Hot Wings Get Even Hotter
The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Matt Argersinger dissect the hardest-hitting investing stories of the day.
Second-quarter profits for Buffalo Wild Wings rose 41%. The restaurant company was helped by the fact that wholesale prices for chicken wings are down 15% from a year ago. In our lead story on Investor Beat, Jason and Matt examine how CEO Sally Smith executed a challenging new pricing strategy and whether investors should be jumping into shares at the current price.
Also, our analysts look at four stocks that made big moves on Wednesday's market. SodaStream's second-quarter profit rose 36%. Consumer spending on MasterCard's credit and debit cards rose nearly 12%. Facebook briefly got back to its IPO price, while Herbalife has a new billionaire shareholder.
Finally, Jason and Matt each pick a stock they'll be watching very closely in the week ahead.
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The article Hot Wings Get Even Hotter originally appeared on Fool.com.Chris Hill owns shares of Whole Foods Market. Jason Moser has no position in any stocks mentioned. Fool contributor Matthew Argersinger owns shares of MercadoLibre. The Motley Fool recommends Buffalo Wild Wings, Facebook, MasterCard, MercadoLibre, SodaStream, and Whole Foods Market. It owns shares of Buffalo Wild Wings, Facebook, MasterCard, MercadoLibre, SodaStream, and Whole Foods Market and has the following options: long January 2014 $50 calls on Herbalife Ltd.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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