McDonald's Receives Bearish Reaction to Latest Earnings

Filed under: Earnings Reports, McDonald's (MCD), Yum Brands (YUM), Wendy's Intl (WEN), Burger King Hldgs (BKC)

McDonald's Corporation (MCD) was down roughly 2% as I began composing this piece during the afternoon session. I hope investors weren't paying attention to the bears who were in control of the fast-food giant's shares. To me, the stock seems to be in good shape, and in the kind of trading climate we're in, it could be a useful instrument for the cautious player.



I'm seeing a quote of around $70 go by on my screen. Not bad in the least, considering that the 52-week high is $71.84. It shows the kind of resilience the stock possesses. Indeed, considering how many equities have pulled back from their 52-week highs, you've got to enjoy this element of the story.

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McDonald's Receives Bearish Reaction to Latest Earnings originally appeared on BloggingStocks on Fri, 23 Jul 2010 17:30:00 EST. Please see our terms for use of feeds.

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