Market Update Report 4/18/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Friday, April 18:

Markets are closed in honor of Good Friday.

Nike was granted more than 540 patents by the U.S. Patent and Trademark Office in 2013, up 60% from 340 in 2012, according to Macquarie analyst Laurent Vasilescu, who upgraded the stock to outperform from neutral last week. The total number of patents granted to Nike has risen an average of 14% every year since 2000.

Fast-food chain Chipotle Mexican Grill said yesterday that it would raise prices “somewhere in the mid-single digits” beginning this quarter to offset higher food costs. And it won’t be just the burritos or burgers consumed at restaurants that will cost more – beef in the grocery store is also pricier. In March, retail ground beef prices climbed 2.2% and steak prices 2.6%, according to March CPI data released Tuesday; that’s compared with 0.4% for food overall. The data shows that urban consumers paid an average of nearly $3.70 per pound for 100% ground beef. Don Close, a cattle economist with Rabo AgriFinance says he thinks prices this year could rise 7% to 8% and roughly the same amount in 2015.





Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://blogs.marketwatch.com/behindthestorefront/2014/04/17/nike-was-awarded-540-patents-in-2013-heres-what-that-means-for-investors/
http://www.marketwatch.com/story/tomorrows-hamburger-may-cost-as-much-as-todays-steak-2014-02-20



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