Nike releases self-tying shoes; Skechers shares soar; McDonald's near deal for China assets

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Skechers (SKX) – Buckingham Research upgraded the shoe seller to buy from neutral and boosted its price target by 48% to $31 per share. The firm said it was impressed by Skechers’ new products displayed at the Fashion Association of New York trade show.

McDonald’s (MCD) – The Financial Times is reporting that private equity firm Carlyle Group and Chinese conglomerate Citic Group Cop is close to a deal to buy McDonald’s Corp’s locations in China and Hong Kong. The deal would be worth up to $3 billion.

Nike (NKE) – Shoppers will be able to get their hands on Nike’s new self-tying sneaker. The new HyperAdapt sneakers comes with a price tag of $720 and are exclusively sold on the Nike+ app and at its new retail store in New York City.

General Motors (GM) – The US auto giant reported sales gains across all brands in the US in November. Retail sales rose 7.9% during the month to 197,609 units, driven by a 16% jump in Buick sales and a 15% increase in Cadillac sales.

Apple (AAPL) – The tech giant is planning to use drones in order to improve its mapping capabilities, according to Bloomberg. Apple currently drives vehicles around the country to collect information for its maps.

Kroger (KR) – The company reported mixed third-quarter earnings, reporting earnings per share of 41 cents on revenue of $26.56 billion. Kroger also affirmed its long-term EPS growth target of 8% to 11%.