McDonald’s To Offer BTS Meals Starting May 26
Gold Steadies Ahead Of Fed Meeting
Gold prices held steady on Tuesday as market participants looked for direction from a two-day policy meeting of the Federal Reserve starting later in the day.
Spot gold was little changed at $1,781.88 per ounce, while U.S. gold futures were up 0.1 percent at $1,781.40 per ounce.
Yields rose and the dollar strengthened for the first time in three days ahead of a $62 billion auction of 7-year notes later today.
No major policy changes are expected from the Fed’s two-day policy meeting ending on Wednesday, with investors likely to pay close attention to Chair Jerome Powell’s comments after the meeting.
Earlier today, the Bank of Japan maintained its massive stimulus and raised its growth forecasts for the world’s third-largest economy, citing expected stronger demand.
Elsewhere, Sweden’s central bank retained its key interest rate and the asset purchase program to support economic recovery and subdued inflation.
Raytheon Technologies Corporation Q1 adjusted earnings of $0.90 per share
Below are the earnings highlights for Raytheon Technologies Corporation (RTX):
-Earnings: $753 million in Q1 vs. -$83 million in the same period last year.
-EPS: $0.50 in Q1 vs. -$0.10 in the same period last year.
-Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.37 billion or $0.90 per share for the period.
-Revenue: $15.25 billion in Q1 vs. $11.36 billion in the same period last year.
Next quarter EPS guidance: $0.90 – $0.95
Next quarter revenue guidance: $15.5 – $16.0 Bln
Full year EPS guidance: $3.50 – $3.70
Full year revenue guidance: $63.9 – $65.4 Bln
DTE Energy Boosts FY21 Operating Earnings Outlook – Quick Facts
While reporting financial results for the first quarter on Tuesday, DTE Energy (DTE) reaffirmed its operating earnings guidance for the full-year 2021, based on the first quarter results.
For fiscal 2021, DTE Energy now continues to project operating earnings in a range of $6.88 to $7.26 per share.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.17 per share for the year. Analysts’ estimates typically exclude special items.
Oil Edges Higher In Range-bound Trade
Oil prices edged higher in range-bound trading on Tuesday after OPEC and its allies projected a strong recovery in global oil demand this year. The upside was capped by growing concerns about fuel demand.
Brent crude for July settlement rose 0.2 percent to $65.17 per barrel, while WTI crude futures for June settlement were up 0.2 percent at $62.05.
OPEC and its allies led by Russia will meet today to discuss production policy as downside risks mount amid concerns about new coronavirus spikes in countries like India, Brazil and Japan.
On Monday, OPEC+ kept its forecast for global oil demand growth for this year unchanged, projecting it to rise by 6 million barrels per day (bpd) for 2021 after the biggest ever fall of 9.5 million bpd due to the pandemic.
The OPEC+ joint technical committee (JTC) is concerned about the growing coronavirus case numbers in some substantial oil importers, Reuters quoted sources as saying.
India continues to report over 3 lakh new cases daily and more than 2000 deaths due to the virus, putting a strain on the medical infrastructure of the country.
Hasbro Q1 Adj. EPS Tops Estimates – Quick Facts
Toy and board game company Hasbro, Inc. (HAS) reported Monday net earnings attributable to Hasbro for the first quarter of $116.2 million or $0.84 per share, compared to a net loss of $69.7 million or $0.51 per share in the year-ago period.
Excluding items, adjusted earnings for the quarter were $1.00 per share. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts’ estimates typically exclude special items.
Net revenues for the quarter increased 1 percent to $1.11 billion from the year-ago period. Analysts expected revenues of $1.17 billion for the quarter.
The next quarterly cash dividend of $0.68 per common share is payable on May 17, 2021 to shareholders of record at the close of business on May 3, 2021.
MSCI Inc. Q1 adjusted earnings Beat Estimates
MSCI Inc. (MSCI) reported earnings for its first quarter that advanced from last year.
The company’s profit totaled $196.82 million, or $2.36 per share. This compares with $148.13 million, or $1.73 per share, in last year’s first quarter.
Excluding items, MSCI Inc. reported adjusted earnings of $205.53 million or $2.46 per share for the period.
Analysts had expected the company to earn $2.26 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 14.8% to $478.42 million from $416.78 million last year.
MSCI Inc. earnings at a glance:
-Earnings (Q1): $205.53 Mln. vs. $162.71 Mln. last year.
-EPS (Q1): $2.46 vs. $1.90 last year.
-Analysts Estimate: $2.26
-Revenue (Q1): $478.42 Mln vs. $416.78 Mln last year.
McDonald’s To Offer BTS Meals Starting May 26
McDonald’s is teaming with popular Korean pop band BTS to offer the BTS Meal at select restaurants across the United States, starting May 26.
The fast-food chain noted that the superstar band’s signature order includes a 10-piece Chicken McNuggets, medium Fries, medium Coke, as well as two new dipping sauces. For the first time ever in the U.S., the company is offering Sweet Chili and Cajun dipping sauces inspired by McDonald’s popular South Korea recipes.
U.S. customers will be able to order the BTS Meal in-restaurant, through contactless mobile order and pay in the McDonald’s App, at the Drive Thru or via McDelivery.
The BTS Meal will be available globally in nearly 50 countries over the next few months – for the first time since McDonald’s launched celebrity signature orders last year.
On May 26, the BTS Meal will also be available in Canada and Brazil. It will be available in the band’s home country on May 27.
The seven-member BTS is a well-known Korean band that has topped charts since 2013.
Morgan Flatley, Chief Marketing Officer, McDonald’s USA, said, “BTS truly lights up the world stage, uniting people across the globe through their music. We’re excited to bring customers even closer to their beloved band in a way only McDonald’s can – through our delicious food – when we introduce the BTS signature order on our menu next month.”