I haven't looked too much into it but basically their earnings report showed decline across the board.
Might need to take a deeper look into it to see if it really effects the fundamentals.
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Just bought a few shares at just over $91. I acknowledge the bad report, the bad press, and the negative sentiment surrounding the company right now. MCD is a global juggernaut, and I don't view its current ills as an existential threat. I see them as an opportunity to get in at a better price, and I am confident that they'll get the ship turned around in the next few years and grow earnings again.
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Oh My, Had an alert set for 91.00 and it hit while i was sleeping, by the time i woke,,, it was up.
Maybe next hit.
Bummer.
You can set a limit order for 91 or if you are planning on buying multiples of 100 shares than you can sell a short-term put with a strike or 91.
I usually stick to selling the puts on my regular trading account and buying at market value on my IRA account (not trying to time anything in my IRA because I only do $1000 per transaction there).
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I've owned a few shares of MCD for a few years now. I have an order to pick them up at 88.00.
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Interesting to see MCD not getting slaughtered more this morning. "Priced in" I suppose.
. MCD weight 6% of my portfolio at the moment.
