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McDonald's Corp. (MCD): Cover Short. They don't all work out. McDonald's shares, first recommended on June 26, 2009, at a price of $57.00, have broken out of a trading range and recently pierced psychological resistance at $60. The fast food sector's U.S. fundamentals still don't look that strong, but emerging markets will offset the aforementioned, if the global economy continues to strengthen, as expected.
There is a chance for further stock price erosion short-term, but the risk/return is not favorable; hence, the call is to cover the short here and take the roughly $3 loss.
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Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
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