McDonad's stock (MCD) is not having much trouble coping with the current recession after posting impressive same-store sales for both its restaurants in the United States and abroad.
The news only continues to reflect McDonald's dominance for fast food that suits millions of visitors low cost taste buds.
From today's MarketWatch:
Oak Brook, Ill.-based McDonald's (MCD) said that global same-store sales -- sales at outlets open at least a year -- rose by 7.1% in January.
In the U.S., same-store sales for January rose 5.4% on the back of the company's value menu and breakfast offerings.
McDonald's stock has performed really well given the market conditions. Currently it is trading in a nice horizontal channel that could break to the upside any day now. An accumulation day volume close above $60 should easily open the stock for a move back to $64, or about 6 - 7% total. As of this post MCD is trading at about $59.30.
Another great way to look at McDonald's is to compare it to the Dow Jones. Investors with MCD in their portfolios have seen a far safer investment than some of other stocks.
Source:
McDonald's same-store sales up 7.1% for January
William Spain
MarketWatch.com, February 9th, 2009
