Discussion in 'Stocks' started by wxkid23, Oct 19, 2005.

  1. wxkid23


    Interested in others opinions about MCD upcoming Q3 earnings tomorrow morning.

    MCD reported they expected to beat Q3 estimates about a week back.. which has led to at least one analyst upgrade I have heard of at UBS to $43. Recently, MCD recent Q2 earnings beat by a large margin. Despite higher gas sales, MCD seems to be running full steam.

    Most notably, MCD Europe sales which have long been lagging were up over 6% in September and over 5% for Q3. If Europe is really picking up and earnings don't dissapoint, my opinion is that MCD may actually get out of it's rut and break $35-36 in the coming weeks.