Market Minute: McDonald's Tests Family Meals; Apple to Debut New iPhones

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McDonald's tries out a new family plan, and Apple investors prepare for the big rollout. Those stocks and more are what's in Tuesday's Market Minute.

The Dow Jones industrial average (^DJI) rallied 140 points Monday, moving back above 15,000. The Standard & Poor's 500 index (^GPSC) gained 16 and the Nasdaq composite index (^IXIC) jumped 46 points. The Nasdaq is at its highest level in 13 years, but still more than 16 percent below its all-time high.

McDonalds, next door to traditional pub - London, Greater London, England
Getty Images/Lonely Planet Images
A key measure of McDonald's (MCD) sales rose nearly two percent last month, topping expectations due to surprisingly strong results in Europe. Meanwhile, McDonald's is testing out a boxed meal designed for several hungry people. It includes two Quarter Pounders with cheese, two medium fries and 10 Chicken McNuggets. A trade publication says it's being tried out in the Kansas City area.

Shares of Apple (AAPL) have jumped more than 10 percent in the past month, in the run-up to today's media event. The company is expected to unveil two new iPhones, including a lower cost version aimed at opening up the saturated smartphone market to whole new set of potential buyers. But some investors are concerned the recent run-up in the stock price could lead to some selling after the news comes out. Apple moved back above $500 a share yesterday.

Verizon (VZ) is planning to finance a big chunk of its $130 billion acquisition of the part of Verizon Wireless owned by Vodaphone (VOD) by issuing bonds. By some estimates, it could be the largest corporate bond deal ever.

And that's not the only big corporate bond deal on tap. Tenet Healthcare (THC) reportedly plans to issue $4.6 billion in bond to help finance its purchase of Vanguard Health Systems (VHS).

Pep Boys-Manny, Moe & Jack (PBY) might be in need of a tune-up. The auto-care company says its earnings tumbled by 84 percent from a year ago. But shares of discount retailer Five Below (FIVE) are set to rally after posting a better-than-expected quarterly profit.

-Produced by Drew Trachtenberg.


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8 Comments

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welcome butch

IT DOES NOT MATTER WHAT THEY SELL ?
IF THEY DONT CHANGE THEIR SERVICE AND BEING RUDE AT THE COUNTER , YOUR ORDERS ARE SHORTED , NO NAPKINS , NO CUP HOLDERS , WHEN YOU GET TO BIG YOU FORGET THE PEOPLE THAT PUT YOU THERE

September 10 2013 at 1:55 PM Report abuse rate up rate down Reply
Dave

The people I know, including myself, who go to McDonalds are not looking for a 15 dollar \"deal\". They are showing growth off of the dollar menu. That should tell their marketing people something.

September 10 2013 at 1:08 PM Report abuse -1 rate up rate down Reply
gary65l

The box probably tastes better.

September 10 2013 at 11:27 AM Report abuse -1 rate up rate down Reply
joycegoeh

"Family Meal"? What that "family" needs to do is to participate in meal planning, shop for non-sugar-, non-fat-saturated groceries, and cook healthful food. Marketing in this fashion to a "family" is MCD's way of saying "come and get it" --- it will be individuals who buy this garbage, not a real family who cares about its members.

September 10 2013 at 10:24 AM Report abuse rate up rate down Reply
jrd000000001

"Meanwhile, McDonald's is testing out a boxed meal designed for several hungry people. It includes two Quarter Pounders with cheese, two medium fries and 10 Chicken McNuggets. "

Several people? Not in America. That is a meal for 1 for tons of Americans.

September 10 2013 at 10:05 AM Report abuse +1 rate up rate down Reply
1 reply to jrd000000001's comment
fairytwo4

Exactly my thought.

September 10 2013 at 10:40 AM Report abuse +1 rate up rate down Reply
sindfetish

Yea lets give THE WHOLE family heart disease. Horrible. That amount of $ can buy a good amount of healthy groceries.

September 10 2013 at 10:00 AM Report abuse +1 rate up rate down Reply
Bill

How much saturated fat can they fit in one box? Probably charge $1 an ounce for their garbage.

September 10 2013 at 9:26 AM Report abuse +1 rate up rate down Reply