In a new report, Deutsche Bank analyst Karen Short discussed why McDonald’s Corporation MCD 0.48% is still in the early stages of its turnaround story.
McDonald’s stock is up 13 percent in an extremely weak market since its Q3 earnings, and Short believes that the positive numbers the company showed last quarter are a sign that a prolonged period of strong sales has already begun.
Looking Into McDonald’s Future
According to Short, Deutsche Bank expects that McDonald’s will report strong Q4 domestic same-store sales (SSS) growth in the 3.0–4.0 percent range on January 25.
“The combination of the menu refinement and execution efforts from earlier in 2015 along with the introduction of all day breakfast could serve to drive some U.S. SSS upside vs consensus of +2.6 percent,” she explained.
While Short has…
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!