Fast Food Stocks Lag Market Rally
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Fast food stocks are lagging in the market rally today, with shares of McDonald's (NYSE: MCD) trading up $1.60 (+1.64%) to $98.84, Wendy's (NYSE: WEN) at $5.07 up 0.04 (+0.80%), and YUM! Brands (NYSE: YUM) at $58.44 up $0.84 (+1.46%).
It should be noted that all three stocks are trading within a dollar of the respective 52-wk highs. Obviously, investors are moving money into underperforming sectors that may have been beaten down recently and offer more potential upside.
It should be noted that all three stocks are trading within a dollar of the respective 52-wk highs. Obviously, investors are moving money into underperforming sectors that may have been beaten down recently and offer more potential upside.
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