Article taken from: finance.yahoo.com
With Traffic Down and Stores Closed, is it Time to Buy McDonald’s Stock? Tezcan Gecgil More Source: 8th.creator / Shutterstock.com That decline compares to a 25% drop in the Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY ), which includes MCD as its third-largest holding at 7.39% of the portfolio, behind Amazon (NSADAQ: AMZN ) at a whopping 24.1% and Home Depot (NYSE: HD ) at 12% of the exchange-traded fund’s assets. […] For example, as of March 23, all McDonald’s stores in the U.K. and Republic of Ireland have been closed indefinitely. […] And shares of McDonald’s as well as its peers have been suffering in recent weeks. In March alone, both MCD and SBUX were down 15% while QSR and YUM shares were down about 28% and 23%, respectively.
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