McDonald's jumps on turnaround hopes; Coke pops; Facebook near high

Kathy Cherpelis

Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

McDonald's (MCD) shares are higher in early trading. CEO Steve Easterbrook saying the world's biggest fast-food chain is working on a turnaround plan and it will announce details May 4th. This after the company reports sales declined for the 6th consecutive quarter with drops in guest traffic across all regions including a 2.6% drop in the U.S.

Chipotle (CMG) shares are falling before the bell.  The burrito chain reporting earnings per share that topped analysts' estimates and although revenue rose more than 20% percent from a year earlier, it was still shy of estimates.  This as the company saw the slowest same-store sales growth in five quarters. Chipotle  also said supply woes have led to a shortage of carnitas which will hurt sales this year.

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Coca-Cola (KO) shares are getting a nice pop in early trading. The beverage and snack giant posting a beat on both its top and bottom lines in the first quarter. Sales rose 1% from a year earlier thanks to an uptick in beverage volume as declining Diet Coke sales were offset by solid performance across most its key brands, such as Coke Zero and Sprite.

Boeing (BA) shares are on the move in the pre-market. The aerospace company reporting a big earnings per share beat, while revenue fell slightly short of estimates. Sales were up 8% from a year earlier driven by strong growth in its commercial jet business.

Facebook (FB) shares closing in on its all time high of $86.07. The world's biggest social network is slated to report its quarterly results after the close of trading. Analysts are looking for earnings to rise 18% from a year earlier to $0.40 a share, while revenue is seen jumping 42% to $3.56. billion. Facebook has been monetizing mobile thanks to ads on smartphones and tablets.