Yum Brands Celebrates The Year of the Horse
NEW YORK (TheStreet) -Investors are cheering an up day on Wall Street, after a volatile January and start to February, on the heel of disappointing macro data, including emerging market worries.
The just-celebrated Chinese new year is bringing with it volatility. And, after all, the Year of the Horse is supposed to bring conflicts and disasters, according to Hong Kong's practitioners of the ancient art of feng shui. But, they say, the market should turn higher nonetheless.
Of course, we don't analyze stocks based off of the lunar new year. And key for the markets will be Friday's employment report in the US. But we are looking at incremental data from individual companies.
One positive China data point that helped the market to some degree today? The one from Yum Brands
Yum Brands remains well positioned, and while it ran almost 9% today to $72, it is still off its recent highs of $78... and it has more catalysts than McDonald's
--Written by Nicole Urken in New York.
>Contact by Email.