Market Overview

Chipotle Surges On Upbeat Results; Harley-Davidson Shares Slide

Chipotle Surges On Upbeat Results; Harley-Davidson Shares Slide

Midway through trading Tuesday, the Dow traded up 0.40 percent to 17,119.45 while the NASDAQ surged 0.81 percent to 4,460.60. The S&P also rose, gaining 0.57 percent to 1,984.78.

Leading and Lagging Sectors

Tuesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Healthstream (NASDAQ: HSTM) and Herbalife (NYSE: HLF).

In trading on Tuesday, non-cyclical consumer goods & services shares rose by just 0.22 percent. Top decliners in the sector included The Fresh Market (NASDAQ: TFM), down 3.3 percent, and The Coca-Cola Company (NYSE: KO), off 2.9 percent.

Top Headline

McDonald's (NYSE: MCD) reported weaker-than-expected profit for the second quarter.

McDonald's posted a quarterly profit of $1.39 billion, or $1.40 per share, versus a year-ago profit of $1.4 billion, or $1.38 per share.

Its revenue gained 1% to $7.18 billion. However, analysts were projecting earnings of $1.44 per share on revenue of $7.29 billion.

Equities Trading UP

Healthstream (NASDAQ: HSTM) shares shot up 18.88 percent to $26.45 after the company reported better-than-expected Q2 results.

Shares of Chipotle Mexican Grill (NYSE: CMG) got a boost, shooting up 12.61 percent to $664.33 after the company reported stronger-than-expected Q2 results.

CIT Group (NYSE: CIT) shares were also up, gaining 11.79 percent to $49.13 after the company announced the results of its second quarter, but also announced the acquisition of OneWest Bank for $3.4 billion.

Equities Trading DOWN

Shares of New Oriental Education & Technology Group (NYSE: EDU) were down 12.52 percent to $21.17 after the company issued a downbeat Q1 revenue forecast.

Del Frisco's Restaurant Group (NASDAQ: DFRG) shares tumbled 14.15 percent to $21.66 after the company reported downbeat Q2 results and lowered its FY14 earnings forecast.

Harley-Davidson (NYSE: HOG) was down, falling 6.20 percent to $62.92 after the company cut its motorcycle shipments forecast for the full year. However, the company reported upbeat quarterly earnings.


In commodity news, oil traded up 0.17 percent to $104.77, while gold traded down 0.55 percent to $1,308.30.

Silver traded down 0.10 percent Tuesday to $20.99, while copper rose 0.38 percent to $3.21.


European shares were higher today. The eurozone’s STOXX 600 jumped 1.35 percent, the Spanish Ibex Index climbed 1.69 percent, while Italy’s FTSE MIB Index rose 2.16 percent. Meanwhile, the German DAX gained 1.24 percent and the French CAC 40 climbed 1.50 percent while UK shares rose 1.02 percent.


The ICSC–Goldman Sachs store sales index declined 0.4% in the week ended Saturday versus the earlier week.

The consumer price index rose 0.3% in June, versus a 0.4% growth in May.

US house prices increased 0.4% in May, according to the Federal Housing Finance Agency. House prices rose 5.5% y/y in May.

Sales of existing homes rose 2.6% to an annual rate of 5.04 million in June. However, economists were projecting a rate of 5 million in June.

The Johnson Redbook same-store sales index dropped 0.3% in the first two weeks of July versus June.

The Richmond Fed manufacturing index rose to 7.00 in July, versus a prior reading of 3.00. However, economists were expecting a reading of 5.00.


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