McDonald's (NYSE:MCD) Shares Jump on Stock Weakness, Japan Results

McDonald's (NYSE:MCD) is considered a buying opportunity from Deutsche Bank (NYSE:DB), which says the recent weakness of the stock the results from Japan will give it a boost.

Deutsche said, "MCD's Japan SSS recovered in Dec, posting the strongest result for the year, though continuing the trend of high volatility for this market. The Japan 2-yr was +9.7% in Dec vs. -7.4% in Nov. The strength in Japan points to some +modest (about 20bps) upside to our global Dec SSS, all else being equal. However, our Dec SSS forecast is unchanged for now at +5.6% globally (+5.0% US, +4.0% Europe, +7.0% Asia-Pac). MCD will report Dec sales results with 4Q10 earnings on Jan 24."

They added the recent "'mini-correction' in the shares, partly related to block trading activity, creates an "attractive buying opportunity for one of the highest quality stories in the sector."

Deutsche maintains a "Buy" on McDonalds, which was trading at $74.68, gaining $0.37, or 0.50 percent, as of 12:13 PM EST.