NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at McDonald's (MCD) and its comparable-store sales for the month of May.
Comp-store sales fell 1% in the U.S., rose 0.4% in Europe and jumped 2.5% in Asia.
Cramer was quick to point out that shares of Yum Brands (YUM) continue to move higher and higher. Could this be because of China? McDonald's sales in Asia suggest that perhaps it is.
Furthermore, Bernstein suggested that sales for General Mills (GIS) and Kellogg (K) are taking a hit because more people are going out to eat in the morning. Cramer looked at Taco Bell's new breakfast line-up as a possible culprit, as well as IHOP, a brand owned by DineEquity (DIN).
"If McDonald's is coming back in China, Yum is going to break out," he concluded. "The chart, by the way, looks magnificent."
-- Written by Bret Kenwell in Petoskey, Mich.