Apple's iPhone boost; Weight Watchers signs DJ Khaled; McDonald's named top pick

Reporter
Yahoo Finance

Welcome to the first trading day of 2018.

Shares of McDonald’s (MCD) are popping after Nomura named the fast-food chain its top 2018 U.S. restaurant stock pick. Analysts also raised their price target on the stock by $10 to to $190.

Weight Watchers (WTW) shares are surging over 5% today after the diet program appointed DJ Khaled as a social media ambassador. He joins the ranks of Oprah Winfrey, who is a board member and part-owner of the company.

Disney (DIS) received an upgrade to outperform at Macquarie. Shares are 1.7% higher as “Star Wars: The Last Jedi” became 2017’s highest-grossing movie.

Apple (AAPL) stock is getting a New Year’s boost. That’s after Wall Street analyst Piper Jaffray maintained an overweight rating and confirmed its expectation that 2018 iPhone sales will carry the stock higher to their $200 price target.

Rent-A-Center (RCII) shares are sinking after CEO Mark Speese announced his resignation amid the company’s plan to explore strategic options. Speese will be succeeded by former president Mitchell Fadel.

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