Best Stock Picks Today | Trading MCD Earnings 1-28-21

BEST STOCK PICKS TODAY

Trading Game Plan: 1-28-21

McDonald’s misses on earnings and revenue, but U.S. same-store sales rise 5.5%

McDonald’s on Thursday reported that its U.S. same-store sales jumped to 5.5% in its latest quarter, but the coronavirus pandemic is still adding costs and slowing recovery in many of its international markets.

The fast-food giant reported fourth-quarter net income of $1.38 billion, or $1.84 per share, down from $1.57 billion, or $2.08 per share a year earlier. Source:

With the stock market seeing heavy selling yesterday we adjusted our game plan to find industry specific ideas. Plenty of opportunity but hardly the same conviction levels as the previous three weeks.

Today's game plan focuses on strong stocks that have declined the last few days. I'm looking for buyers to come back and provide setups for new swing trades.

SOL, AMAT and GM have made that list.

Financial stocks have continue to see profit taking since earnings and have not given us a new entry signal yet.

Still on the list are home builder stocks such as LEN, TOL and KBH. They've paused for a few days after bullish momentum so I'm game planning new entries here as well.

NTAP showed solid strength yesterday amid the selling so I'm looking for buyers to step up again. If we see early signs of order flow I'm considering a new swing trade.

Pete