWA), which fell 7% after the company's "Turbo" film had a worse than expected opening in its North American launch last week. 

Also lower were shares of Activision Blizzard (ATVI), which dropped 3% after The Wall Street Journal said Vivendi's (VIVHY) board is expected to discuss plans today aimed at extracting over $3B from the separately listed gaming subsidiary through a special dividend. 
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

125
125 rated 1
264
264 rated 2
485
485 rated 3
679
679 rated 4
640
640 rated 5
617
617 rated 6
632
632 rated 7
493
493 rated 8
276
276 rated 9
153
153 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.