BEST STOCK PICKS TODAY
Trading Game Plan: 11-9-20
Investors are heading into McDonald's (NYSE:MCD) third-quarter report with more information than usual thanks to the fast-food giant's recent sales update.
That announcement in early October revealed that Mickey D's had returned to sales growth in the core U.S. market even as its global revenue trends stayed negative through late September. (source fool.com)
Now that election results are confirmed, I'm expecting a "sell the news" type of day. Many stocks in our daily watch list rallied hard last week and are due for a pause.
Z (Zillow) SQ (Square) and ROKU exploded with bullish gaps trading into new highs. The charts look great but new swing trades don't. The reward potential isn't there. The optimal entry was 3 days ago.
Don't chase, there will be plenty of opportunity this week.
