That's one thing McD has going for it, you can count on them being open when you are up. Unlike "nice sit-down restaurants". It's not the first choice, but often times it's the only choice. Of course you have to wait until 10:30 for burgers... Weekly chart shows 16 straight green candlesticks.
There is a higher likelihood MCD is in a 4th wave corrective move and we have one more push higher (5th wave). Let's see how we break out!
On the road for the last 60 days and visited 60 different McDonald's in LA. All the restrooms are clean, even in bad neighborhoods, A+. MCD stores are modern and food quality top notch, stock is worth every penny.
This goes up $30 in 3 months and then drops $4 and you panic? its freaking Mcds...watch this thing split 2 for 1 in the next year. IMO
A lot of buying before earnings going to run up hit $170s now - they know earnings will be awesome this quarter.
Wanted to talk about prices, after reading this BBC article (http://www.bbc.com/capital/story/20180222-how-can-a-fast-food-chain-ever-make-money-from-a-1-burger). They say the way McD makes money on their "dollar" menu is by selling a ton of those items. Ridiculous, this writer and the economist quoted should be fired. “McDonald’s will make money selling burgers for a buck if it can make the burger for less than $1 and sell lots and lots of burgers,” says Smith, a university professor who is supposed to specialize in the economoics of fast food, and doesn't know WTF is going on... McD has gotten very pricy. That "dollar" menu is advertised, but here's the secret: you don't get to buy those things. Because the trick is McD always changes that menu up. You go in one day to get the "2 for $3" (yep, not a real dollar menu) McDouble and like it, so you go back the next week and that special is gone. That's the big secret to McD. You don't like the new menu and end up buying other burgers...the burger prices that you DON'T hear about in ads. Those are over $5 here (maybe in middle America you can still get the Big Mac under $5). The Filet-o-Fish is a shade cheaper, but that's a less substantial sandwich. And the fries are $3, but you never hear that in the ads. It's a $10 meal, even with $1 drinks. And yes, you HAVE to get fries with your burger lol. tl;dr Don't ask me to go to McD. I'm all about Taco Bell. You don't have to buy fries to complete a meal, so you just buy exactly what you want to eat. Even the sodas, since Taco Bell is owned by Pepsico they don't do any cheapo tactics like watering the drinks down. It's funny to say this, but Taco Bell cares relatively more about the quality of their sodas, whereas other places are trying to stretch their supply of Coke out.
What is everyone's thought on McDonald's at current valuations? Might be a good global stock during a recessionary environment. https://millionairemob.com/mcdonalds-stock-dividend/
People will always eat at McDonalds. Personally I think ~$170 would be a good entry if it can get there in the next week or two.
A reminder that the Monopoly game is starting soon, at least in the UK. https://www.thedailybeast.com/how-an-ex-cop-rigged-mcdonalds-monopoly-game-and-stole-millions https://www.bbc.com/news/uk-47601307 (United Kingdom) A McDonald's Monopoly campaign which sees customers given the chance to win prizes including food is a "danger to public health", says MP Tom Watson. He said the fast food giant should drop the annual competition, which starts this week, saying it encouraged people to order more. It comes as the government considers banning junk food adverts on TV before 9pm to tackle childhood obesity.
McDonald’s shares have twice come close to the level of 200, but each time they fell from 190. This third attempt the stochastics are already close to level 80, which means there is no potential for an upward movement. I think that this time the quotes will turn down near the 200 mark. Weekly
