McDonalds is hitting a new all time high almost every market day. Over the past 20 trading sessions MCD has closed higher in 14 of them.
In any case Newsweek makes the classic newbie stock trading mistake by assuming this news is not already priced into MCD stock value. It has been for some time.
For broader perspective and comparison within the industry:
McDonalds is hitting a new all time high almost every market day. Over the past 20 trading sessions MCD has closed higher in 14 of them.
In any case Newsweek makes the classic newbie stock trading mistake by assuming this news is not already priced into MCD stock value. It has been for some time.
For broader perspective and comparison within the industry:
McDonalds: -0.53%
Chipotle: +0.52%
Yum (Taco Bell, KFC, Pizza Hut): -0.2%
Cava: +0.72%
Dominos: +0.57%
WIngstop: -0.61%
Shake Shak: -0.05%
Wendys: -2.23%
Jack In The Box: -0.7%
Papa Johns: -0.16%
Krispy Kreme: -1.04%
Looks like normal daily variances to me.
Of course, they probably think stocks only go up unless there's some catastrophe.