We officially made it to Q4 of 2020!
To celebrate, I’m breaking my diet with a good old McDonald’s Big Mac.
But I also thought I’d see what all the fuss is about since McDonald’s (MCD) is today’s Chart of the Week!
And while the burger is solid, and the fries are a little too salty for my tastes, the stock is exactly what I like — profitable with as little risk as possible.
So long as MCD is above the $220 level, we are buying it.
If we’re above $220, we are long in MCD with a price target of $280.
That’s an almost 30% return with almost non-existent risk.
Til next week, good trading,
The Elephant in the (5G) Room
Now is a time when it pays to heed timeless financial wisdom.
John Templeton, one of the world’s greatest investors, once said, “To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the greatest ultimate rewards.”