McDonald's continued its sharp rise, adding another 1.5% onto yesterday's big post earnings pop. Long time investors are popping champagne to celebrate MCD breaking out of a three year trading range. Not joining in that party are the critics of the stock, particularly the ones writing doomsday articles about the company of late - namely Business Insider - but, McDonald's isn't 'on its last days'.
What now for investors? I believe you must stand your ground here and not try to chase gains. Wait for a pullback. It always arrives.
Short term rating = HOLD
Long term rating = HOLD
What now for investors? I believe you must stand your ground here and not try to chase gains. Wait for a pullback. It always arrives.
Short term rating = HOLD
Long term rating = HOLD