Aug 17, 2023
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What do Wall Street analysts think about top fast food stocks? We use analyst target price estimates and ratings to get a view of the Street's opinions on MCD, YUM, CMG, QSR & WEN.
4 Trade Ideas for Yum Brands - Bonus Idea
Yum Brands, $YUM, started higher off of a bottom in March. It continued in an Impulse Wave higher to a top at the 200 day SMA in June. After a Corrective Wave lower, it found support at a higher low later in the month. It has consolidated in an ascending triangle since. Friday it broke to the upside, giving a target to at least 111. It is a few days away from printing a Golden Cross and has the RSI rising in the bullish zone. The MACD is crossed up and lifting as price rides the Bollinger Bands® as the open higher.
There is resistance at 97.75 and 101.50 then 105.25 and 107.50. Support lower comes at 95.15 and 92.50 then 90.50 and 88.50 before 85.50. Short interest is low at 1.2%. The stock pays a dividend with an annual yield of 1.96% and begins trading ex-dividend on Tuesday. The company is expected to report earnings next on October 28th.
Options expiring this week have the largest open interest at the 93 put strike and then from 95 to 96 on the call side. For September, the 90 put has the biggest open interest with the call side smaller and focused at 95. In the October chain 90 is still the biggest open interest on the put side with it spread from 95 to 105 on the call side. The November options are the first to cover the next earnings report. They show open interest spread from 80 to 90 on the put side and from 95 to 110 on the call side.
Yum Brands, Ticker: $YUM
Trade Idea 1: Buy the stock on a move over 97 with a stop at 94.50.
Trade Idea 2: Buy the stock on a move over 97 and add a September 95/90 Put Spread ($1.65) while selling the September 100 Calls (60 cents).
Trade Idea 3: Buy the September/November 100 Call Calendar ($3.10) and sell the October 90 Put ($1.55).
Trade Idea 4: Buy November 100/110 Call Spread ($2.30) and sell the November 90 Puts ($2.30).
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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the August options expiration in the past, sees equity markets showed some divergence, with the small caps moving lower while the S&P 500 and Nasdaq 100 set all-time highs.
Elsewhere look for Gold to continue to consolidate in the uptrend while Crude Oil slowly drifts higher in consolidation. The US Dollar Index pauses in consolidation while US Treasuries consolidate in their uptrend. The Shanghai Composite looks to consolidate over support while Emerging Markets consolidate in their uptrend.
The Volatility Index looks to continue the slow drift lower making the path easier for equity markets to the upside. Their charts are mixed though, with the SPY and QQQ looking strong on both timeframe. The IWM is building a bull flag on the shorter timeframe and showing a reversal on the longer chart. Use this information as you prepare for the coming week and trad’em well.
5 Trade Ideas for Monday: Apple, BlackRock, Monster, Vulcan Materials and YUM
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Apple, Ticker: $AAPL
Apple, $AAPL, moved out of a short consolidation at the end of September and ran to a top 2 weeks ago. It pulled back and then reversed quickly. It is sitting at the prior high with a RSI that has pulled back from overbought and a MACD that is leveling as it pulls back as well. Look for a push through resistance to participate…..
BlackRock, Ticker: $BLK
BlackRock, $BLK, ended a move up off of the December 2018 low at the start of May. It pulled back from there and then reversed to retest the high. A pullback again, this time to a slightly lower low, also reversed and pushed to a higher high in November. It has consolidated since with the RSI in the bullish zone and the MACD working slightly lower. Look for renewed push higher to participate…..
Monster Beverage, Ticker: $MNST
Monster Beverage, $MNST, has been in a rut, moving sideways since an August drop. Last week it made a slightly higher high with the RSI in the bullish zone and the MACD positive and rising. Look for continuation to participate higher…..
Vulcan Materials, Ticker: $VMC
Vulcan Materials, $VMC, had a long strong run higher from a December low to a top in September. Since then it pulled back into early November and then found support. It has moved higher since with a RSI moving back towards the bullish zone and the MACD rising toward positive. Look for continuation to participate….
YUM Brands, Ticker: $YUM
YUM Brands, $YUM, made a double top in September and started lower. It gapped down at the end of October and shortly after found support. It held there until last week when it turned back higher. The RSI is rising and near the mid line with the MACD moving higher but still negative. Look for continuation to participate…..
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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with one month left in the decade saw equity markets continuing to show strength.
Elsewhere look for Gold to continue its pullback while Crude Oil remains in broad consolidation. The US Dollar Index looks to continue to drift to the upside while US Treasuries continue to channel lower. The Shanghai Composite looks to drift lower as well with Emerging Markets in broad consolidation.
Volatility looks to remain very low keeping the bias to upside for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ look to continue to print new all-time highs while the IWM has joined the uptrend and looks to start to play catch up. Use this information as you prepare for the coming week and trad’em well.
5 Trade Ideas for Monday: Abbott Labs, Danaher, Alphabet, Visa and YUM Brands
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Abbott Labs, Ticker: $ABT
Abbott Labs, $ABT, rose out of consolidation in June and ran to a top at the back end of July. It pulled back from there to find support in mid-August. Now it is moving higher with the RSI rising through the mid line and then MACD crossed up and about to turn positive. Look for a continued push higher to participate…..
Danaher, Ticker: $DHR
Danaher, $DHR, ran from a December low to a high at the beginning of July. Since then it has been consolidating. Friday saw it push back to that high with the RSI rising into the bullish zone and the MACD moving to positive. Look for a push to a new high to participate…..
Alphabet, Ticker: $GOOGL
Alphabet, $GOOGL, made a high at the end of April and then immediately gapped lower. It found support after a second gap down at the beginning of June and started higher. A third gap, this time to the upside, sold off until it was closed and then the stock consolidated. Last week it started to lift out of that consolidation. The RSI is holding in the bullish zone with the MACD crossing up and positive. Look for continuation to participate…..
Visa, Ticker: $V
Visa, $V, had a strong run higher form a December low to a peak in July. Since then it pulled back and now has slowly retraced the drop. Now it is at making a new all-time high with the RSI rising in the bullish zone and the MACD moving up. Look for continuation to participate…..
YUM Brands, Ticker: $YUM
YUM Brands, $YUM, rose out of a drifting consolidation in March and continued to an April top. It retraced to the 50 day SMA and then started a move that took it to the August high. It has consolidated since and Friday moved back to the high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a new high to participate….
After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the first week of September in the book, saw equity markets making a resurgence.
Elsewhere look for Gold to pause in its uptrend while Crude Oil slowly drifts lower. The US Dollar Index is also drifting, but to the upside while US Treasuries pullback in their uptrend. The Shanghai Composite and Emerging Markets have both reversed to the upside and look to continue higher.
Volatility has eased and looks to remain very low changing the bias to higher for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ both broke ranges to issue buy signals while the IWM continues to churn in a wide consolidation. Use this information as you prepare for the coming week and trad’em well.
4 Trade Ideas for Yum Brands: Bonus Idea
Yum Brands, $YUM, broke higher out of consolidation in April and moved to a new all-time high at the end of the month. It gapped down to start May and drifted lower to support at the 50 day SMA. It held there, moving sideways against resistance for 3 weeks. Last week it ended by pushing over that resistance. The chart shows the RSI making a higher high as it moves through the mid line. It never broke below the bullish zone.
The MACD is about to cross up and is turning positive. The Bollinger Bands® had squeezed in and now look to be opening higher. There is resistance at 102.80 and then the all-time high at 104.40. Support lower comes at 101.80 and 100.20 then 99 and 98. The stock pays a dividend with an annual yield of 1.64% and started trading ex-dividend May 15th. The company is expected to report earnings next on August 1st.
The June options chain shows the biggest open interest at the 100 strike on both the puts and calls. July options have the biggest open interest at the 100 call and then the 105 call. The October options, the first to cover the next earnings report, are biggest at the 105 call with some size at the 110 call as well. The 85 put also has some open interest.
Yum Brands, Ticker: $YUM
Trade Idea 1: Buy the stock on a move over 102.80 with a stop at 101.
Trade Idea 2: Buy the stock on a move over 102.80 and add a June 100 Put (79 cents) while selling the July 12 Expiry 106 Call (74 cents).
Trade Idea 3: Buy the July/October 105 Call Calendar ($2.40).
Trade Idea 4: Buy the October 92.50/105 bull Risk Reversal ($2.25).
After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with five months of 2019 in the books, sees equity markets have given back half of their gains from the peak at the end of April.
Elsewhere look for Gold to continue in its uptrend while Crude Oil continues lower. The US Dollar Index continues to drift higher while US Treasuries are very strong but overbought. The Shanghai Composite continues to consolidate in its downtrend while Emerging Markets may be reversing back higher.
Volatility looks to drift up putting downward pressure on the equity index ETF’s SPY, IWM and QQQ. Their charts are showing the pain in the short run and that is now moving into the weekly timeframe as well. Use this information as you prepare for the coming week and trad’em well.
5 Trade Ideas for Monday: Anthem, Kansas City Southern, Pfizer, Total System Services and Yum
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Anthem, Ticker: $ANTM
Anthem, $ANTM, took a nose dive in April, dropping over 20% in just 4 days before finding footing. The bounce from there reached the 20 day SMA at the end of the month and it has been consolidating there ever since. The RSI is holding at the mid line with the MACD level but negative. Look for a push over resistance to participate….
Kansas City Southern, Ticker: $KSU
Kansas City Southern, $KSU, had a strong run higher off of a low in December reaching a top in mid-April. It pulled back from that, retesting the 50 day SMA 2 weeks ago. It is now moving higher again. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over Friday’s high to participate…..
Pfizer, Ticker: $PFE
Pfizer, $PFE, pulled back to a low in April and then bounced. It stalled as it touched the 50 day SMA in early May and dropped back to a higher low. Now it is back at the bounce high with the RSI on the edge of a move into the bullish zone and the MACD about to cross to positive. Look for a higher high to participate…..
Total System Services, Ticker: $TSS
Total System Services, $TSS, had a strong move higher off of a December low to consolidate in March. A second move from there ran to a top in mid-April before the current consolidation. The RSI is rising in the bullish zone with the MACD turning to cross up and positive. Look for a push over resistance to participate…..
Yum Brands, Ticker: $YUM
Yum Brands, $YUM, met resistance at the start of May after a long run higher. It has since pulled back to the 50 day SMA and consolidated. Friday saw a turn to the upside. It has a RSI turning back higher at the mid line with the MACD leveling as it reset to zero. Look for a lift out of consolidation to participate…..
After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which saw equities continued to experience some setbacks as the markets closed out May options expiration.
Elsewhere look for Gold to continue its pullback while Crude Oil resumes the uptrend. The US Dollar Index looks to drift higher while US Treasuries are also biased to the upside. The Shanghai Composite remains stuck in its pullback while Emerging Markets continue the downtrend.
Volatility looks to continue to moderate easing the pressure on the equity index ETF’s SPY, IWM and QQQ. Their charts show intra-week strength in the pullbacks of the SPY and QQQ with the IWM stuck in a range. All 3 look weaker on the daily charts. Use this information as you prepare for the coming week and trad’em well.