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.
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.
Apps That Manage Your Money For You
Market Minute: McDonald's Tests Family Meals; Apple to Debut New iPhones
Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?
This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.
If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.
If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.
Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.
Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.
Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.