Here's why fast-food giants like McDonald's and Chipotle are the '‘best bet in the market right now.' (via TradingNation)
soared to all-time highs last week on the back of earnings reports that topped expectations.
The runup has the Street divided. Some say there's more upside — some say valuations now look stretched. In addition to a favorable economic backdrop, Chiavarone says that these fast-food giants are "helping" themselves by focusing on digital initiatives aimed at attracting and maintaining a younger and loyal following.
On the flip side, Blue Line Futures' Bill Baruch says investors shouldn't chase these stocks around all-time highs. "There's a lot of momentum," he said, but he's staying "cautious," saying investors shouldn't buy these stocks simply "because of fear of missing out."
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