Market Overview

Rich Ross Weighs In On Chevron, Caterpillar And McDonald's

Related CVX
Diverse, Efficient Energy Sector Exposure
The Oil Price This Energy ETF Needs
A Dividend Portfolio Built From The World's Best Dividend ETFs (Seeking Alpha)
Related MCD
Zima Is Coming Back: Here Are 7 Other Retro Foods We Want To Try Again
Facebook, McDonald's, Hain Celestial: Fast Money Picks For February 22
Cocktail Investing Ep. 5: Consumer Staples M&A, Fed-Speak And The Border Adjustment Tax (Seeking Alpha)

Speaking on CNBC's Fast Money, Rich Ross of Evercore ISI said that Chevron Corporation (NYSE: CVX) is going to hold above its 200-day moving average. He thinks that crude oil is going higher and that is going to take Chevron higher too.

Caterpillar Inc. (NYSE: CAT) is the best performing stock in the Dow Jones Index year-to-date, but it's trading close to its resistance of $90. Ross believes it won't be able to break above the resistance after the CEO retired. He would sell the stock.

Ross noticed a head and shoulders pattern on its weekly chart in McDonald's Corporation (NYSE: MCD) and he thinks that the stock is going to trade lower to its 200-week moving average, which is at $100. Ross added that McDonald's could drop below $100 and he can see it at $96.

Posted-In: Evercore ISI Fast Money Rich RossCNBC Long Ideas Short Ideas Media Trading Ideas


Related Articles (CAT + CVX)

View Comments and Join the Discussion!