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January sales posts

Is the McDonald's Slump Ending?

Posted Feb 8th 2011 1:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, International Markets, Good news, McDonald's (MCD), Options, Technical Analysis

McDonald's (MCD - option chain) shares are rising today after the company announced this morning that its January same-store sales rose 5.3% worldwide, while US same-store sales rose 3.1%. Analysts were expecting sales to rise 4.5%. MCD cited January snowstorms for the disappointing US performance, but super strong performance in Europe, up 7%, is offsetting the weaker US. This stock has been in a bit of a downward slide over the past month or so, but today's data and the stock's reaction could signal a change in fortunes. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MCD.

MCD opened this morning at $74.37. So far today the stock has hit a low of $74.20 and a high of $75.97. As of 12:00, MCD is trading at $75.70 up $2.25 (3.0%). The chart for MCD looks neutral and S&P gives MCD a neutral 3 STARS (out of 5) hold ranking.

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Retail sales make surprising jump in January

Posted Feb 12th 2009 10:20AM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Good news, Products and Services, Market Matters, Money and Finance Today, Economic Data

After a long six months of watching retail sales continue to slip, we get a bit of good news today, as January retail sales actually moved a bit higher.

Before today's announcement, analysts had been expecting that January would be the seventh straight month of falling retail sales, and the consensus was that we would see around 0.8% in the month. The good news is that retail sales were indeed higher in January, with a reported 1% jump during the month.

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