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Macke's Movers: Down Day For McDonald's

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A move into the 40's for fast food giant could make things interesting.

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Hello from New York, where I'll furiously deny ever offering the opinion that airline stocks had bottomed. It doesn't matter if you link me or show me the video from Fast Money in January where I misquoted myself by saying that I allegedly thought the bottom was in on airlines, I'll deny it.

  • Howdy to the TD Ameritrade (AMTD) Apex'ers, many of whom I spoke to this morning in Times Square. It was truly an honor but you can't appreciate the effort required to speak to a big room at 8:30 in the morning until you've done it. I was sweating like Paris Hilton taking the SATS (as Guy Adami says) about five minutes in. Let's just say there's a reason they hold rock concerts at night.

  • Note the USO oil ETF making new highs today. Note the DUG "Ultra Bearish Gas and Oil" ETF making new lows. Note that the market cares not a whit about where things "should" trade; it goes where the animal spirits take it.

  • McDonald's (MCD) is trading slightly off after reporting yet another insanely strong quarter. What's wrong with the stock? Nothing much; this is simply what happens when a company convinces the last of the doubters that yes, they are in fact this good. No reason to be jumpy but a four-handle on Micky-D's would make things very interesting.

  • NetFlix (NFLX) getting beaten like an airline stock today after taking down numbers last night. Remember, NFLX had run from $25 to $40 since mid-February, when Blockbuster (BBI) was first (secretly) approaching Circuit City (CC).

  • Honk your custom-built, canary yellow Hummer if you're skeptical about the benefits of Earth Week hype. HONK!

  • New York Times (NYT) is announcing this morning that the company is not for sale. As Yahoo (YHOO) proved, not being for sale and having a business model are not the same thing.
No positions in stocks mentioned.

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