Arcos Dorados Holding (ARCO) is continuing its major breakout today in the face of this down market. After shifting between losses and gains, ARCO is now decidedly higher by almost 3%. Had you bought back when I recommended at $26 you'd be up a cool 16% right now! Keep your eye on this one because $30 a share is right around the corner.
Update: ARCO only ended the day up 1%, but given today's market decline you have to be impressed. (Especially when it's franchiser McDonald's was down almost 5%.)
This is not a recommendation to buy or sell any securities. DAK was long ARCO at time of publication but positions can change at anytime.
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