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UnknownUnicorn1020621
Aug 11, 2019 1:12 AM

MCD: Are we rotating to Food and Telecom? Long

McDonald's CorporationNYSE

Description

Fundamentals: Restaurants business is going crazy. That makes sense because where there are people there is going to be a need for food. Also looking for a trade opportunity in SBUX (Alpha: Their overvalued coffee and sandwiches) CMG (who doesn't love Ackman and "Mexican food").

Technicals: Monthly breakout on restaurant and telecom stocks.

Comment

Possible short below the support.
Comments
SugarMuffin
SBUX is expanding heavily into China. They will have plenty of future growth. I say this as someone who personally is not fond of their product.
Bullandbeartrading
Great long set up!
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