In the movie, I believe that they called it MacDowell's ... and I believe that investors are beginning to not believe McDonald's guidance.
See Penney's research note for the details, but seemingly America has voted here. Post a low quality earnings quarter, MCD is down another -2% today and breaking down through what I have as TRADE line support of $55.02/share. The TREND here remains broken altogether.
SBUX up +4% ahead of earnings that the Street disagrees with Penney on as well.
This man has Supersized Edge!
KM
