LONDON, April 2, 2013 /PRNewswire/ --
Despite the expiration of payroll tax cuts at the start of the year, retail sales have risen in the first two months of 2013. This suggests that consumer confidence remains strong. Consumer confidence has been boosted by a significant improvement in the labor market. If the labor market continues to improve then a rise in consumer spending can be expected. This should benefit restaurant companies such as McDonald's Corporation (NYSE: MCD), Yum! Brands Inc. (NYSE: YUM), Jamba Inc. (NASDAQ: JMBA), and Texas Roadhouse Inc. (NASDAQ: TXRH). On Monday, restaurant stocks ended mostly lower, tracking losses in the broad market, which fell on the back of disappointing ISM manufacturing data. StockCall initiated free in-depth technical analysis on MCD, YUM, JMBA, and TXRH which are currently available upon sign up at
http://www.stockcall.com/research
Shares of McDonald's Corporation edged lower on Monday. The stock ended the day 0.64% lower at $99.05 after touching an intra-day high of $99.68. McDonald's shares are currently trading close to their 52-week high of $99.78. The stock has been facing stiff resistance at around $100. The company's shares have outperformed the S&P 500 so far in 2013, gaining more than 13%. The stock's MACD, however, indicates that market sentiment has turned bearish. Its shares currently have support at around $98. Sign up for the free technical analysis on MCD at
http://www.StockCall.com/MCD040213.pdf
Shares of Yum! Brands Inc. fell sharply on Monday, reversing most of its gains from previous trading sessions. The stock ended the day 1.07% lower at $71.17 after touching an intra-day low of $71.07. The restaurant chain company's shares are currently trading 4.30% below their 52-week high. The stock had an excellent run in March, gaining nearly 10%. The stock's 50-day moving average has just crossed above the 200-day moving average, forming a "golden cross". The stock's MACD is also trading above the signal line and the zero-line. Download the free report on YUM by registering at
http://www.StockCall.com/YUM040213.pdf
Despite the pullback in the broad market, shares of Jamba Inc. rose sharply yesterday. The stock touched an intra-day high of $2.89 before finishing the day 1.40% higher at $2.89. Jamba's shares have now gained more than 2% in the last three sessions. Recent volume activity suggests that market sentiment has turned bullish on the company. The stock is now approaching $3 resistance level. Its shares are trading above their 50-day and 200-day moving averages. The stock has gained more than 29% so far in 2013, outperforming the S&P 500, which gained more than 9.50%. The free report on JMBA can be downloaded by signing up now at
http://www.StockCall.com/JMBA040213.pdf
Texas Roadhouse Inc.'s shares fell sharply on Monday. The stock fell to an intra-day low of $19.82 before paring some of the losses to finish the day 1.24% lower at $19.94. Its shares are currently trading close to their 52-week high of $20.43. The stock has had an excellent run so far in 2013, gaining more than 19%. However, the stock's MACD has just crossed below the signal line, which is a bearish signal. The stock has also slipped below $20 support level. Shares of the company are still trading above their 50-day and 200-day moving averages. Free report on TXRH can be accessed by registering at
http://www.StockCall.com/TXRH040213.pdf
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