Investing Ideas

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All-American stock #1: McDonald's (MCD)

07-04-2009

From: BloggingStocks

Leading off is one of the very symbols of U.S. capitalism, McDonald's (NYSE: MCD). You can't get much more American than MickeyD's.

The irony is that McDonald's strength recently has been due to its expansion in foreign markets.

There are currently more than 30,000 restaurants in 120 countries. Less than half of the restaurants are located in the United States. McDonald's has been doing especially well lately, thanks to the recession.

Last quarter, McDonald's beat Wall Street's earnings estimate by a penny a share, 83 cents to 82 cents. That was their 10th straight quarterly earnings beat. The shares have been pulling back for the past few weeks, making now a perfect time to add MCD to your portfolio.

The next earnings report is scheduled for July 23, and I expect to see more good results. The weak dollar should especially help McDonald's bottom line.