More Videos
- More Upside if S&P Passes This Number: Market Pro
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- Why are Options Bullish on This Smartphone Maker?
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- 3 Hot Mid-Cap Stock Picks: Portfolio Manager
- 'Nice Opportunities' in Health Care Sector: Stock Picker
- Stocks To Play With Health Reform: Analysts
- 4 Tech Stocks For This Holiday Season: Analyst
MOST SHARED
- Bear Stearn Fund Managers Not Guilty on All Counts
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- Fighting The Flu Vaccine Critics
- Hottest Zip Codes for Home Prices
- Oil Tomorrow
- Nov. 10: Unusual Volume Leaders
- Bair: Reserve Fund For Dismantling Must Be Set Up
- Commodity ETFs: Returns May Not Always Match Expectations
- A Squeeze on Customers Ahead of New Rules
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH STARBUCKS CEO HOWARD SCHULTZ TODAY ON "CLOSING BELL"
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- The Lloyd's Prayer
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- Three Things the US Can Do To Stop the Dollar's Decline
- Bear Stearn Fund Managers Not Guilty on All Counts
- Commodity ETFs: Returns May Not Match Expectations
- Dodd's Proposed Super Bank Cop Faces Tough Battle
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- Housing: 'Shadow Inventory' Dwarfs Loan Modifications
- Home Prices Decline Further In Most Parts of US
- UBS Faces Roadblock in Poaching More BofA Talent
- Ponzi Proceeds: Bidding on Madoff's Toys
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