Ticker Shock: Intel, 3M Get Stuck; McDonald's Still Delicious

Glenn Curtis  Dec 08, 2008 11:45 am

Ticker Shock: Intel, 3M Get Stuck; McDonald's Still Delicious
 
Monday's top stories and stocks with potential to move.
 

 
3M (MMM)
Slap a Post-It on your computer screen: 3M announced that it’s looking for $5.10 to $5.15 a share for the full year not counting items. And that’s an issue because it had been at $5.40 to $5.48. It also said it’s looking for 2009 earnings of $4.50 to $4.95. And that’s an issue because the analyst estimate I’m seeing is $5.31 a share.

Look - this isn’t great news. But at the same time, I think those are some decent numbers for a stock that trades under $60. Overall I’m still a bull even though I think the shares could take a bit of a licking today.

McDonald's (MCD)
Sometimes it seems like these guys aren’t even playing the same game as the rest of us. On this utterly bitter New York morning, Mickey D’s released its November comp-store sales numbers.

Its global comps were up 7.7%.

I think that this was a good number. Plus, with the larger market looking like it’s going to rock, I think shares will have the wind at their back and close higher on the day. In the dining space, I still think this is the place to be.

Have a great day!
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