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

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.

Scroll to continue with content

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.

What to Read Next