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McDonald's (MCD) drops on weak November sales

MCD logoMcDonald's (MCD - option chain) stock is trading lower today after the company said its net sales rose 0.7 percent in November. However, US same-store sales fell 0.6 percent during the month, the second straight monthly decline and only the fourth in the past 6 and a half years. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on MCD.

This morning, MCD opened at $60.45. So far today the stock has hit a high of $60.91 and a low of $60.04. As of 12:10, MCD is trading at $60.73, down $1.20 (-1.9%). The chart for MCD looks bullish and S&P gives MCD a positive 4 STARS (out of 5) buy ranking.

Continue reading McDonald's (MCD) drops on weak November sales

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DJIA-74.9212,454.83
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Last updated: May 28, 2012: 08:33 PM

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