Sell Alert: Take A 16% Profit on Arcos Dorados

The latest catalyst for ARCO was the quarterly global sales results from its franchisor, McDonald’s, on July 28. The market liked what it saw as its stock price rose.
However, the resurgence of Covid-19 cases may slow the reopening trend, so we recommend taking a nice profit in this position while we have it.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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