Guy Adami Thinks That McDonald's Corporation Is Going Higher - McDonald's (NYSE:MCD)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

On September 18, Guy Adami recommended a long position in McDonald's Corporation (NYSE:

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

MCD), forecasting a move to $103. The stock jumped almost 3 percent since then and after the news on Monday that Carl Icahn might have taken the stake in the company, it looks like his trade is moving towards his price target.Adami commented on the news on CNBC's Fast Money and said that this would be a lot for Carl Icahn and he wants to focus on the fundamentals. According to his recommendation from September 18, traders who bought the stock should double up at this price level. Adami still thinks that the stock is too cheap.

McDonald's Corporation gained 1.61 percent on Monday and it closed at $96.22.