Separating 'Facts' From 'Guidance'
People need a thesis, and they grab at any thesis to make a capital commitment. At the opening today we saw buyers rush into McDonald's (MCD) despite very tepid guidance. Why? Because it was down a lot last year and because the printed number, the number reported, was indeed better than expected.
Here's the deal: I don't think it is enough that a stock is behind the market or that it just beats numbers....236 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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