DIVO - McDonald's may need this upcoming 'exciting' move to break out of malaise: Sector Watch

McDonald’s (MCD) will make an announcement this month that is “exciting,” but pretty clouded at the moment, according to Seeking Alpha’s Catalyst Watch. The announcement needs to be kept quiet until 11 a.m. ET, according to messages from the company sent to Barstool Sports founder Dave Portnoy, which he shared on Twitter. McDonald’s shares have been on a slight upswing recently, although they have yet to recover the heights they hit last year at the end of the rally for recovery stocks. Shares are more than 3% higher from the recent low hit right after its latest earnings report, which showed disappointing comparable sales. But the stock did catch the wave of the recovery trade when it looked like a $1.9T stimulus package was coming, reflected in a rise in long-term yields to a one-year high and a inflation expectations to levels not seen since 2014. Shares are down nearly 7% from the closing high

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McDonald’s may need this upcoming 'exciting’ move to break out of malaise: Sector Watch