Stocks: The Good, The Bad and The Ugly

Restaurants, tech stocks I want to buy and more

Good morning,

We’re just two days in, but so far getting a little bit of the pullback that I outlined as a possibility coming into this week. It’s healthy and normal and while there could be more to go, two days of slight losses do little to change the trends for our time horizon.

This week we’re looking at:

• Restaurant stocks that keep working

• 4 stocks I would buy on a further tech pullback

• Healthcare stocks hitting 52-week highs

• and more

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Restaurants keep dishing out

MCD with the retest

After a one-month pullback, McDonald’s has successfully retested its breakout point and is looking to get back to new highs. The early-June lows of $280 should be viewed as support going forward for this conservative stock in a strong uptrend.

Darden reports earnings this morning

I’m writing this Wednesday evening, so I don’t know what the reaction might be right now to Darden’s earnings report and call. But earnings aside, this is a strong-looking stock emerging from a large base. A hold above $164 today would be very bullish and a minor pullback to $156 could be a buying opportunity if it happens.

Chipotle setting up for the next leg higher?

CMG has consolidated its 13% earnings gap nicely, trading sideways for the past two months. The stock was up 1.2% in yesterday’s tough tape and looks like it may be trying to make its move. If above $2000/share, my bet is higher.

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4 stocks I want to buy on a tech pullback