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0.00021157740573127 0.00265708248496301 0.00485528929775535 0.0111635932987666 0.00441564793519694 0.00326158935848085 0.00620169097059075 0.0157864222260691
Stock impact report

McDonald's next move may depend on one fast-food rival's stock [CNBC]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: CNBC
VIDEO3:5003:50What McDonald's same-store sales plunge means for other fast-food stocksIt may just be the key to the Golden Arches.""McDonald's announced Wednesday that its globalsame-store sales plunged 22%For anyone interested in fast-food stocks, "you really have to have the stomach to be able to withstand major volatility, and I don't think that volatility is over just yet," O'Hara said. "I brought a chart of because I think that's a good example of what we can expect going forward.""If you look at , the stock declined over 70% from its February highs to its March lows," he said. "As news started to slowly turn positive, it recovered, and that recovery was meaningful. It was up 130%."That recovery brought out of a trading range from $12.50 to $15.50, which has now become an area of support for the stock, O'Hara said."If we stay above it for , I think it has a good chance to retest 20," he said. "So, I think that, in essence, bodes well for McDonald's. So, if can hold its head up Show less Read more
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