Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 24, 2020

Article Excerpt

YUM CHINA HOLDINGS INC., $44.25, New York symbol YUMC, remains a buy for long-term gains. The stock lets investors tap China’s largest fast-food operator, with 8,700 outlets, mainly under the KFC and Pizza Hut banners. Yum China was a wholly owned business of Yum Brands (New York symbol YUM) until November 1, 2016. That’s when the parent company spun it off. With the split, investors received one share of Yum China for each Yum Brands share they held. They won’t have to pay capital gains tax on those shares until they sell them. The stock fell 11% this week in response to the flu-like coronavirus outbreak in the Chinese city of Wuhan. As a result, authorities in China have now imposed new travel restrictions inside the country. That could hurt customer traffic at Yum China’s restaurants, but the quick response should help contain the spread of the virus. Yum China Holdings recent coverage: Hotline for January 10, 2020 December 2019 issue TEXAS INSTRUMENTS INC., $130.52, Nasdaq…