soared to all-time highs last week on the back of earnings reports that topped expectations.
The runup has the Street divided. Some say there's more upside — some say valuations now look stretched. In addition to a favorable economic backdrop, Chiavarone says that these fast-food giants are "helping" themselves by focusing on digital initiatives aimed at attracting and maintaining a younger and loyal following.
On the flip side, Blue Line Futures' Bill Baruch says investors shouldn't chase these stocks around all-time highs. "There's a lot of momentum," he said, but he's staying "cautious," saying investors shouldn't buy these stocks simply "because of fear of missing out."
TradingNation AlohaJosie see? I’ve been telling you about Mc Donald’s for awhile 😂