McDonald's released earnings before the bell this morning that beat analysts estimates on both the top and bottom line - reporting revenue of 6.62 Billion and income of 1.40 a share, handily over the estimates of 6.4 Billion and 1.27 that had been expected.
Shares have popped dramatically at the open of trading - as much as 8 percent, while settling a bit - currently trading at 109.8, up 7%. The recent spate of articles predicting the company's demise seem to have been a tad premature.
What now for investors? Is it too late to invest?
In a word - yes. The big move happened. Don't try to catch it now.
This is a stock that just two months ago bottomed near 90 after the stock market flash crash, if you didn't get in then, just tip your cap and move on.
Short term rating = HOLD
Long term rating = HOLD
Shares have popped dramatically at the open of trading - as much as 8 percent, while settling a bit - currently trading at 109.8, up 7%. The recent spate of articles predicting the company's demise seem to have been a tad premature.
What now for investors? Is it too late to invest?
In a word - yes. The big move happened. Don't try to catch it now.
This is a stock that just two months ago bottomed near 90 after the stock market flash crash, if you didn't get in then, just tip your cap and move on.
Short term rating = HOLD
Long term rating = HOLD