by Sam Collins 10/02/08
McDonald's Corp. (MCD) -- This operator and owner of McDonald's restaurants worldwide, which offer various food items, soft drinks and other beverages, has been in a bull market since 2003.
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Since then, this household name has returned more than five times and, despite a devastating bear market for other stocks, continues in a powerful long-term uptrend.
Recently, MCD pulled back from its high at $67, but it has consistently found support at its 200-day moving average and the major bullish support line -- both now at just under $50.
This is a cornerstone stock in any portfolio and wise investors will want to own it for long-term returns.
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FAST is now consolidating and recently flashed a buy signal from our internal indicator.
Options Expiration Adds Volatility
The opening looks to be higher but today is options expiration day, and anything could happen.
Chances are high stocks will sell off further, but be alert for a dead-cat bounce after such a dramatic breakdown.
Traders and longer-term investors should sell any new positions at the first opportunity and short ETFs on a temporary recovery in the market.
CAT, the blue-chip of its industry, is the first to attract attention when it's time to dress up a portfolio.
