McDonald's's most recent trend suggests a bullish bias. One trading opportunity on McDonald's is a Bull Put Spread using a strike $210.00 short put and a strike $205.00 long put offers a potential 34.41% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock dropped below the $205.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for McDonald's is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for McDonald's is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for McDonald's
Internal McDonald's Investigation Deepens After CEO Firing: Report
Wed, 26 Aug 2020 15:27:29 +0000
Mcdonald's Corp's (NYSE: MCD) investigation into ex-CEO Steve Easterbrook's conduct has taken a turn amid fresh allegations of a cover-up, The Wall Street Journal reported Tuesday. What Happened: McDonald's is suing its former CEO, alleging that Easterbrook wasn't fully truthful with the board when the two sides negotiated an exit package.In the latest developments, former McDonald's managers told WSJ they believe human resource leaders ignored complaints about the conduct of other executives and co-workers.Some of the sources said they feared retaliation for informing McDonald's human resources of potential misconduct.Why It's Important: Easterbrook personally appointed David Fairhust as McDonald's global chief people officer within months of his appointment as CEO, according to WSJ.Fairhust was reportedly quick to introduce changes, including allowing less employee feedback about concerns.Fairhust himself is also alleged to have made inappropriate physical contact with employees during a holiday party where workers were excessively drinking, sources told WSJ.Former managers and employees also told the newspaper hat those who decided not to partake in after-hours social circles were overlooked for advancement opportunities in human resources and other departments.What's Next: McDonald's fired Fairhust with cause after Easterbrook's dismissal. His replacement, Heidi Capozzi, is reviewing policies that Easterbrook and Fairhust put into place, including how McDonald's evaluates employee concerns."Our board and CEO are committed to leading with integrity," McDonald's told WSJ in a statement. "We will continue to make changes, where necessary, to support all parts of our organization."MCD Price Action: McDonald's shares were trading 0.24% higher at $213.16 at last check Wednesday. Related Links:Institutional Investor Says McDonald's Lawsuit Against Ex-CEO Shows Failure By BoardMcDonald's Suing Former CEO Puts All Executives On NoticePhoto courtesy of McDonald's. See more from Benzinga * Restaurant Roundup: Domino's Launches First New Pizza In Years, McDonald's And Papa John's Double Down On Chicken Trend * Happy National Potato Day, Benzinga Fans * Institutional Investor Says McDonald's Lawsuit Against Ex-CEO Shows Failure By Board(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
McDonald’s misconduct investigation extends beyond ousted CEO Easterbrook
Wed, 26 Aug 2020 14:46:00 +0000
An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year.
McDonald's launching Spicy Chicken McNuggets in the fall
Wed, 26 Aug 2020 14:26:00 +0000
McDonald's Corp. will add a little heat to its menu this fall with new Spicy Chicken McNuggets and an accompanying Mighty Hot Sauce. The items will be available on a limited basis starting September 16. Spicy Chicken McNuggets are made with both cayenne and chili peppers, while the Mighty Hot Sauce has chili pepper and a crushed red pepper blend. This is the first new sauce flavor since 2017 and the first new variation on the McNugget since they launched in 1983. Also coming on September 16 for a limited time is the Chips Ahoy McFlurry. Oreo and M&M McFlurry flavors are available all year. McDonald's stock has gained 7.8% for the year to date while the Dow Jones Industrial Average is down 1.1% for the period.
Tesla and Apple have had a great run — here’s why they’re poised to ‘rocket’ even higher in the next year
Wed, 26 Aug 2020 14:14:00 +0000
Much of the buzz on Wall Street these days focuses on the idea that value is making a comeback. Tech stocks are running out of steam, can’t go on forever, time for new leadership, etc. But two recent stock splits suggest otherwise.
McDonald's Probing Additional Internal Cover-Ups by Former CEO
Wed, 26 Aug 2020 13:39:00 +0000
McDonald's is now looking into whether former CEO Steve Easterbrook directed the cover up of improprieties by other McDonald's employees.
Related Posts
Also on Market Tamer…
Follow Us on Facebook