StockCall.com Provides Stock Research on McDonald's Corp., Buffalo Wild Wings Inc., Texas Roadhouse Inc., and Jamba Inc.
New York City, New York -- (May 02, 2013)
Earlier this week, a report showed that confidence among U.S. consumers rose sharply in April. However, Wednesday’s disappointing ADP jobs report may hurt consumer confidence. All eyes are now set on Friday’s crucial jobs report for the month of April. If the April non-farm payrolls data falls short of expectations, then U.S. consumers are likely to scale back their spending, especially on discretionary items. This would have a negative impact on restaurant operators such as McDonald’s Corporation (NYSE: MCD), Buffalo Wild Wings (NASDAQ: BWLD), Texas Roadhouse Inc. (NASDAQ: TXRH), and Jamba Inc. (NASDAQ: JMBA). Shares of restaurant companies ended mostly lower in Wednesday’s trading as the broad market struggled following some disappointing economic data. StockCall free coverage on MCD, BWLD, TXRH, and JMBA is available upon registration at
Shares of McDonald’s Corporation ended lower in trading on Wednesday. The stock traded between $101.33 and $102.44 before finishing the day 0.74% lower at $101.38 on volume of 2.72 million. Despite the pullback yesterday, McDonald’s shares have gained nearly 0.50% so far this week. The stock has outperformed the broad market so far in 2013, gaining nearly 15.90% as compared to a gain of nearly 11% for the S&P 500. However, technical indicators suggest that market sentiment has turned bearish on the stock recently. Download the free technical research on MCD by signing up at
www.StockCall.com/MCD050213.pdf
Shares of Buffalo Wild Wings ended sharply lower in yesterday’s trading session, tracking losses in the broad market. The stock closed 1.11% lower at $88.99 on above average volume of 931,500. Buffalo Wild Wings’ shares have struggled this week, falling nearly 6.40%. Despite the losses, the stock is up more than 22.20% for the year. The stock’s MACD has just crossed below the signal line which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. Register now and get access to the free analysis on BWLD at
www.StockCall.com/BWLD050213.pdf
Another restaurant stock that fell sharply on Wednesday was Texas Roadhouse Inc. Shares of Louisville, Kentucky-based company ended the day 2.51% lower at $22.91 on above average volume of 1.62 million even as it reported a sharp rise in its first quarter profit. Despite the sharp decline yesterday, the company’s shares have gained nearly 8.80% this week. The stock is currently trading well above its 50-day and 200-day moving averages which is a bullish signal. The stock’s MACD is also trading well above the signal line and the zero-line further confirming the positive trend. Year-to-date, shares of TXRH have gained nearly 37.20%. Sign up and read the complimentary report on TXRH at
www.StockCall.com/TXRH050213.pdf
Shares of Jamba Inc. fluctuated between gains and losses on Wednesday before finishing the day flat at $2.66 on above average volume of 1.12 million. The company’s shares have fallen more than 2.50% this week. Despite the pullback, the stock is trading close to its 52-week high of $3.07. The stock has outperformed the broad market this year, gaining 18.75%. Shares of JMBA, however, have slipped below their 50-day moving average recently which is a bearish signal. The stock’s MACD has also slipped below the signal line, further confirming the negative trend. The free report on JMBA can be downloaded by signing up now at
www.StockCall.com/JMBA050213.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
Contact Person:
William T. Knight
Email: [email protected]
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)