TODAY'S CHARTS: McDonald's Dollar Menu gets love on Wall Street; Toll Brothers' problem with millennials

Justine Underhill
·Reporter

Shares of Toll Brothers (TOL) are sliding after reporting profits and revenue that missed expectations. The luxury home builder also forecast a decline in gross margins for 2018, in part because the company is targeting millennials with lower priced homes. Toll Brothers stock is still up nearly 50% for the year.

Autozone (AZO) shares are rising after it posted an earnings and revenue beat and same-store sales increase of 2.3% in the quarter. The auto-parts retailer is still down for the year by about 8%.

McDonald’s (MCD) is bringing back the Dollar Menu and getting some love from Wall Street. Analysts at Jefferies upgraded shares to buy and hiked their price target to $200. Jefferies said McDonald’s “use of data and technology … should attract a higher multiple over time, while leading to higher returns.”

Regal Entertainment Group (RGC) shares are surging on an announcement Cineworld will acquire the theater chain for $23 per share in a deal valued at $5.8B. The price represents an 11% premium to Monday’s close.

Shares of Twenty-First Century Fox (FOXA) are up slightly on a CNBC report that Disney (DIS) could be closing in on a deal to buy Fox’s studio assets, Fox Networks, A&E and other properties.