The Federal Reserve continues it series of seemingly unending rate hikes.
YUM (KFC and other restaurants) moves higher on an analyst upgrade. MCD McDonalds has a beautiful looking chart. It is a mature company. It has survived the mad cow scares, the super size movie and price wars in the segment. I'd like it a lot more under 35 (currently 35.90+) so I can sell the 35 strike price calls.
CSCO Cisco has a disappointing report and is lower. The household name tech leaders from 1999/2000 have mostly fallen on hard times. CSCO, DELL, EBAY, MSFT, INTC were all huge winners during the decade of the 1990s and have all disappointed along with the Nasdaq that they dominate. And those big names have done better than some of the dot bombs such as CMGI which is down 99% from its all time high.
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