Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 14, 2012

Article Excerpt

Wall Street Stock Forecaster Hotline. Friday, December 14, 2012 Dear client, MCDONALD’S CORP., $88.88, New York symbol MCD, continues to benefit from strong demand for its $1 menu items, such as breakfast sandwiches and coffee. New premium items are also boosting its sales. In November 2012, the company’s same-store sales rose 2.4%. That easily beat the consensus estimate of a 0.2% increase. Most of these gains came from the U.S., where same-store sales rose 2.5%. In Europe, same-store sales rose 1.4% as gains in the U.K. and Russia offset weakness in Germany. Asian same-store sales rose 0.6%; a strong increase in Australia offset lower sales in Japan. McDonald’s is a buy. McDonald’s Corp. was recently covered in the November 2012 issue of Wall Street Stock Forecaster. Click here to access it. McDonald’s Corp. was recently covered in the Wall Street Stock Forecaster Hotline for September 14, 2012. Click here to access it. 3M COMPANY, $92.28, New York symbol MMM, makes over 55,000 consumer and industrial products, including Post-it notes,…