- 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 accelerates losses to 1.0930 on stronger Dollar
The US Dollar's recovery regains extra impulse sending the US Dollar Index to fresh highs and relegating EUR/USD to navigate the area of daily troughs around 1.0930 in the latter part of Friday's session.
GBP/USD plummets to four-week lows near 1.2850
The US Dollar's rebound keep gathering steam and now sends GBP/USD to the area of multi-week lows in the 1.2850 region amid the broad-based pullback in the risk-associated universe.
Gold trades on the back foot, flirts with $3,000
Gold prices are accelerating their daily decline, steadily approaching the critical $3,000 per troy ounce mark as the Greenback's rebound gains extra momentum and US yields tighten their retracement.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker holds steadily above $1,250 support as a whale scoops $1.21 million worth of MKR. Addresses with a 100k to 1 million MKR balance now account for 24.27% of Maker’s total supply. Maker battles a bear flag pattern as bulls gather for an epic weekend move.
Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.