“Shares of Yum! Brands (NYSE:YUM) dropped 7.49 percent in pre-market trading. The parent company of Pizza Hut and KFC confirmed its full-year 2012 guidance of at least $3.24 per share. However, same-store sales in China
for the fourth quarter are expected to decline 4 percent, raising fears about long-term growth prospects.
Zynga (NASDAQ:ZNGA) shares plunged 8.78 percent today. Due to new agreements,Facebook (NASDAQ:FB) will no longer be prohibited from developing its own games, beginning March 31, 2013.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Apple (NASDAQ:AAPL) shares down 0.68 percent in pre-market trading today. The iPhone 5 has finally received a network access license in China, which will enable Apple to start selling its latest smartphone in its fastest growing market in December.
Shares of Groupon (NASDAQ:GRPN) declined nearly 5.29 percent in early morning trading. According to Bloomberg, chief executive officer Andrew Mason will not be replaced in the near-term. Earlier this week, reports indicated that some company directors felt that a change in management may be needed at the daily deals firm.”
