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McDonald's (MCD) says global same-store sales rose 2.4% in November, ahead of estimates calling...

McDonald's (MCD) says global same-store sales rose 2.4% in November, ahead of estimates calling for a more modest pace of 0.4%. Sales in the U.S. grew at a 2.5% clip, while Europe was up 1.4%. Continued weakness in Japan helped drag down Asia/Pacific, Middle East and Africa growth to 0.6%. MCD +2.8% premarket.
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Comments (13)
  • Zachary Richards
    , contributor
    Comments (21) | Send Message
     
    Finally an increase in sales! Long MCD.
    10 Dec 2012, 08:49 AM Reply Like
  • divinecomedy
    , contributor
    Comments (463) | Send Message
     
    Must be all those burgers I ate during my trip to China 3 weeks ago.
    10 Dec 2012, 08:53 AM Reply Like
  • chopchop0
    , contributor
    Comments (4137) | Send Message
     
    Guess the extended drop into the 80s was a good add point
    10 Dec 2012, 08:57 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5839) | Send Message
     
    (MCD) is like a guaranteed 30% annual yield. http://yhoo.it/113BzlR;c=
    10 Dec 2012, 10:00 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (276) | Send Message
     
    Interesting how MCD 'taps' $90 then heads down in the first 1/2 hour of trading today. Appears that 90 may be overhead resistance.
    10 Dec 2012, 10:01 AM Reply Like
  • zoralsurgeon
    , contributor
    Comments (290) | Send Message
     
    Agree $90 may be a new resistance for MCD's. At least until some Cliff decision is made
    10 Dec 2012, 10:16 AM Reply Like
  • Casey Hoerth
    , contributor
    Comments (2169) | Send Message
     
    This is really good news. McDonald's is my second biggest holding.
    10 Dec 2012, 10:20 AM Reply Like
  • zoralsurgeon
    , contributor
    Comments (290) | Send Message
     
    Casey... I'm a new investor and will be adding my first for holdings soon. I was planning on adding MCD this week and was actually hoping for some "not so good news" to get a better entry point. If you were entering MCD now what would you think is a good entry point? I wanted to get it around 85-86
    10 Dec 2012, 10:31 AM Reply Like
  • Casey Hoerth
    , contributor
    Comments (2169) | Send Message
     
    Hi surgeon! 85-86 is a fine entry point. I actually added some when it first dropped to 86 back in June. I also bought some for my parents and my brother in the 85s.

     

    The dividend will provide a good floor and it now looks we have some kind of technical low... not that I'm a chart expert. Just been in this stock since '08 and know it well.
    10 Dec 2012, 10:34 AM Reply Like
  • zoralsurgeon
    , contributor
    Comments (290) | Send Message
     
    Thanks. I hate buying on an up day, sort of goes against the investment philosophy I am trying to start but I'm hoping MCD being up .86% won't matter years from now in my portfolio :) Maybe it will trace back down some this afternoon.
    10 Dec 2012, 10:51 AM Reply Like
  • bamarocket
    , contributor
    Comments (45) | Send Message
     
    Hi Surgeon,
    If you are buying for a very long term hold, then entry price, plus or minus a $1 or so won't matter very much. In this market, I expect this bump to fade and an entry around $88 - $88.5 could be coming soon.
    I sold MCD Jan $85 puts last week for $0.65. So, I'll either add to my position or just collect some premium.

     

    If they fix the cliff, you'll miss out for now.

     

    Roll Tide!
    10 Dec 2012, 11:21 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5839) | Send Message
     
    They will fix the cliff.
    10 Dec 2012, 12:31 PM Reply Like
  • tomlos
    , contributor
    Comments (1233) | Send Message
     
    Great.. For everyone knocking this company, here's your sign. This team and company is nearly bulletproof. Long MCD.
    10 Dec 2012, 06:22 PM Reply Like
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