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I keep telling you this market is turning vicious at least for the moment and that means you need to get a little more select about the stocks um you want companies that can thrive even in a time of uncertainty even if the trade war drags on even the political floor for impeachment makes American businesses gun-shy about spending money so what might be worth picking out here consider some of the better run fast food chains with stocks that have been holding up pretty well of lis remember the consumer economy is still in very good shape the weakness here is most soon the enterprise side of things we've seen solid retail sales and discretionary spending numbers some of the best in years job markets incredibly strong best in 50 years wages are rising somewhat although not so much to be inflationary so the Fed can cut rates in short the consumers money to spend and everybody needs to eat but just like in every other sector it pays to be picking with the restaurants which is very theme in today's market now some of the sit-down places like behind brands think I hop in Applebee's Dave and Buster's Darden Brinker they've all struggled to bring in customers of late the fast food chains on the other hand have lines out the door because they appeal to more value conscious consumers that's why tonight we're going off the charts with the help of Bob line the founder of explosive options dotnet as well as being the brain technician the all-star team behind the street comms trifecta stocks newsletter and he's also the author of know your options we're gonna get a better read on three of his favorite fast-food stocks McDonald's Chipotle and jack-in-the-box McDonald's was probably particularly intrigued me so I'm gonna spend some more time later in the show addressing why I like them long term and short term let's start with the daily chart only thought of mythology's got slammed today after JP Morgan published a pretty negative note predicting it's the same store sales would come in weaker than expected this quarter in response to stock plunged more than $5 this was really some of the major weakness in it in a Dow Jones average that was pretty terrible to begin with thing is McDonald's is incredibly well-run company as I'll explain later in the show I have enormous faith in the CEO Steve Easterbrook he has turned around the company with technology with smarts in the last quarter was excellent so you might want to take this piece of research for the great assault now just as important Lange really likes what he's seeing in the chart so we're doing chart and and fundies even though mcdonald's got hit today stock it's been on a major roll all right it's up more than 17 percent for 2019 not bad so far it's made a series of higher highs and higher lows line puts out that every time there's been a dip in this one that dip has been a Buy and as you can see every time and this time well let's just see last month with dollars broke down below its floor of support that's the 50-day moving average which is the blue line and currently at 214 and this is what often happens to stocks without a strong floor still live thinks the pullback smells like an opportunity the moving average Convergence inverse or the MACD line which is right here that's an important momentum indicator it recently made what we call bullish crossover that's where the black line goes above the red one and it's a pretty reliable signal that the stock is ready to head higher there's been no degradation that it still continues to work plus the whims our percentage I said remember II have light Williams did some of this stuff this is the saucer measures when a stock has gotten over porter oversold it now shows that last mcdonald's in the oversold territory which has always been a buy indicator come down too far too fast duper bounce what if we want something less ambiguous okay now here's my absolute favorite Chipotle look at this thing remember again doing chart first and then later on fundies this just exploded higher sup more than ninety percent year-to-date and I think a lot of it is the brilliant leadership of CEO Brian nickel and the fact that the company's finally gotten over all those healthcare worries from a few years ago remember American public thinks about 18 months and then they forget just the way it is it's that far in the rearview mirror to poley remains one of the great growth stories out there company invested heavily in technology get those lines moving faster and process more customers they've cleaned up the stores they're rolling out lots of enticing new menu options irresistible carne asada now it's for the chart Lange thinks it's got a lot going for it every time Chipotle pulls back to its 50-day moving average the stock rebounds hard like it did last month that's encouraging action at the same time there's the Ichimoku cloud we've listened to this before that's that green space on the chart this is a technical tool that uses a bunch of moving averages to give you a read on the whole situation of glance when the Ichimoku cloud is green and expanding like with Chipotle that's a good sign right now the stock is kind of going sideways consolidating ice it's got a monster game from the summer remembers larges best form stocking that in the SP that's why Lang says it's a buy right here something I agree with it again I will talk about that as the show progresses Chipotle's got a cilium resistance in 850 and once it breaks out of that ceiling well let's just say there could be a lot more upside might take some time though before the breakout happens Lang says it's worth the wait I agree finally now this is one that I'm not covering fundamentally because I'm not as bullish on it as as Bob is jack-in-the-box this is a company that competes directly against McDonald's Jack's last quarter was spectacular that's why this talk had a gigantic gap higher in August okay and that worries me that it had such a big gap this thing's been on fire though ever since making new afternoon why every time the markets pull back over the last couple months jack-in-the-box is held up remarkably well the stocks now above walvis key moving averages the HMO COO cloud is as bullish as it gets Hank green and expanding while Jack of the Box is an overbought territory according to the Williams percentage are all right all the way up here then that's what worries me by the way I think it's a little over blood I don't want to come down to that gap this might be one of the embedded situation where there's so much demand first off that it gets overbought and stays there for weeks or months and discuss the embedded and get-rich-quick it's the thing it really confounds me it's the stock that's so overbought that it just stays overbought and wins that's a it's a positive sign now look for the past few weeks Jack has been stuck in a pretty tight trading range but this is what's known as an ascending triangle see that okay and that's a where stocks helium resistance stays roughly flat even as the floor of support keeps rising why is this matter because this is what usually what's called a continuation pattern where a stock pauses to consolidate after a big move and then resumes that move once it's ready in other words after the box might be marking time here before its next like that lying says it's his favorite here's the bottom line if you're looking for something it might be worth buying in this difficult market we have a difficult market you could do a lot worse than the best run fast food chains the charge isn't referred by Bob Lang suggests the jack-in-the-box and Chipotle have much more room to run and McDonald's were snapping up and we just later the show I'll lay out my view long term I like the tiles Chipotle should be bought now I have to do more work when jack-in-the-box because I just don't think this one is as easy as Bob says it is let's go to Pam in California please Pam hey blue yeah Jim I'm collar a longtime listeners oh thank you I have a question for you Starbucks SB UX has been on a coffee high for the last year with gains around 75% and beating estimates for the last eight quarters so do you think they can sustain their global growth as they have been doing it in China and should I stay caffeinated get more caffeinated or dump my well I like that I like the way you're approaching that Pam I have to tell you I've been waiting for Starbucks to come down in order to tell people look once again it's ready to go and you know what it has come down a lot and I think that I believe that you should own the stock in a terrific quarter a terrific year Kevin Johnson's doing well they're taking profits in the stock like they're taking about too many others and they're cold brew during the afternoon is crushing it Starbucks is a by Johnny Michigan John hey Jim love the shell just wanted to know what your thoughts were on GrubHub it's being shorted by Jim Chanos brownie set it to 200 200 EPS what you see here's the problem of grub I own two restaurants and I have to tell you that the war between GrubHub and this alpha door - post mates so the big ads this weekend made with Martha Stewart post mates it is just too difficult for anyone to make money in that environment the other two guys are private they can lose all the money they want so grub as much as it's very well-run and I happen to everybody notices you've had management on I think Batman he's terrific I think that business is too hard even for someone as good as Matt always welcome on the show all right don't let the market pull fast for you need to get more selective about what you own and the chart suggests Jack of the box of Chipotle and McDonald's can thrive in uncertain times two out of three I agree with much more minute money and I'm looking for a surge of profits in my exclusive with the CEO of Con Ed oh boy talk about something you get home then on a hideous day one of the hardest hit pockets is also one of the best long-term places out there so what should you do with some of these restaurant chains all of your calls and of course they'll take all your calls later tonight's edition up
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