Some of the Biggest Names Going Down

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By abarnett on July 22, 2014 Consumer Staples

On Thursday, the earnings for AutoNation, Inc. (NYSE:AN), one of the most prominent auto dealers of the U.S. plummeted 6.12%, which was significantly lesser than their calculations. Joseph Amaturo, who is from the Buckingham Research Group, has stated that he was not thrilled and almost disappointed at the outcome of the earnings of AutoNation (NYSE:AN) and commented on how he thought the company was not widening its share in the new-vehicle market. He also commented on how it was popularly thought and expected that other automakers, for instance General Motors Co. would improve the sales for AutoNation (NYSE:AN), but this proved unfruitful.

Yum! Brands, Inc. (NYSE:YUM) had a 5.88% fall, which came as a bit of a shock for them but was due to its collapse during the second quarter of the year. The descent was recorded to be because of their Pizza Hut restaurants. Yum! Brands, Inc. (NYSE:YUM) has had a significant 19% rise in income, which now equals to $334 million or 73 cents or one share. This is higher than what it was last year, which was $281 million or 61 cents per share. This was what about 22 analysts had predicted; some had even gone to a higher value of 81 cents. The revenue for the company was a gain of 10% to $3.2 billion, which was slightly less than the value they had expected which was $3.24 billion.

Previously, there had been some big announcements related to Elbit Imaging Ltd (NASDAQ:EMITF) regarding their plan also known as the ‘Plan’ for refurbishing their Plaza, the ‘Plan’ has recently been approved by Dutch Court. The Plan was supported and accepted by 92% of the creditors who thought re-doing the Plaza would be a great idea. Elbit Imaging Ltd (NASDAQ:EMITF) is going to have their annual meeting with the shareholders at their company office; the meeting is to be held on Thursday, August 14^th at 11.00am according to Israel timings and important matters concerning the Company shall be discussed.

In recent times, Elbit Imaging Ltd (NASDAQ:EMITF) has revealed that there shall be an addition to their board of directors and will take over as soon as possible. These new inclusions include David Dekel, Mr. Ron Hadassi, Shlomi Kelsi, Mr. Yaov Kfir and Nadav Livni will accompany the previously appointed members Sarig Shalhav & Messrs Marco Habib Wichers to constitute a board of directors’ team consisting of seven members.

Barbie, once the favorite of all little girls and a fashion icon for many teen girls, is now being faced with some problems. Mattel, Inc. (NASDAQ:MAT), the makers of Barbie, have recently had their sales diminishing a heavy 6.48% due to which, consequently, earnings are depreciating as well. The profits and revenue are less than what was predicted by the market.

The U.S. and European Union now have hard and firm rules set against Russia, and Yandex NV (NASDAQ:YNDX), unfortunately, got sacrificed. The President of the United States, Barack Obama has himself declared these rules concerning Russian banks as well as energy companies due to their strong military support for Ukraine and its separatists.