McDonald's Trading Down 5%

Shares of blue-chip standout McDonald's MCD are on sale today after the company missed same-store sales estimates. McDonald's reported that restaurants open at least 13 months saw sales rise 3.5%, which compared to 4.9% in the year ago period and missed Wall Street expectations of 4.3%. U.S. sales were up 3.9%, which also missed estimates of 4.0%, while European sales gained only 2.7% compared to expectations for a rise of 4.7%. The stock is trading down a little more than 5% at $84.00 in Friday's trading session. This might be an attractive entry point in MCD, as it was clearly going to take some kind of bad news to get any kind of entry point in the shares, which have been on fire. The stock is up 12.94% in the last year, including a better than 11% gain in the last 6 months. MCD shares yield 2.91% at current levels.