- The S&P 500 SPY has been on a bullish run since the 2009 real estate market crash, and many stocks are showing bullish tendencies in line with the market's upward trajectory.
- McDonald's Corp MCD is experiencing impressive growth, despite recent negative attention, layoffs, and a decision to have corporate staff work from home.
- The company's restructuring plans seem to be successful, as the stock price breaks records and outperforms the S&P 500, with a 9.7% increase so far this year.
Investors everywhere are on the lookout for stocks that soar higher than the S&P 500 SPY benchmark. And who can blame them?
The S&P 500 may be lagging behind its all-time peak of $4818, but it's making headway steadily after bouncing off a support base in October 2022.
In fact, the recent boost above $4000 has bolstered buyers' spirits and given them the motivation they need to push prices upward. So if you're hunting for stocks with a winning streak, keep an eye on the S&P 500's progress.
The S&P has been cruising on a bullish run since the real estate market crash in 2009. And now, with the market still on an upward trajectory, many stocks are following suit and showing bullish tendencies.
One such stock is McDonald's Corp MCD, the beloved fast food chain, which is painting a picture of impressive growth despite some negative attention it has been receiving lately.
With news in January of upcoming layoffs and the recent decision to have corporate staff work from home, many might have thought that the company was struggling. However, looking at the stock movement would reveal that McDonald's is still going strong.
McDonald's latest restructuring plans seem to be paying off big time. Investors are showing their enthusiasm by pouring in full force, leading the stock price to break previous records and reach new heights.
It's outperforming the S&P 500 and is expected to continue climbing. So far this year, the stock has gone up by 9.7%, and it looks like the $300 level is within reach.
However, since it's a psychological level, it might be tough to break. But for the time being, McDonald's is proving to be an unrelenting stock that's on the move without any indication of slowing down.
After the closing bell on Thursday, April 13, the stock closed at $279.61, trading up by 5.82%
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