Stocks like this get me excited every time I see them…
In a choppy market ahead of a holiday weekend, it is imperative to identify trade opportunities which could make you money in both green and red markets.
It’s part of how I woke up to this yesterday…
There’s one stock out there which is up 114% in a three-month period which is rumored to soon be doing business with this company right here.
Hint: Will Big Macs soon be vegan?
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|LK||Luckin Coffee Inc.||Restaurants||-54.00%||41,860,594|
|EAT||Brinker International, Inc.||Restaurants||-22.33%||3,806,197|
|DRI||Darden Restaurants, Inc.||Restaurants||-13.55%||3,574,597|
|PLAY||Dave & Buster’s Entertainment Inc||Restaurants||-46.14%||11,989,232|
|NDLS||Noodles & Co||Restaurants||-4.96%||427,664|
|BLMN||Bloomin’ Brands Inc||Restaurants||-24.48%||4,390,674|
|DPZ||Domino’s Pizza, Inc.||Restaurants||-3.61%||743,302|
|CMG||Chipotle Mexican Grill, Inc.||Restaurants||1.03%||457,871|
|DNKN||Dunkin Brands Group Inc||Restaurants||-4.92%||974,127|
|MYT||Urban Tea Inc||Restaurants||-3.70%||991,785|
|LOCO||El Pollo LoCo Holdings Inc||Restaurants||-2.64%||362,804|
|CAKE||Cheesecake Factory Inc||Restaurants||-14.40%||4,469,399|
|SHAK||Shake Shack Inc||Restaurants||-11.08%||1,401,670|
|RRGB||Red Robin Gourmet Burgers, Inc.||Restaurants||-66.96%||1,286,981|
|CBRL||Cracker Barrel Old Country Store, Inc.||Restaurants||-13.23%||690,082|
|PZZA||Papa John’s Int’l, Inc.||Restaurants||-1.22%||825,565|
|QSR||Restaurant Brands International Inc||Restaurants||-5.78%||2,655,702|
If a couple years ago I told you that you may soon be able to go to McDonalds (NYSE: MCD) and order a fake-meat Big Mac, would you have believed me?
Well, that’s exactly what McDonalds and Beyond Meat (NYSE: BYND) are working on putting together for select McDonalds locations right now. McDonalds locations historically get an ample amount of traffic, but don’t have an appealing vegetarian or vegan friendly option on their menu.
If they can partner with Beyond Meat to successfully put together a vegetarian or vegan product which their customers buy, their demand will increase, and they’ll make more money as a company.
While their first round of testing a vegetarian or vegan product was not successful, any experienced business owners can tell you that mistakes happen and not everything will be perfect on attempt #1.
Should a second-go at producing one or multiple vegetarian and/or vegan products in a collaboration between Beyond Meat and McDonalds be successful, I believe both companies will sell more of their products and see a surge in investor and customer demand.
While the financial catalyst surrounding McDonalds right now is interesting, so is the chart in the eyes of an experienced trader.
As of right now McDonalds is stacked with overhead resistance at about $185/share. Above that level and I’ll keep an eye on bullish opportunities.
While many shy away from red markets or ignore stocks which go down, sometimes I make more money in red markets than in green markets, so of course I have a bearish trading plan on McDonalds as well.
Below its 50-day simple moving average line (red line above), if markets and MCD make a move to the downside, I’ll simply look into short-term bearish opportunities, and likely collect all available profits before the closing bell.
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.