More Videos
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Wal-Mart Price Pressure Hurts China Workers: Report
- Fannie Mae to Tighten Lending Standards: Report
- Great Britain, No Longer That Great: Investor
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Euro Shares Record Biggest Drop in 7 Months
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
RSS FEED
CNBC Stock Blog
Text Size 
McDonald’s has been on our “buy” list for more than five years, said David Palmer, senior restaurant analyst at UBS.
“They’re a good management team and they’ve upgraded their management along the way,” Palmer told CNBC.
The world's largest hamburger chain reported a higher quarterly profit on Wednesday, as global sales at established restaurants rose. The company announced that its April same-store sales are trending at least a strong or better than results compared to the first quarter.
“[McDonald’s earnings [MCD
Loading...
()
]] barely beat what we’d expected and what the Street was expecting,” Palmer told CNBC. He said the company was mostly hurt this quarter by the stronger dollar compared to the euro, ruble and the pound.
“It’s going to continue to hurt them near term, but things will probably get better in the second half of the year,” he said.
Disclosures:
David Palmer does not own any stocks from McDonald’s. However, UBS has received compensation from McDonald’s within the past 12 months.
___________________________
McDonald's Competitors Include:
- Burger King [BKC
Loading...
()
]
- Yum! Brands [YUM
Loading...
()
]
- Darden Restaurants [DRI
Loading...
()
]
- Starbucks [SBUX
Loading...
()
]
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes