MCD lives on people liking what they eat and eating a lot of it. The Happy Meal is famous. into the business model comes the new wave biologics for obesity and diabetes. the shots that cut down the weight and the food addiction. Insurance companies are jumping on the bandwagon. 1/3 of the people eat half the food. Increasingly, those people are...
CMG has announced a split. Makes sense to make shares more affordable but fractionals are widely available. CMG may be fundamentally challenged by the underpinnings of the fast food markets. that is overeating and rising prices. In the meanwhile the anti-obesity and anti- diabetes trends are pushing hard led by the bological injectable meds from LLY, NVO...
BYND had it surge in the post Covid months. As seen on the weekly chart, multiple touches of the supply / resistance zone occurred in the range of $160-180 per share. Price is now at 5-10% of the highs and at the multi-year lows. Volume is weak. The RSI swing indicator has given a buy signal but I am skeptical. BYND is heavily shorted and sellers have...
Red Robin Gourmet Burgers (RRBG) has carved out a bottom inside an old demand zone, and is now heading into a mid-term supply zone. If it clears 33.66'ish, it has potential to clear the mid 30's. If it does, expect a great long opportunity. If it does not, it may become a great short.