- McDonald's introduces new Chicken Bic Mac globally.
- Fast food leader says the product is only available for a limited time.
- Analysts will watch what management says during the earnings release on October 29.
- MCD stock is trading at a new all-time high.
McDonald’s (MCD) stock price rose more than 1.6% on Monday after the world’s largest fast food chain launched its Chicken Big Mac sandwich. The sandwich is only available for a limited time but could become a primary competitor to the fast food chicken king — Chick-fil-A.
McDonald’s was the second-best performer in the Dow Jones Industrial Average in the week’s first session, which coincided with Columbus Day. The DJIA gained 0.47% in the session, behind the 0.77% and 0.87% that the S&P 500 and NASDAQ indices wrought, respectively.
McDonald’s stock news
The Chicken Big Mac is a poultry version of the fast food chain’s iconic cheeseburger. The sandwich replaces the normal Big Mac beef patties with two chicken tempura patties, while the classic toppings remain.
With most US markets pricing the Chicken Big Mac at $5.49, it’s sure to be watched by analysts as a means of increasing foot traffic.
Popeyes (QSR), Wendy’s (WEN) and Shake Shak (SHAK) have all carried out similar chicken sandwich initiatives over the past several years as Chick-fil-A has continued to exercise leadership in the product market.
First carrying out a trial run in Miami back in 2022, it’s taken all this time to roll out the new option to McDonald’s 36,000-plus restaurants around the world. At 530 calories, some customers may see the Chicken Big Mac as a healthier alternative for watching their weight.
McDonald's stock forecast
McDonald's stock reached an all-time high on Monday after breaking through long-term resistance. The stock should continued breaking higher since the resistance level that began in April 2023 has existed for about 18 months. This makes the break quite significant.
The 50-day Simple Moving Average (SMA) near $290 may provide support in the event of any pullback.
MCD daily stock chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD retreats to 1.0400 as mood sours
EUR/USD loses its traction and retreats to the 1.0400 area in the second half of the day on Monday. The negative shift seen in risk mood, as reflected by Wall Street's bearish opening, supports the US Dollar and makes it difficult for the pair to hold its ground.
GBP/USD drops below 1.2600 on renewed USD strength
GBP/USD turns south and drops toward 1.2550 after reaching a 10-day-high above 1.2600 earlier in the day. In the absence of high-tier macroeconomic data releases, the US Dollar benefits from the souring risk mood and weighs on the pair.
Gold holds steady above $2,600 following previous week's choppy action
Gold fluctuates in a tight range above $2,600 in the American session on Monday. The benchmark 10-year US Treasury bond yield is down more than 1% on the day, helping XAU/USD find support despite the renewed US Dollar (USD) strength.
Three Fundamentals: Year-end flows, Jobless Claims and ISM Manufacturing PMI stand out Premium
Money managers may adjust their portfolios ahead of the year-end. Weekly US Jobless Claims serve as the first meaningful release in 2025. The ISM Manufacturing PMI provides an initial indication ahead of Nonfarm Payrolls.
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.